Capmark's lenders demand collateral to relax terms

03/23/2009 | Bloomberg · Reuters

Two of Capmark Financial Group's lenders, JPMorgan Chase and Deutsche Bank, are demanding that Capmark pledge commercial mortgage assets in return for easing the terms of the firm's debt and reducing the chances of a default. An analyst at Fitch Ratings, Christopher Wolfe, said Capmark is in danger of being in default if it doesn't get an amendment or waiver from the banks.

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Bloomberg · Reuters

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