UPDATE 1-Capmark servicing unit draws "significant" new bid
* Lawyer for Capmark says tops bid by Berkshire/Leucadia
* Says bids have differences
* New bidder would not buy entire business
* Could lead to Nov. 23 auction
By Tom Hals
WILMINGTON, Del., Nov 4 (Reuters) - A unit of Capmark Financial Group Inc [CPFNG.UL] has received a bid that "significantly" tops one by a Berkshire Hathaway Inc venture, an attorney for the bankrupt commercial property lender said on Wednesday.
Capmark filed for bankruptcy last month with a plan to sell its mortgage and loan servicing portfolio, which it says is one of the world's largest, to a venture of Berkshire Hathaway (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research) and Leucadia National Corp (LUK.N: Quote, Profile, Research).
The venture, known as Berkadia, provided an initial bid of $490 million.
Michael Kessler of Dewey & LeBoeuf, which is representing Capmark, told a bankruptcy court hearing that a strategic buyer has emerged, prompting the company to move ahead with plans for an auction. Continued...
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