JPMorgan Leads $2 Billion in Financing for Beverly Hills Resort
- Bank provides a $500 million loan for ultra-luxury project
- Plans call for residences and a hotel operated by Aman Group
Source: Foster + Partners & Kerry Hill Architects
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JPMorgan Chase & Co. is leading a $2 billion financing package for an ultra-luxury development under construction in Beverly Hills.
The funding would enable One Beverly Hills — a project with as many as 200 residences, a 78-key hotel and a spa club operated by Aman Group — to open by 2028, when Los Angeles hosts the Olympics. JPMorgan is providing a $500 million senior loan, according to a statement by the developers Wednesday that didn’t name the other lenders.