Law360, New York (September 03, 2009) -- Capmark Financial Group Inc. has agreed to sell its servicing and mortgage banking business for $490 million to a joint entity of Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp., possibly through a Chapter 11 filing, to offset losses following the real estate market's collapse.
Capmark, a commercial real estate finance company, paid newly formed entity Berkadia III LLC $40 million in cash to enter the agreement Wednesday, the company said....
