JPMorgan to Lead Refinancing of Trump-Backed Vornado Tower
This article is for subscribers only.
Vornado Realty Trust turned to JPMorgan Chase & Co. and other banks to refinance debt on a New York skyscraper it owns with former president Donald Trump.
The $950 million loan is for 1290 Avenue of the Americas, a 43-story tower located in Midtown Manhattan, according to a report from Kroll Bond Rating Agency. The transaction will be parceled into a commercial mortgage bond that may be announced as soon as next week.