Capmark Financial reports net income of $46.9 million for August

By Lisa Kerner

Charlotte, N.C., Sept. 29 - Capmark Financial Group Inc. reported net income of $46.9 million in August on net revenue of $26.7 million, according to the company's monthly operating report filed Sept. 29 in the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to a net loss of $5.5 million and negative net revenue of $18.02 million in July.

The company reported cash and cash equivalents of $1.4 billion as of Aug. 31, the same as at the end of July.

Capmark Financial, a commercial real estate finance company based in Horsham, Pa., filed for bankruptcy on Oct. 25, 2009. Its Chapter 11 case number is 09-13684.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.