The ultrawealthy buyers calling dibs on units in Cain’s forthcoming One Beverly Hills development are being asked to lend a hand with financing before construction is finished. London-based Cain is raising money from condominium buyers through a bond program that gives purchasers a stake in funding the $10 billion project in exchange for a 5 percent return, the Wall Street Journal reported. The bonds, dubbed Founder Bonds, are optional but have become part of the deal for buyers so far. The 17.5-acre project, slated for completion in 2029, will include roughly 150 Aman-branded condos, 78 hotel suites, luxury retail, upscale […]
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