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TROUBLED COMPANY REPORTER
CAPMARK FINANCIAL: Taps Loughlin as Restructuring Officer
December 1, 2009 - Capmark Financial Group Inc. and its units seek the Court's
authority to employ Loughlin Meghji + Company as their crisis
managers to provide management and restructuring services. The
Debtors also seek to designate Mohsin Y. Meghji as Chief
Restructuring Officer, nunc pro tunc to the Petition Date
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Capmark Financial Files For Bankruptcy
By Aleksandrs Rozens
November 2, 2009 - Capmark Financial Group filed for bankruptcy protection in Delaware, becoming the latest casualty of a credit crisis now in its third year.
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Capmark Financial's cases consolidated
October 27, 2009 - Private equity-backed commercial real estate financial services provider Capmark Financial Group Inc. has received approval to adminster its bankruptcy cases together.
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Capmark Increased Office, Hotel Loans as Zell Saw Top (Update2)
October 27, 2009 (Bloomberg) - Capmark Financial Group Inc., the lender that filed for bankruptcy this week, was making billions of dollars in property loans just as investor Sam Zell was exiting the U.S. office market in early 2007.
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Court Rejects Oct 31 Bid Deadline For Capmark Servicing Unit
October 28, 2009 WILMINGTON, Del. (Dow Jones)--Capmark Financial Group Inc. Tuesday was stymied in its drive to set an Oct. 31 deadline for bidders to step forward to challenge Berkadia, a joint venture of Berkshire Hathaway Inc. (BRKA, BRKB) and Leucadia National Corp. (LUK), for the right to buy its loan-servicing business.
RPT-Aussie commercial mortgage market readies for 2010 revival
October 28, 2009 - Australia's commercial mortgage-backed securities market is coming back to life after a two-year lull thanks to improving investor appetite and because banks are looking to to cut their exposure to property borrowers.
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Loan losses at Depression level
October 28, 2009 According to ratings agency Moody's US banks are writing off the same size loans (in proportion) as they did during the Great Depression. Another US$300 billion will be incurred by the end of next year.
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Property Lender Files for Chapter 11
October 27, 2009 A bankruptcy judge on Tuesday rejected plans by Capmark Financial Group Inc for a Saturday bid deadline for its mortgage servicing business, which it has proposed selling to Berkshire Hathaway Inc and Leucadia National Corp..
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Property Lender Files for Chapter 11
October 27, 2009 A proposal for the City of Milwaukee to lend $9.3 million for construction of the Moderne high-rise carries "significant risk" that commercial lenders are unwilling to take, according to a new report to be reviewed Tuesday by aldermen.
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Property Lender Files for Chapter 11
October 26, 2009 One of the nation's largest commercial-real-estate lenders filed for bankruptcy protection in Delaware, the latest sign that problems in that market are far from over.
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Capmark Files for Bankruptcy With $21 Billion in Debt (Update1)
October 26, 2009 Capmark Financial Group Inc., the lender owned by companies including Goldman Sachs Group Inc. and KKR & Co., filed for bankruptcy protection after posting a second-quarter loss of about $1.6 billion.
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Capmark, a Big Commercial Lender, Files for Bankruptcy
October 26, 2009 The Capmark Financial Group, the big commercial real estate finance company cobbled together from pieces of GMAC, filed for bankruptcy on Sunday after struggling with a heavy burden of failing loans and debt stemming from its leveraged buyout three years ago.
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Capmark Financial files for Chapter 11
October 26, 2009 Capmark Financial Group Inc., the lender owned by firms including Goldman Sachs Group Inc. and KKR & Co., filed for bankruptcy protection after posting a second-quarter loss of about $1.6 billion.
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Capmark Financial files for Chapter 11
October 25, 2009 Capmark Financial Group, one of the largest U.S. commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt, becoming the latest casualty in the still turbulent U.S. real estate market.
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