Term Sheet: The Fed’s rate pace; New York’s CMBS relief; InterVest and OZK’s Nashville duet

The Federal Reserve opts to hold interest rates steady while the impact of tariffs remains uncertain in the near term; New York City office buildings are still in the commercial mortgage-backed securities spotlight with key extensions and workouts; Nashville hits a financing high note with InterVest and OZK originating $235 million for a mixed-use project; and more in today’s Term Sheet, exclusively for our valued subscribers.