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Vornado arranges $130M loan for Puerto Rico mall

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    Paramus-based real estate investment trust Vornado Realty Trust has completed a $130 million financing for a mall in Puerto Rico.

    Las Catalinas is a 494,000-square-foot mall located in Caguas, Puerto Rico, in the San Juan area. 

    The loan for the property bears interest at 4.43 percent and amortizes based on a 30-year schedule beginning in the sixth year.

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    Emily Bader

    Emily Bader

    Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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