Capmark Suffers $800M Loss in Q4, Could Default on Debt

Capmark, the GMAC Spin-off, has reported that losses will be $800M for the 4th quarter of ’08 and warned that losses could grow. They tapped out virtually all their credit and could soon default on some of their debt.

They, like everyone else in the financial sector, are in negotiations with creditors to restructure their loans…

 

Apply for a commercial mortgage loan; online.

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2 Responses to “Capmark Suffers $800M Loss in Q4, Could Default on Debt”

  1. Mike Says:

    Just passing by.Btw, your website have great content!

  2. Commercial Mortgage Loans Says:

    that is scary stuff.

    despite all the carnagie we are starting to see “bits” of hope with some owner occuid commercial mortgages. For example this week 2 major sba lenders came back into the market. That was some of the best news we received in a long time

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