JPMorgan and MUFG Near $22 Billion Data Center Financing in Texas
JPMorgan and MUFG are close to underwriting a $22 billion Texas data center loan for Vantage, highlighting the growing demand for AI-driven infrastructure.
Major Banks Back Texas Expansion
JPMorgan Chase and Japan’s Mitsubishi UFJ Financial Group (MUFG) are moving closer to securing a Texas data center loan worth $22 billion for a massive campus in the state. The project will be developed by Vantage Data Centers, which is backed by Silver Lake and DigitalBridge.
Billions in Equity Support
In addition to the Texas data center loan, Silver Lake and DigitalBridge will provide $3 billion in equity to support the project. This extra funding demonstrates the strong commitment of investors to the fast-growing data center market. With both equity and debt combined, the Texas campus has the financial backing it needs to move forward.
JPMorgan, MUFG, Vantage, and their partners have not yet released official statements. However, their involvement highlights how banks and investment firms increasingly view data centers as essential assets for the future.
Rising Demand from AI and Cloud
The Texas data center loan also reflects the explosive growth of artificial intelligence (AI) and cloud services. These technologies depend on advanced infrastructure to function at scale. As a result, global demand for reliable data centers continues to climb.
A report by JLL shows that data centers remain one of the most attractive real estate asset classes. This popularity stems from strong tenant demand, limited available supply, and increasing rents. In fact, the sector’s market capitalization has grown by 161% between 2019 and 2025, proving how valuable these assets have become.
Texas Leads the Way
Texas has become a top location for new data center projects. The state offers relatively low electricity costs, abundant land, and strong infrastructure. Because of these advantages, more companies continue to choose Texas for large-scale developments.
The Texas data center loan will help Vantage build a campus that can attract both global technology companies and financial firms. This site could also play a central role in meeting the growing needs of AI-driven businesses.
A Turning Point for Banking Strategy
The deal also shows how traditional banks are changing their strategies. Instead of focusing only on corporate loans or traditional investments, they are now channeling billions into digital infrastructure. By financing projects like the Texas data center loan, banks are securing their place in the next wave of economic growth.
As AI continues to expand, banks, private equity firms, and infrastructure funds all want a share of this booming sector. For Texas, the project strengthens its position as one of the most important hubs for the digital economy.
