The interest only, non–recourse loan carries a fixed rate of 6.90% and matures in May 2030. After transaction costs and reserves, $407 million of the net proceeds from the financing were used to ...

a 5-year loan term, and a 30-year amortization schedule with 2 years of interest only. The non-recourse loan closed on March 12, 2025. The CMBS loan was funded by a large New York based investment ...

Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a $450 million financing of 1535 Broadway, a premier Times Square retail destination with ...