DBBM SECURES $10 MILLION LOAN FOR MULTIFAMILY PROPERTY

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NORTHGLENN, COLO. — Deutsche Bank Berkshire Mortgage (DBBM) has secured a $10 million Fannie Mae loan for the refinancing of Thistle Sage Apartments in Northglenn. Built in 1971 and renovated in 1995, the 418-unit garden-style community features a picnic area, heated swimming pools, a playground and laundry facilities. The financing was structured to be a 10-year interest-only loan and was funded at 49 percent of value.

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