Macau Property Opportunities announced on Monday that it had secured a US$28.4 million (MOP227 million) loan for the development of the residential project in Macau The Fountainside. According to information from Alliance News, the fund managed by Sniper Capital generated US$15.5 million (MOP123.9 million) with this refinancing deal after repaying US$12.9 million (MOP103.1 million) of an existing loan. The fund said its cash balance after the refinancing will increase to about US$22 million (MOP175.8 million). The Fountainside – totalling an investment of US$23 million (MOP183.8 million) – is in its final sales phase.
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