JPMorgan Chase And VICI Properties Provide $4.3 Billion Loan For One Beverly Hills Development Site

The development site located at 9900 Wilshire Boulevard in Beverly Hills encompasses a substantial 17.5 acres. This construction project is backed by JP Morgan and VICI Properties with a loan amount of $4,300,000,000 allocated for the development. The site will feature an Aman hotel, residences, a 100,000 sq. ft. Aman Club, a redesigned Beverly Hilton, and 10 acres of botanical gardens, with half of the gardens accessible to the public.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,300,000,000
• Address: 9900 Wilshire Boulevard
• Market: Beverly Hills
• Lender: JP Morgan & VICI Properties
• Landlord: Jonathan Goldstein, Jacob Sigel, Tiffany Farshi & Kobi Hekmat - CAIN
• Brokers: Anthony Orso, William Weber, Ari Schwartzbard & Clifford Welden - Newmark

The financing for the One Beverly Hills mega-project, one of the largest real estate deals in the U.S., represents a significant collaboration among stakeholders. Construction commenced in early 2024, with the project expected to generate 2,700 jobs and create an estimated $40 billion in long-term economic impact ahead of the 2028 Los Angeles Olympics.