Latham Advises Cain in US$2 Billion Financing for One Beverly Hills

Cain International, the privately held investment firm, has announced it has secured US$2 billion in construction financing to support the development of One Beverly Hills, a mixed-use urban project spanning 17.5 acres. The financing includes a US$500 million senior loan from JP Morgan in addition to other private financing commitments. The agreement will see JP Morgan join a consortium of world-leading architects, design houses, developers, and hospitality brands in supporting the development of one of the nation’s largest real estate projects.

Latham & Watkins LLP advises Cain in the financing and in transactions related to the project with a deal team led by New York partner Michelle Kelban, with associates Aida Vajzovic and Lucas Fernandez-Rocha. Advice was also provided on financing matters by New York partner Betsy Jaffe; on land use matters by Los Angeles of counsel George Mihlsten and Century City counsel Benjamin Hanelin; on management and branding documentation by Century City/New York partner Meghan Cocci and Century City counsel Tiffany Taubman; and on tax matters by New York partner Alan Kimball, with associate Christina McLeod.