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Capmark Negotiating Mortgage Unit Sale to Stave Bankruptcy HW+

Sep 03, 2009By

Capmark Financial Group said it is taking steps to restructure its businesses, including commercial real estate financing and servicing, to avoid a potential Chapter 11 bankruptcy filing. After losing $1.6bn in Q209, Capmark acknowledged “the outcomes of such restructuring may include reorganization under chapter 11 of the US Bankruptcy Code.”

3d rendering of a row of luxury townhouses along a street

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