Cain International and Security Benefit Life Insurance Company to acquire a portfolio of real estate construction loans from Pacific Western Bank for $1.2bn.

Cain International, a privately held investment firm, and Security Benefit Life Insurance Company, a retirement solutions provider in mutual fund programs to help customers align their assets with their aspirations, agreed to acquire a portfolio of real estate construction loans from Pacific Western Bank for $1.2bn. “This marks a significant moment of growth for Cain’s U.S. lending platform and underpins our belief that high-quality projects, delivered by high-quality developers, will continue to thrive amidst transitory headwinds. 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,” Jonathan Goldstein, Cain International CEO and Co-Founder.