Cain International, Eldridge Land $4.3B Financing for One Beverly Hills Mega-Resort

• $4.3B construction financing led by JPMorgan and VICI Properties
•  17.5-acre ultra-luxury project with Aman hotel and residences
•  Delivery starting 2028, ahead of the Los Angeles Olympics

Developers secure one of the largest financings in recent years

Cain International and Eldridge Industries, backed by Todd Boehly, have secured $4.3 billion in construction financing for One Beverly Hills. The capital stack includes a $2.8 billion senior loan from JPMorgan and a $1.5 billion mezzanine loan from VICI Properties. This ranks among the largest real estate financings in the past decade and signals strong institutional confidence in ultra-luxury development.

Project scale positions it as a landmark Los Angeles development

One Beverly Hills spans 17.5 acres at the intersection of Wilshire and Santa Monica boulevards, one of the most valuable locations in the country. The development will include Aman-branded residences, a 78-suite hotel, and a private club, along with two residential towers that will become the tallest in Beverly Hills. Units will range from large luxury residences to ultra-high-end penthouses.

Mixed-use program drives long-term value

The project also includes a major renovation of the Beverly Hilton, along with 200,000 square feet of retail and dining space. More than 10 acres of open space and botanical gardens will be integrated into the site, with a portion accessible to the public. This type of mixed-use, lifestyle-driven development is designed to create long-term destination value.

Financing builds on earlier capital raises

This latest funding follows earlier financing rounds, including a $2 billion construction loan secured in 2024 and additional mezzanine investment from VICI. The layered capital structure reflects how large-scale developments are being financed today, combining senior debt with institutional mezzanine partners.

Timeline aligns with major global events

Construction began in 2024, with vertical development ramping up in 2025. Phased openings are expected starting in 2028, positioning the project to benefit from increased global demand tied to the Los Angeles Olympics.

What this means for luxury and mixed-use investors

Cain International and Eldridge are making a major bet on ultra-luxury, experiential real estate in one of the most supply-constrained markets in the U.S. For investors, this deal highlights continued appetite for trophy assets. Large-scale, mixed-use developments with strong branding and global appeal continue to attract capital and deliver long-term value.