Capmark Financial, the bankrupt commercial property lender, is selling its loan-servicing unit for $468 million, Bloomberg reports. Berkadia, the joint venture between Warren Buffett’s Berkshire Hathaway and Leucadia National, has increased its bid to $468 million from the previous $408 million.

Berkadia increased its offer by $25 million and converted a $75 million note to cash, adding $100 million in cash to the deal. Midland Loan Services, a unit of PNC Financial Services, was also interested in Capmark’s assets.

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