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Posted: July 14, 2010
Deutsche Bank Berkshire provides $86.9 million in refinancing for three props.
Deutsche Bank Berkshire Mortgage has provided RREEF, the alternative investment management division of Deutsche Asset Management, an $86.9 million Fannie Mae DUS loan to refinance a pool of three properties in Maryland. The financing was structured to be a 10-year interest-only loan and was funded 60% of value.
"The success of this transaction was tied to our strong overall GSE Investor relationship," said Steve Wendel, co-head of Deutsche Bank Berkshire Mortgage. "As the markets continue to improve, are able to provide competitive financing packages that best addressed our client's needs."
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