Deutsche Bank Berkshire Mortgage (DBBM) recently provided Ocelot Capital a $10m Fannie Mae loan for the acquisition of three multifamily properties in New York.Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank Berkshire Mortgage (DBBM) recently provided Ocelot ocelot (äs`əlŏt', ō`sə–), medium-sized cat, Felis pardalis, of Central and South America. It is occasionally found as far N as Texas. The ocelot has a yellow-brown coat with black spots, rings, and stripes. Capital a $10M Fannie Mae Fannie Mae: see Federal National Mortgage Association. loan for the acquisition of three multifamily properties in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The financing was structured to be a 10-year fixed rate loan, with three years of interest only payments followed by a 30-year amortization schedule and was funded to 80 percent of value. The average debt service coverage was below 120. All of the properties being financed are located in the Bronx, consisting of 621-622 and 623-624 Manida, a 112-unit, two building apartment complex; 1744 Clay, a six story, 42-unit apartment building; and 1663 Eastbum, a 42-unit apartment community. |
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