HORSHAM, PA-Capmark Financial Group reported a net loss of $1.8 million for the first three months of 2013, 18 months after its exit from bankruptcy.

The commercial lender reported total assets of $2.2 billion, total liabilities of $1.3 billion, and stockholders' equity of $900 million as of March 31.

In its quarterly report, theHorsham-based company said:

• It garnered $180 million from the monetization of loan and REO assets and $12 million in net gains on loans, investments and real estate.
• Capmark Bank distributed $157 million to Capmark Financial Group. The company then disbursed $4.50 per share to stockholders.
• It paid out $68 million to creditors, including $21 million to Japanese lenders and $3 million to Crystal Ball Holdings of Bermuda Limited as per bankruptcy settlement agreements. It also disbursed $44 million from the disputed claims reserve.
• It recorded an unrealized gain of $14 million on company shares in a collateralized debt obligation, recorded on the balance sheet as of March 31. The Company received the funds when shares were redeemed after the end of the first quarter.
• It continued to reduce assets and operations, closing offices and employees. The company reduced staff from 90 to 70 in the first quarter and plans to cut another 15 positions by June 30. It also plans to close two of its remaining five offices by then.

Last month, Capmark saw its $147 million lawsuit against Goldman Sachs Group dismissed in U.S. District Court. Capmark has claimed it was improperly influenced by the bank to refinance $1.5 billion in unsecured debt in a way that benefited Goldman Sachs.