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Cain, Security Benefit to Buy $1.2B PacWest NY Portfolio  

Cain, Security Benefit to Buy $1.2B PacWest NY Portfolio  

Cain, Security Benefit to Buy $1.2B PacWest NY Portfolio  

Cain, Security Benefit to Buy $1.2B PacWest NY Portfolio  

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Cain International, in partnership with Security Benefit Life Insurance Company, has agreed to acquire a portfolio of real estate construction loans from Pacific Western Bank for over $1.2 billion. The portfolio consists of 10 loans focused on multifamily and student housing developments in New York, with a total principal balance of around $500 million.  

“We remain confident in the tenacity of urban markets and look forward to working with our new partners to support the delivery of some exceptional products to one of the nation’s most dynamic cities,” said Jonathan Goldstein, CEO and co- founder of Cain International.  

Cain has originated over $7 billion of real estate debt since 2014 and manages over $15 billion in assets globally. They are involved in developments such as One Beverly Hills and Raffles Boston Back Bay. 

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