One Beverly Hills Secures $4.3bn Financing for Development

One Beverly Hills secured $4.3bn in financing to complete its development in central Beverly Hills, California. The funding round, led by J.P. Morgan and VICI Properties, consists of a $2.8bn senior loan and a $1.5bn mezzanine loan. The project is expected to generate $40bn in local economic impact and support 2,700 construction jobs. VICI's expanded involvement increases its total commitment to $1.5bn and develops its strategic relationship with Cain and Eldridge Industries.