Bankruptcy For Capmark - Is This The Start of The Collaspe of The Commercial Mortgage Industry?

October 25, 2009
By Divina K. Westerfield on October 25, 2009 6:27 PM |

Bankruptcy seemed to be the inevitable solution to Capmark's large investment in commercial real estate mortgages. Capmark listed more than $20 Billion in assets and more than $21 Billion in liabilities. While in Bankruptcy, Capmark will finalize its existing deal with Berkshire Hathaway (think: Warren Buffet) to purchase its commercial loan servicing and mortgage business [talk about a significant note purchase!] for $490 Million.

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