$500M loan buoys hotel project in Beverly Hills, Calif.

Goldman Sachs Group Inc. and Aareal Capital Corp. are supplying $500 million in refinancing to the construction of a hotel and condo complex in Beverly Hills, Calif., by the nearby Beverly Hilton and Waldorf Astoria. Cain International and Alagem Capital Group, owners of the Beverly Hilton and Waldorf, won city approval in June for the $2 billion complex.