DBBM provides $14 million in FHA financing.

Position:Commercial - DEUTSCHE BANK BERKSHIRE MORTGAGE - Federal Housing Administration - Brief Article
 
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DEUTSCHE BANK BERKSHIRE MORTGAGE (DBBM), Boston, has provided a $14 million Federal Housing Administration-insured (FHA-insured) loan for the refinance of Cypress Meadows Assisted Living Facility, a 110-unit licensed facility in Antioch, California.

DBBM used FHA's 232(f) program for the loan, which allows for one-step processing under HUD's Multifamily Accelerated Processing (MAP) delivery system. FHA's 232(f) program provides loans for acquisition or refinance of health-care facilities such as assisted-living or skilled nursing homes. The loan was...

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