Comments on: Commercial real estate death watch – Capmark http://blogs.reuters.com/commentaries/2009/10/13/commercial-real-estate-death-watch-capmark/ Now raising intellectual capital Sun, 08 Nov 2015 08:31:30 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: John Ryskamp http://blogs.reuters.com/commentaries/2009/10/13/commercial-real-estate-death-watch-capmark/comment-page-1/#comment-5828 Tue, 13 Oct 2009 19:51:00 +0000 http://blogs.reuters.com/commentaries/?p=5028#comment-5828 Note the below. For this reason, we will soon hear about “systemic risk” if commercial real estate is allowed to fall apart. Thus, a new “stimulus” bill is on the way: about $2 trillion, in February 2010. Obama and his gang of criminals are not about ready to let this go on. When will Fitzgerald remove this insect as part of the Rezko investigation. We all know he took kickbacks for the 2003 Health Facilities Planning Board legislation he carried. It’s all over the internet. So what’s the problem getting the 18 USC 1346 complaint filed. Paddy Fitz, are you working for General Med? Is your “handler” Auchi? Please let us know ASAP you dog!

“Those that swooped in and bought the unit in March of 2006 in an LBO may be out of luck if the company files for bankruptcy.

Kohlberg Kravis Roberts & Co KKR.UL, Goldman Sachs Group (GS.N) and Five Mile Capital, which bought Capmark in March 2006 for $1.5 billion in cash plus more than $7 billion in debt at the peak of the housing market, will not receive payment through the bankruptcy.

The source said the company will belong to its creditor group, which is made up of more than 50 banks and more than 50 hedge funds among others. The lead banks are Citigroup’s (C.N) Citibank and JPMorgan Chase (JPM.N).”

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