Capmark Negotiating Mortgage Unit Sale To Stave Bankruptcy
Capmark Negotiating Mortgage Unit Sale To Stave Bankruptcy
If the sale is completed outside of a bankruptcy proceeding, Capmark said it will receive $375m in cash, the joint venture will spend $40m to cover indemnity claims and up to $75m to cover losses in Capmark’s Fannie Mae (FNM: 1.64 …
Tags: fnm, joint venture, [...]