The Traderszone Network

Published in TZ Latest News 25 July, 2017 by The TZ Newswire Staff

Vornado lands $500M to refi 330 Madison Avenue

Vornado Realty Trust has scored a $500 million loan to refinance 330 Madison Avenue. It’s not yet clear who provided the financing, which replaces a $150 million mortgage from German bank Landesbank Baden Wurttemberg, Real Estate Weekly reported. After paying off the existing loan, Vornado — which owns 25 percent of the 39-story tower — will net $85 million. The loan matures in August 2024 and has a fixed rate of 3.475 percent. Last month, […]

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