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Vornado completes $600M loan secured by 220 Central Park South

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Vornado Realty Trust, with significant operations in Paramus, announced Monday it has completed a $600 million loan secured by its 220 Central Park South development site.

According to the announcement, the loan bears interest at LIBOR plus 2.75 percent and matures in 2016 with three one-year extension options.

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