MIRVAC Real Estate Investment Trust has completed a successful refinancing of its $289 million Commercial Mortgage Backed Securities facility and its $303 million cash advance facility via a bank debt facility with Westpac.
“Given the poor sentiment in the overall credit market and associated pricing concerns, we used a bank debt facility provided by Westpac which will allow the trust to reassess its funding options during next year when it is more likely that credit markets will stabilise,” director Andrew Butler said.
Australian Property Journal
