JLL's Capital Markets Group Announces That It Has Arranged $425M Refinancing Secured For Miracle Mile Shops On Las Vegas Strip
Portfolio Pulse from Happy Mohamed
JLL's Capital Markets group has arranged a $425 million refinancing for Miracle Mile Shops, a 503,484-square-foot entertainment and retail destination located at the center of the Las Vegas Strip. The borrowers are IMI Miracle Mall LLC and IMI Miracle Harmon LLC, indirect subsidiaries of Institutional Mall Investors LLC, a co-investment venture between an affiliate of Miller Capital Advisory, Inc. and California Public Employees' Retirement System. Goldman Sachs served as lead lender, with Bank of America and Morgan Stanley Bank also serving as lenders.
June 28, 2023 | 8:05 pm
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POSITIVE IMPACT
Bank of America served as a lender in the $425 million refinancing deal for Miracle Mile Shops, which could contribute to its revenue.
As a lender in a significant refinancing deal, Bank of America could earn interest income, which would contribute to its revenue. This could have a positive impact on its financial performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Goldman Sachs served as the lead lender in the $425 million refinancing deal for Miracle Mile Shops, which could contribute to its revenue.
As the lead lender in a significant refinancing deal, Goldman Sachs could earn substantial interest income, which would contribute to its revenue. This could have a positive impact on its financial performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
JLL's Capital Markets group has successfully arranged a significant refinancing deal, which could enhance its reputation and potentially lead to more business opportunities.
The successful arrangement of a large refinancing deal demonstrates JLL's capabilities and could enhance its reputation in the market. This could potentially attract more clients and business opportunities, positively impacting its financial performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley Bank served as a lender in the $425 million refinancing deal for Miracle Mile Shops, which could contribute to its revenue.
As a lender in a significant refinancing deal, Morgan Stanley Bank could earn interest income, which would contribute to its revenue. This could have a positive impact on its financial performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50