Vornado JV refinances 61 Ninth Avenue with $161 million loan, matures March 2029

Vornado Realty Trust

Vornado Realty Trust

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  • Vornado Realty Trust 45.1%-owned joint venture refinanced 61 Ninth Avenue with a USD 161 million interest-only loan maturing March 2029, as fully extended.
  • Pricing set at SOFR + 3% for year one, SOFR + 3.35% for year two, SOFR + 3.85% for remainder of term.
  • Refinancing replaces prior USD 155 million loan priced at SOFR + 2.45% that was due to mature in November 2026.
  • Property totals 194,000 square feet; fully leased to Aetna, Starbucks.


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