Mon. October 19, 2009; Posted: 01:04 PM
Oct 19, 2009 (Datamonitor via COMTEX) -- PAMVF | Quote | Chart | News | PowerRating -- US-based real estate company Capmark Financial Group plans to sell its Japanese loan servicing business, called Premier Asset Management, to Sandringham Capital Partners, a British fund management firm, as it prepares to file for bankruptcy, reported Reuters.
Premier Asset Management employs 31 people and has JPY1.7 trillion in assets, including commercial mortgage-backed securities.
Previously, Capmark agreed to sell its US mortgage loan and servicing business to Warren Buffett promoted Berkshire Hathaway and Leucadia National for $490 million, according to the news source.
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