Alexander’s, the department store chain-turned-REIT controlled by Vornado Realty Trust, secured a $253 million loan from Bank of China to refinance part of its giant Queens shopping center. The new loan covers half of the Rego Center shopping complex and replaces a previous Bank of China loan for the same amount, according to property records filed with the city on Friday. The interest-only mortgage has an interest rate of LIBOR plus 1.35 percent, 0.5 percentage […]
source https://therealdeal.com/2018/12/28/vornado-controlled-reit-refis-rego-park-mall-with-253m-loan/
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