Capmark Financial Group Inc. Further Extends Bridge Loan Maturity

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Tue Mar 24, 2009 3:47pm EDT

HORSHAM, Pa.--(Business Wire)--
Capmark Financial Group Inc. ("Capmark") today announced that it has agreed with
the holders of approximately 94% of the outstanding principal balance under its
bridge loan agreement to further extend the maturity date of the bridge loan
until April 9, 2009. Capmark paid the lenders a fee in connection with the
extension of 0.25% of the extended amount. One holder of $48 million principal
amount of the bridge loan has not agreed to an extension and has demanded
payment of all amounts due to such holder. 

Capmark continues to be in active discussions with its lenders regarding
possible further modifications to its senior credit facility and its bridge loan
agreement. There is no assurance that Capmark will be able to reach an agreement
with its lenders regarding further modifications to its bridge loan or senior
credit facility. 

About Capmark:

Capmark is a diversified company that provides a broad range of financial
services to investors in commercial real estate-related assets. Capmark has
three core businesses: lending and mortgage banking, investments and funds
management, and servicing. Capmark operates in North America, Europe and Asia. 

Forward-Looking Statements

Certain statements in this release may constitute forward-looking statements.
These statements are based on management`s current expectations and beliefs but
are subject to a number of factors and uncertainties that could cause actual
results to differ materially from those described in the forward-looking
statements. These risks and uncertainties include, among others, the ability of
Capmark to obtain modifications under its debt agreements, adverse changes in
debt and capital markets conditions, which may adversely impact Capmark`s access
to capital on acceptable terms or the value or salability of our real estate
related investments; interest rate and credit spread fluctuations; adverse
changes in commercial real estate markets; changes in general economic and
business conditions, which will, among other things, affect the amount Capmark
may earn on products and services and the availability and credit worthiness of
its customers; changes in applicable laws and regulations; risks posed by
competition; currency risks and other risks associated with international
markets. 

Such forward-looking statements are made only as of the date of this release.
Capmark expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements contained herein to
reflect any change in the Capmark`s expectations with regard thereto or changes
in events, conditions, or circumstances on which any such statement is based. 



Capmark Financial Group Inc.
Media Contact:
Joyce Patterson
215-328-3842
Joyce.Patterson@capmark.com
or
Investor Relations Contact:
Bob Sullivan
215-328-1329
Investor.relations@capmark.com




Copyright Business Wire 2009

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