Beverly Hills-based Alagem Capital Group and London-based Cain International have received a $500 million loan to refinance the Beverly Hilton and Waldorf Astoria Beverly Hills, which are both part of the planned $2 billion One Beverly Hills development.
The money came from Aareal Capital Corp. and Goldman Sachs Group Inc.
Aareal Capital is providing the $340 million senior portion of the loan while Goldman Sachs’ Broad Street Real Estate Credit Partners III fund is providing the $160 million in mezzanine financing.
