$4.3B financing for One Beverly Hills mixed-use development

J.P. Morgan led a $2.8 billion senior loan and VICI REIT provided a $1.5 billion mezzanine loan to finance the $4.3 billion One Beverly Hills mixed-use development in Beverly Hills, California. The project spans 17.5 acres and will feature Aman’s first urban residences, hotel, and members’ club alongside retail, hospitality, wellness, and leisure concepts within 10 acres of gardens and open space. Construction began in 2024 with vertical works starting in autumn 2025, and phased delivery is scheduled from 2028. The financing includes a $1.05 billion incremental commitment from VICI, representing a $450 million existing investment plus new capital, with an initial term of four years and a 12-month extension option. The project is expected to generate $40 billion in local economic activity over 30 years and support over 2,700 direct construction jobs.

Counterparts (3)

Lender

J.P. Morgan

company

New York-based global financial institution with $3.5 trillion in assets under management. Active infrastructure investor and lender across energy transition, utilities, transport, and digital infrastructure in North America, Western Europe, and select Asia Pacific markets.

VICI REIT

company

New York-based experiential real estate investment trust specializing in gaming, hospitality, and entertainment properties across the United States and Canada with $35B in assets under management.

borrower

Cain and Eldridge Industries

company

Miami-based diversified investment firm providing debt and equity capital to growth-stage businesses across multiple sectors. Operates with a hands-on approach, offering capital and resources to experienced management teams executing strategic plans.