Deutsche Bank Berkshire Mortgage, formerly a subsidiary of Deutsche Bank, has been sold to Ranieri Real Estate Partners LP and private equity funds affiliated with WL Ross & Co.

Ranieri is a New York-based real estate financial services company, and WL Ross is a New York investment firm.

Effective immediately, the company has been renamed Berkeley Point Capital. Jeffrey Day, who was CEO of Deutsch Bank Berkshire Mortgage and is an 11-year veteran with the company, will serve as Berkeley Point’s chief executive.

Berkeley Point originates multifamily loans for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). It is the second largest originator of Fannie Mae loans, and services a $29 billion multi-family loan portfolio. Founded in 1988, Berkeley Point has 175 employees and operates out of three primary offices: Boston; Bethesda, Md.; and Irvine, Calif. The company has additional offices in Dallas, Los Angeles, Nashville and Seattle.

Deutsche Bank Berkshire Mortgage Sold, Renamed Berkeley Point Capital

by Banker & Tradesman time to read: 1 min
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