$75m Deutsche loan refinances 7 properties.Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank Berkshire Mortgage (DBBM) recently provided Wasatch Premier Properties a $76.5 million Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. loan to refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. a pool of seven properties. The loan was structured to be a 10-year fixed-rate plus one-year variable-rate financing and was funded to 65 percent of value over the term of the loan. Wasatch has the ability to substitute four of the seven properties provided that certain criteria are met. The pool consists of seven proprieties located in Arizona, California, Colorado and Utah. DBBM also recently provided a $14 million Freddie Mac loan for the refinancing Refinancing An extension and/or increase in amount of existing debt. of The Barclay House Apartments, a 111-unit highrise in Brookline, MA. The loan will be provided over a ten-year term and was funded to 56 Percent of value. |
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