VICI Provides $1.5B Mezzanine Loan for $4.3B One Beverly Hills Project
VICI Properties provided a $1.5 billion mezzanine loan as part of a $4.3 billion financing package led by J.P. Morgan Chase to complete One Beverly Hills, a 17.5-acre luxury complex set to open in 2028. The development features two towers with fewer than 200 condos and 45 retail venues.
1. Financing Structure
The financing package for One Beverly Hills totals $4.3 billion, comprising a $2.8 billion senior loan led by J.P. Morgan Chase and a $1.5 billion mezzanine loan from VICI Properties. This structure secures funding to complete the project through its scheduled 2028 opening.
2. Project Details
One Beverly Hills spans 17.5 acres at Wilshire and Santa Monica boulevards and includes two towers of 28 and 31 stories with under 200 condominiums. The complex will feature 45 stores and restaurants, a 78-room Aman Beverly Hills hotel, and 8.5 acres of drought-resistant botanical gardens.
3. Strategic Significance for VICI Properties
The mezzanine loan deepens VICI’s exposure to high-end hospitality real estate and aligns with its portfolio of premier properties. Partnering on a landmark development in an affluent market may enhance long-term cash flows and brand visibility.