McKinsey: property financing is unprofitable

By A staff reporter 2009-09-03T00:00:00

The commercial real estate (CRE) financing industry is fundamentally unprofitable. That is the grim conclusion of a confidential report obtained by PropertyEU. It gets worse: even in the 'golden years' of 2006-07, the industry as a whole does not return its cost of capital, let alone over the business cycle. ...

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