MBA conference panel From left: Adam Luysterborghs, Mark Bahiri, Edward Lombardo, Sandy Herrick/photo by Betsy Kim

NEW YORK CITY—“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.

“I’m not sure how much more competition will enter into the space because of it,” Bahiri continued. “Rates have been so low for so long that people had to put money somewhere.”

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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