Vornado Realty Trust & Trump Organization Refinance $950M Loan For Midtown Office Building

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.