banks

The US hotel sector is largely defying expectations as the country emerges from the pandemic, but it continues to be a bifurcated market, Rob Murray writes

In the short-term, a resolution will bring benchmark Treasury yields down slightly, especially on the short-end of the curve.

PacWest attempts to add liquidity as regional banking turmoil persists.

The 10-year, fixed-rate financing, arranged by Walker & Dunlop, is interest only for its entire term.

The New York-based manager received a one-year extension, with an additional 12-month extension option.

The opportunity is driven in part by what is going on in the debt markets, with financing more difficult to line up for sponsors than in years past. 

However, some institutions believe equity deals still are more attractive than debt investments in multiple respects.

Higher interest rates could also stall efforts to refinance maturing debt.

Federal Reserve chair Jerome Powell also indicated a wait-and-see approach to future increases.  

Cities including New York, Los Angeles, Portland, Seattle, Pittsburgh and Washington, DC, have adopted strategies that will move them toward a carbon-neutral future.