BEVERLY HILLS, CA-A joint venture of locally based HDS Group and Ireland’s First Equity Group has secured a $28.85-million senior bridge loan from Connaught Real Estate Finance of Chicago in partnership with Broadway Bank for development of a mixed-use condominium and retail project at 9200 Wilshire Dr. Connaught invested more than $6.8 million in the firstloss position of the senior loan, with Broadway funding the balance.

The JV of HDS Group and First Equity plans to begin construction in the first quarter of 2009 on the project, which will include 44 luxury condominiums and nearly 19,000 sf of retail space on of the last remaining undeveloped sites in Downtown Beverly Hills. The project—within walking distance of the Beverly Hills Golden Triangle—involves three parcels and includes the entire south side of the 9200 block on Wilshire Boulevard between Maple Drive and Palm Drive.

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