trending Market Intelligence /marketintelligence/en/news-insights/trending/m5o8t0vlnckr1dilxt0gaq2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Vornado Realty refinances Manhattan, NY, retail property with $120M loan

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Academia


Vornado Realty refinances Manhattan, NY, retail property with $120M loan

Vornado Realty Trust refinanced its 206,000-square-foot retail building at 4 Union Square South in Manhattan, N.Y., with a $120 million interest-only loan.

The loan is due in 2025, as extended, and bears an interest rate equal to the London Interbank Offered Rate plus 1.40%.

The fully integrated equity real estate investment trust said the loan replaces $113 million of debt that was due to mature in 2019 and carried interest at LIBOR plus 2.15%.