Vornado completes $350m refinancing of 909 Third Avenue

Vornado completes $350m refinancing of 909 Third Avenue

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.

READ ALSO : Vornado Realty Trust announces senior management changes

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