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Vornado scores $100M loan to refinance LIC office building

Vornado scores $100M loan to refinance LIC office building

Vornado Realty Trust landed a $100 million loan to refinance the Center Building in Long Island City. Mitsubishi UFJ Financial Group, a Tokyo-based lender with a New York office at 230 Park Avenue, provided the financing for 33-00 Northern Boulevard, according to documents filed with the city’s Department of Finance on Thursday. The seven-year loan is interest only for the first five years and includes principal amortization of $1.8 million each year starting in the […]


Source: realdeal

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