Boston and Walnut Creek, California, January 10, 2005

Deutsche Bank Berkshire Mortgage provides $ 9.12 million in FHA financing for Kenyon Pointe Apartments


Deutsche Bank Berkshire Mortgage (DBBM) recently provided a $9.12 million Federal Housing Administration (FHA) insured loan for the refinance of Kenyon Pointe Apartments, a 71-unit, garden-style apartment complex located in Tustin, California. DBBM utilized FHA's 223(f) program for this loan, which allows for one-step processing under HUD's Multifamily Accelerated Processing (MAP) delivery system. The loan was structured to be a 35-year self-amortizing, non-recourse financing and was funded to 80 percent of
value.

Kenyon Pointe Apartments property amenities include carports, garages and a laundry room. Prior to loan closing, significant renovations were made that included remodeled kitchens, bathrooms and landscaping.

 

For further information, please call:

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


Ted Meyer                      
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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