Marina Mirage, Gold Coast | $40 million bilateral financing
01 Oct 2013
Macquarie completed a $40 million bilateral financing to support Makris Group's acquisition of the Marina Mirage leasehold interest from receivers. The Marina Mirage is a mid-sized, specialty fashion and dining focused retail centre and adjacent 100 berth marina located 3.5km north of Surfers Paradise on the Gold Coast.
Macquarie provided a customised facility for the borrower, which targeted maximum senior leverage in conjunction with bullet maturity and flexible cash management procedures. The investment is further demonstration of Macquarie's ability to complete bespoke, unconventional financing transactions for credible assets in regional markets such as the Gold Coast.