Vornado Realty Trust, a fully-integrated equity real estate investment trust, has completed a $350 million refinancing of 909 Third Avenue, a 1.4 million square foot Manhattan office building.
The interest only loan bears a fixed rate of 3.23% and matures in April 2031.
Vornado said the loan replaces the previous $350 million loan that bore interest at a fixed rate of 3.91% and was scheduled to mature in May 2021.
