Paramus-based Alexander’s Inc. announced Monday that it has completed a $300 million refinancing of the office portion of 731 Lexington Ave. in New York, N.Y.
According to the announcement, the interest-only loan is at LIBOR plus .95 percent, currently 1.10 percent, and matures in March 2017, with four one-year extension options. The proceeds of the new loan were used to repay the existing $312 million 5.33 percent fixed-rate loan and closing costs.
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