3rd Biggest Commercial Servicer Sold
Posted on November 26, 2009
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Capmark Financial Group Inc. anounced that it received bankruptcy court approval to complete the sale of its North American servicing and mortgage banking businesses. Capmark filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code last month. Capmark subsidiary Capmark Finance Inc. was ranked as the third biggest commercial mortgage servicer in the second quarter by the Mortgage Bankers Association.
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