Cain International Secures $2B Construction Loan For Luxury Project In Beverly Hills

The Development Site located at 9850, 9876, 9900 & 9988 Wilshire Boulevard in Beverly Hills spans across 17.5 acres. The property is set to be transformed into a luxury project named "One Beverly Hills" comprising high-end residences, a hotel, and a botanical garden. The project is financed by a $2 billion construction loan led by JP Morgan, secured by Cain International.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,000,000,000
• Asset Type: Development Site
• Market: Beverly Hills
• Lender: JP Morgan
• Landlord: Benny Alagem - Alagem Capital Group; Jonathan Goldstein - Cain International; Todd Boehly - Eldridge Industries; Vlad Doronin - OKO Group
• Loan Type: Construction Loan

The loan for "One Beverly Hills" was secured by Cain International, with JP Morgan leading the $2 billion financing. The individuals behind this substantial loan include Benny Alagem of Alagem Capital Group, Jonathan Goldstein of Cain International, Todd Boehly of Eldridge Industries, and Vlad Doronin of OKO Group, demonstrating a collaboration of notable figures in the real estate and investment industry.