GMAC ie: Capmark Financial Group REO Properties
This is the Capmark Financial Group and partially owned by General Motors. On March 23rd 2006 a private equity consortium including KKR, Goldman Sachs Capital, and Five Mile Capital purchased $8.8 billion, or 78% of GMAC, GM’s commercial mortgage arm. The new entity, in which GMAC will own a 21% stake, will be known as Capmark Financial Group.
Their REO database search is very basic. Interesting, at the time of this writing we did not find in listings in the “West Coast” region. We did however find residential and commercial properties listed, even one on a golf course. Most of the listings are of high value that is shown in there 7 figure prices or a “contact broker” message.
The listings have a decent amount of information and with nice photos. They have even map linked them to find out the area they are located in.
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