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Vornado completes $390M financing at Manhattan high-rise

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The Paramus-based real estate investment trust Vornado announced Wednesday it has completed a $390 million financing of its retail condominium at 666 Fifth Ave., in New York.

Vornado, which acquired the property in December 2012, said in an announcement that the 10-year loan is interest-only at 3.61 percent. Net proceeds from the financing were approximately $387 million.

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