Vornado Realty Trust & Trump Organization Refinance $950M Loan For Midtown Office Building
1290 Avenue of the Americas
Office
1,899,211 SF
1,899,211 SF
Summary
1290 Avenue of the Americas, located in Midtown, is an office property that recently underwent a loan refinance transaction. The property is jointly owned by Vornado Realty Trust and The Trump Organization.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $950,000,000
- Loan Type: Refinance
- Loan Terms: 7-year, interest only
The key individuals involved in this transaction include Donald Trump Jr., Ivanka Trump, Eric Trump, President Donald J. Trump, Steven Roth, and Haim Chera. The loan, amounting to $950,000,000, was a refinancing deal that allowed the property owners to modify the terms of the loan, specifically for a 7-year period with interest-only payments.
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1290 Avenue of the Americas
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