Boston, April 1, 2005

Deutsche Bank Berkshire Mortgage provides $79 Million in Freddie Mac adjustable-rate mortgage financing for three properties


Deutsche Bank Berkshire Mortgage (DBBM) recently provided three Freddie Mac adjustable-rate mortgages totaling $79 million for the refinancing of three Mid-Atlantic properties located in New
Jersey, Maryland and Delaware. DBBM utilized Freddie Mac's seven-year adjustable-rate mortgage for these loans which were structured for Pantzer Properties, Inc.

DBBM provided three separate Freddie Mac adjustable-rate mortgages for Ramblewood Village Apartments, a 504-unit garden-style apartment complex located in Mt. Laurel, New Jersey; Foxfire Apartments, a 500-unit garden-style apartment complex located in Laurel, Maryland; and Top Of The
Hill Apartments, a 414-unit garden-style apartment complex located in Wilmington, Delaware.

 

 

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 part 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 DUST, 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, which are both indirect, wholly owned subsidiaries of Deutsche Bank AG.  In North Dakota, Texas and Wisconsin, origination activities are conducted under the name DB Berkshire Mortgage, Inc., and in Texas and Wisconsin, servicing activities are conducted under the name DB Mortgage Services, Inc.

 

 

About Deutsche Bank

Deutsche Bank is a European global powerhouse. With Euro 840 billion in assets and 65,400 employees, the bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank is dedicated to excellence, constantly challenging the status quo to deliver superior solutions to our clients.

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.

www.deutsche-bank.com




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