Random Feed wrote an interesting post today on
Here’s a quick excerpt
Capmark Financial Group, one of the nation’s largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt. Capmark has been hurt by rising losses on mortgage loans. In its filing Sunday in Delaware bankruptcy court , the company listed total debt of $21 billion and assets of $20.1 billion. Last month, the Horsham, Pa.-based company posted a $1.6 billion quarterly loss , as it set aside $345.8 million to cover loan losses during the quarter ended June 3
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Tags: 1 Billion, Assets, Bad Debt, Bankruptcy Protection, Capmark, Commercial Real Estate, Delaware Bankruptcy Court, Estate Lenders, Excerpt, Financial Group, Horsham Pa, June 3, Loan Losses, Mortgage Loans, Quarter Ended June, Quarterly Loss, Random, Social Bookmarking Sites, Web Pages
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