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DEUTSCHE BANK ARRANGES $185 MILLION LOAN FOR MULTIFAMILY PORTFOLIO

JACKSONVILLE, FLA. — Deutsche Bank arranged the financing for a $185 million Freddie Mac loan to BPG Properties, on behalf of its fund BPG Investment Partnership, for the acquisition of Boston Capital REIT, an 11-property multifamily portfolio. The properties include 300-unit Bay Pointe, 228-unit Savannah Oaks and 512-unit Spicewood Springs in Jacksonville; one complex in Salt Lake City, Utah; three complexes in Seattle; and two complexes in Portland, Ore. The financing was structured to be a 7-year fixed-rate plus one-year variable-rate financing.

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‣ Lee & Associates
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