The commercial origination and servicing business of bankrupt Capmark Financial Group has been acquired by Berkadia Commercial Mortgage, a joint venture of Berkshire Hathaway and Leucadia National Corp.

The sale includes a commercial servicing portfolio of more than $240 billion. Michael I. Lipson, head of global services and loan originations, and a member Capmark's executive team since 1996, has been named president of Berkadia and will continue to lead the business.

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