- The loan for Vornado's (NYSE:VNO +0.7%) 220 Central Park South development is boosted to $950M from $600M. The interest rate is Libor plus 2%, and the maturity date is 2020.
- In connection with the upsizing, the standby commitment for a $500M mezz loan has been terminated, with Vornado paying a $15M termination fee.
- Source: Press Release
Vornado Realty upsizes development loan
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