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.

Tags: Finance

Reprint

Previous Story Next Story

Cohen of Leviathan Capital arranges $19.5 million permanent loan for 82-unit Astoria building

Queens, NY Yaniv Cohen of Leviathan Capital arranged a $19.5 million permanent loan for a fully amenitized luxury building, from a private bank, beating both CMBS

Arrow arranges $13.25m CMBS financing for multifamily community

Cohen of Leviathan Capital closes $9.5 million construction loan for 11-unit condo development

Cohen of Leviathan Capital closes $9.5m const. loan

CBRE arranges $12 million acquisition loan for mixed-use property at 680 Fulton St. in Fort Greene

CBRE arranges $12m acquisition loan for 680 Fulton St.

Arrow Real Estate Advisors arranges $13 million refinancing for Talo38

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f