The wealth manager said that the marketing of the portfolios was done by Eastdil Secured and Houlihan Lokey worked as an advisor to CFGI for the current deal.
Capmark Bank has the ownership of almost 97% of the aggregate portfolio, while and the remainder is owned by Capmark Finance.
The deal is expected to complete by the end of the second quarter of current fiscal, after obtaining concerned regulatory approvals, which is also a subject to customary closing conditions.
CFGI CEO said William C Gallagher said, ""We are pleased to have reached agreement on this transaction, which is consistent with our strategy of monetizing assets in an orderly manner at prices consistent with market value."
Capmark, a real estate finance company is principally focused on the management of its commercial real estate-related assets and businesses with a view to maximizing their value, operating mainly in North America.
