Commercial real estate lender Capmark seeks bankruptcy protection

10/26/2009 | Bloomberg ·

One of the biggest U.S. companies in commercial real estate finance, Capmark Financial Group, announced a second-quarter loss of roughly $1.6 billion and filed for Chapter 11 bankruptcy in Wilmington, Del. The action also covered 43 affiliates. "All of the businesses will be saved and continue with Capmark or will be sold as going concerns for full value," said Martin Bienenstock, a partner in the law firm that handled the bankruptcy filing.

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