January 20, 2005

Deutsche Bank Berkshire Mortgage provides $ 14 million in FHA financing for Cypress Meadows Assisted Living Facility

Deutsche Bank Berkshire Mortgage (DBBM) recently provided a $14 million Federal Housing Administration (FHA) insured loan for the refinance of Cypress Meadows Assisted Living Facility, a 110-unit licensed facility located in Antioch, California. DBBM utilized FHA's 232(f) program for this loan, which allows for one-step processing under HUD's Multifamily Accelerated Processing (MAP) delivery system. FHA's 232(f) program provides loans for acquisition or refinance of health care facilities such as assisted living or skilled nursing homes. The loan was structured to be a 35-year self-amortizing, non-recourse financing and was funded to 85 percent of value.

Cypress Meadows Assisted Living Facility provides services and apartments to assisted living and Alzheimer's occupants. Amenities include laundry rooms, activity rooms, a beauty salon, outdoor patio, a nursing office and main and private dining rooms. The property is located across the street from a major hospital and there are a number of medical and dental offices in the neighborhood.

For further information, please call:

Puja Chugani
Media Relations, Deutsche Bank

Ted Meyer
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

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.