HISTORY OF BERKADIA Berkadias history began in 1994, when GMAC Commercial Mortgage Corporation (GMACCM) was established as a separate

operating unit of the GMAC Mortgage Group. GMACCM grew to become one of the largest commercial real estate finance companies in the industry, with operations in the United States, Mexico, Canada, Europe and Asia. In March 2006, an investor group led by affiliates of Kohlberg, Kravis Roberts & Co. (KKR), Five Mile Capital Partners, LLC and Goldman Sachs Capital Partners completed the acquisition of a majority interest in GMAC Commercial Holding Corp. The company then changed its name to Capmark Financial Group Inc. (Capmark) and established a new executive team. In December 2009, Berkshire Hathaway and Leucadia National Corporation (LUK) formed Berkadia Commercial Mortgage in order to acquire Capmarks North American loan origination and servicing business, creating the company we operate today. Currently, Berkadia has more than 20 offices in the United States, an operation in India and approximately 900 employees.