Capmark Financial Group Inc. Further Extends Bridge Loan Maturity and Obtains Waivers of Certain Financial Covenants in its Bridge Loan and Senior Credit Facility

HORSHAM, Pa.--(Business Wire)--
Capmark Financial Group Inc. ("Capmark") today announced that it has further
extended the maturity date of approximately 94% of the outstanding principal
balance under its bridge loan until May 8, 2009. Additionally, the required
lenders under Capmark`s senior credit facility and its bridge loan agreement
have agreed to waive its compliance with the leverage ratio covenant as of the
quarters ended December 31, 2008 and March 31, 2009 and the requirement to
deliver its annual audited financial statements within 110 days after year end.
These waivers are effective through May 8, 2009. Capmark paid the extending
bridge lenders and the waiving senior credit facility lenders a fee of 0.05% of
the aggregate principal amount of such lenders` outstanding loans.

Capmark continues to be in active discussions with its lenders regarding
possible further modifications to its senior credit facility and its bridge loan
agreement. Capmark currently expects to issue its audited financial statements
prior to the conclusion of the discussions with its lenders. If Capmark issues
its audited financial statements before the conclusion of those discussions,
Capmark expects that the report of its independent registered accounting firm
with respect to such financial statements would include an explanatory paragraph
expressing substantial doubt about Capmark`s ability to continue as a going
concern.

There is no assurance that Capmark will reach an agreement with the lenders with
respect to any further modification, extension or waiver of any provisions of
the senior credit facility and bridge loan agreement beyond the expiration of
the above-referenced extension and waivers on May 8, 2009.

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.

Media:
Joyce Patterson, 215-328-3842
Joyce.Patterson@capmark.com
or
Investor Relations:
Bob Sullivan, 215-328-1329
Investor.relations@capmark.com

Copyright Business Wire 2009