Latham & Watkins Advises Cain in US$4.3 Billion Financing for One Beverly Hills

Cain International, the privately held investment firm, has announced a US$4.3 billion financing to complete its development of One Beverly Hills, a world-class mixed-use urban destination and residential enclave that redefines luxury living in the heart of Beverly Hills. The financing comprises a US$2.8 billion senior loan led by J.P. Morgan and a US$1.5 billion mezzanine loan from VICI. Construction commenced in 2024, with vertical works beginning in autumn 2025 and phased delivery scheduled to commence from 2028.

Latham & Watkins LLP represents Cain in the transaction with a real estate deal team led by New York partners Betsy Jaffe, Aida Vajzovic, and Douglas Heitner, with associates Megan Higgins and Sahra Phillips, and with assistance from Josh Gelnick. Advice was also provided on corporate matters by Chicago partner Jonathan Solomon, with associate Dalton Powell; on land use and local real estate matters by counsel George Mihlsten and Los Angeles partners Maria Hoye and Kim Boras; and on special tax district matters by Los Angeles counsel Anna Rienhardt.