SL Green Realty Corp. (SLG) and Vornado Realty Trust (VNO) closed on a modification and extension of the $1.075 billion securitized mortgage on 280 Park Avenue. The modification extended the maturity date to September 2026, with the partnership’s option to extend to a fully extended maturity date of September 2028. The interest rate was maintained through the fully extended maturity date at 1.78% over Term SOFR.
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