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Capmark Financial files for bankruptcy
As we predicted a while ago, Commercial Real estate market is the next shoe to fall. What impact if Capmark will have on the rest of the Commercial real estate business? We will find out soon.
LOS ANGELES (MarketWatch) — Capmark Financial Group Inc., one of the largest commercial real-estate lenders in the U.S., said Sunday that it and some of its subsidiaries have filed for bankruptcy protection.
http://www.marketwatch.com/story/capmark-financial-files-for-bankruptcy-2009-10-25
Posted: 10|25|09 at 10:24 pm. Filed under: Economy. Pinging is currently disabled.
October 31st, 2009 at 1:31 am
We’re starting to see more and more cases of non-residential properties causing a lot of problems for our clients. Problems as in ‘Cash Flow’ problems because they’re empty.
When this shoe hits it’s really going to hurt.