Boston, January 7, 2005

Deutsche Bank Berkshire Mortgage provides $5.5 million in fixed rate


Deutsche Bank Berkshire Mortgage and Deutsche Bank Mortgage Capital combine for first Conduit transaction
Deutsche Bank Berkshire Mortgage (DBBM) recently provided a $5.5 million fixed-rate loan through Deutsche Bank Mortgage Capital (DBMC) for the refinance of the Towne Center Apartments. The loan
was the first conduit transaction for the combined Deutsche Bank Berkshire Mortgage. The Towne Center Apartments is an 80-unit, age-restricted, garden-style apartment complex located in Avon Lake, Ohio. The ten-year term loan was structured with 30-year amortization and represented 80% of
value.

"This deal illustrates the new financing tools available to Deutsche Bank Berkshire Mortgage clients," said Peter Donovan, Head of DBBM.  "Our expanded financial strength and structuring expertise enables us to better serve our customers."

Town Center Apartments property is a part of the Towne Center Community Campus, which offers various lifestyle options for retirement living. Town Center Apartments property amenities include an indoor in-ground swimming pool, a fitness center, a community room, 62 detached garages and a library, chapel and ballroom.

 

 

For further information, please call:

Puja Chugani                   
001 212-250-5602
Media Relations, Deutsche Bank

Ted Meyer                      
001 212-250-7253
Media Relations, Deutsche Bank

 

 


About Deutsche Bank Berkshire Mortgage

Deutsche Bank Berkshire Mortgage (DBBM) is a member of Deutsche Bank's Global Commercial Real Estate group that specializes in financing for multifamily properties and provides a range of services, including Fannie Mae DUS?, Freddie Mac Program Plus®, and FHA Mortgage Insurance. DBBM
services a portfolio in excess of $18 billion with more than 2,000 properties located in 48 states and the District of Columbia. DBBM includes Deutsche Bank Berkshire Mortgage, Inc., its origination and
underwriting arm, and Deutsche Bank Mortgage Services, Inc., its servicing and asset management arm.

 

About Deutsche Bank

With roughly Euro 845 billion in assets and approximately 65,400 employees, Deutsche Bank <NYSE: DB> offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.




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