by Calculated Risk on 10/24/2009 02:41:00 PM

This has been coming for some time ...

From the NY Times Dealbook: Capmark, Big Commercial Lender, May File for Bankruptcy

The Capmark Financial Group, the big commercial real estate finance company cobbled together from pieces of GMAC, may file for bankruptcy as soon as this weekend ... The company is only the latest to fall victim to continued trouble in the commercial real estate market ... Capmark has about $10 billion in assets, with another $10 billion in a Utah bank the company owns that would not be subject to a bankruptcy filing.

Capmark bank in Utah is in trouble too, and is the fifth largest bank (in assets) on the unofficial problem bank list.

From a Capmark press release in September:

The FDIC has notified Capmark Bank that it intends to issue an administrative order, which will impose certain requirements and restrictions on Capmark Bank, including requiring submission of capital and liquidity plans, restrictions on affiliated party transactions and other activities.