Vornado Realty Trust refinances 350 Park Avenue for $300 million

Vornado Realty Trust has completed the $300 million refinancing of 350 Park Ave., a 558,000 s/f office building. The five-year loan bears interest at 3.75% and amortizes based on a 30-year schedule beginning in the 3rd year. The proceeds of the new loan and $132 million of existing cash were used to repay the existing loan and closing costs. Vornado Realty Trust is a fully integrated equity real estate investment trust.

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Meridian Capital Group arranges $29.65 million construction loan for single-family residential development

Plano, TX Meridian Capital Group has arranged $29.65 million in construction financing for the first phase of a single-family residential community located at 2601 East Parker Rd. The 80% loan-to-cost, non-recourse financing was provided by Arixa Capital and