Photo: Ryan Parker / Unsplash. Miami city context; not the Omni Center or Genting’s waterfront site. Genting never got its Miami casino. It just got a $500 million loan instead. Genting Americas, the U.S. arm of Malaysian casino operator Genting Group, has secured $500 million to refinance the Omni Center near downtown Miami, according to Commercial Observer. Wells Fargo is acting as administrative agent for a group of lenders, per public mortgage records cited by Commercial Observer and The Real…
MarketMiami
Genting Never Got Its Miami Casino. Lenders Just Handed It $500 Million Anyway.
Genting secured a $500 million refinance for Miami’s Omni Center. What the financing means for the mixed-use asset and its neighboring waterfront land.
