A few numbers about capmark:

Sources:
http://www.capmark.com/CAPMARK/uploadedFiles/About_Us/Investor_Relations/Current%20Report%2010-23-09.pdf
http://www.capmark.com/CAPMARK/uploadedFiles/About_Us/Investor_Relations/Capmark%20Quarterly%20Report%20063009%20FINAL.pdf

The company has about $21B in assets, roughly half of it (around $11B) is Capmark Bank, which will not be the part of the filing according the article.

On the other hand, if you read the report posted 2 days ago (1st link) you will see Nonperfoming assets are at 11.6% (up from 9.6%/Q2Q2 and 3.5%/08Q4)

But, what really scares me, is the following:
NPA rates at offices: 22.6%

What kind of recovery is where almost 1 out of 4 office related loans are not paid?

Reading this report, it’s hard to believe CIT group can survive.

- Roka

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