debt

National and regional banks are expected to reduce commercial real estate lending, which opens the door for the private markets. 

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.

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.

The firm detailed in a report its Q2 outlook and long-term view of the commercial real market’s return focus.

A 25 basis point increase would be a rise in the Federal Funds target rate from its current level of 4.75-5% to 5-5.25%.