trending Market Intelligence /marketintelligence/en/news-insights/trending/K9tk_VWNBbm480ijcJ1D7g2 content esgSubNav
In This List

Alexander's refinances $500M loan on NYC property

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


Alexander's refinances $500M loan on NYC property

Alexander's Inc. closed on a $500 million refinancing of the office portion of its property at 731 Lexington Ave. in New York City.

The loan bears an interest rate equal to the London Interbank Offered Rate plus 0.90%, currently 1.95%, and is set to expire in June 2024, as extended.

Following the repayment of the existing $300 million mortgage and closing costs, the company realized net proceeds of roughly $188 million.