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Capmark Financial Group Inc. ( CPFNG ), one of the key commercial real-estate lenders in the U.S., along with some of its subsidiaries has filed Chapter 11 protection. The filing adds to the lingering concern that the commercial real-estate market is still struggling. The company seeks to be allowed to continue to pay its vendors and salaries, and protect the businesses with its customers and partners. Capmark was created in March 2006 through a leveraged buyout of the commercial real est

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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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Capmark Financial files for bankruptcy protection CHICAGO ? 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 [...]

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WSJ - MIKE SPECTOR Capmark Financial Group Inc., one of the nation’s largest commercial-real-estate lenders, plans to file for bankruptcy as soon as this weekend, a person familiar with the situation said. The much-expected move underscores the deep problems in the business-property market. After suffering from the collapse in residential mortgages, U.S. banks face steep losses from commercial real-estate loans. Capmark has originated more than $10 billion in commercial real-estate loans, acc

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A sign that the commercial real estate (CRE) market continues to cause headaches comes this weekend in the form of news of Capmark Financial’s imminent demise. Capmark is one of America’s largest commercial property lenders with about $10 billion in assets. The New York Times’ Dealbook reports : The Capmark Financial Group, the big commercial real estate finance company cobbled together from pieces of GMAC, may file for bankruptcy as soon as this weekend, a person briefed on the matter tol

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Yeah…sadly, this move was expected . The question is, when do the other dominoes start falling? Capmark Financial Group Inc., one of the nation’s largest commercial-real-estate lenders, plans to file for bankruptcy as soon as this weekend, a person familiar with the situation said. The much-expected move underscores the deep problems in the business-property market. After suffering from the collapse in residential mortgages, U.S. banks face steep losses from commercial real-estate loans

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Random Feed wrote an interesting post today on
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The Capmark Financial Group, the big commercial real estate finance company cobbled together from pieces of GMAC, may file for bankruptcy as soon as this weekend, a person briefed on the matter told DealBook on Saturday.If that happens, the move would be unsurprising: Capmark warned last month that it might seek Chapter 11 protection after it reported a $1.62 billion quarterly loss. Last month, the company agreed to sell its mortgage loan and servicing business to Warren E. Buffett’s Berkshire H

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