In Wednesday commercial real estate news – we’ll give you a look at how higher interest rates will winnow competition in alternative lending, the shortage of affordable housing in the U.S., the 10 must reads in CRE, and so much more.
“The biggest challenge today that we haven’t had over the past nine years is the rising interest rate environment,” said Mark Bahiri, managing partner and co-founder of Emerald Creek Capital. He was one of the panelists at the Mortgage Bankers Association of New York Real Estate and Investment Summit, co-hosted with the Fordham Real Estate Institute on Tuesday. In the session on alternative lending, the panelists noted how their businesses would benefit with rising interest rates.
Catch up on the latest in CRE today!
People who live in luxury, class-A apartments can often afford to pay more for their housing, but many property managers don’t dare hike the rents. That’s because residents often have lots of choices when it comes to where they could live, thanks to all the new class-A product now opening across the country.
Results from the global Investment Intentions Survey 2018 co-published by PREA show that 56 percent of global investors plan to increase their exposure to real estate over the next 24 months.