commercial loan news

October 13, 2009

Capmark Example of Commercial Real Estate Troubles

Capmark Financial Group Inc will likely become one of the largest commercial real estate lenders to fail, highlighting the challenges facing the deteriorating market for retail and office buildings.

A source told Reuters on Monday that Capmark would file for bankruptcy as soon as next week, with about $10 billion in assets.

Restructuring specialists said Capmark's troubles are a symptom of of the wider collapse in commercial real estate values and a signal of tougher times ahead for lenders and developers.

Read full story at Reuters »

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