Deutsche Bank and Pinnacle Financial launch new companyMortgagePress.comMortgage mergers, Deutsche Bank, Pinnacle Financial
Deutsche Bank Securities Inc. has entered into a joint venture
with Pinnacle Financial Corporation to form Pinnacle Commercial
Mortgage LLC, an originator of multi-family, commercial and
mixed-use alt-A, small-balance mortgage loans. "Through this joint
venture, Deutsche Bank and its residential mortgage-backed
securities business will continue its expansion in U.S. mortgages
and enhance the bank's securitization capabilities," said Phil
Weingord, managing director and head of Deutsche Bank's Global
Markets Americas unit. "This partnership demonstrates our continued
commitment to providing new and innovative products for our clients
in the mortgage space."
Deutsche Bank Securities Inc. is a global investment bank with
its U.S. corporate headquarters in New York. For more information,
call (212) 250-2500 or visit www.db.com.
Pinnacle Financial Corporation is a mortgage lender based in
Orlando. For more information, call (800) 421-5626 or visit www.pinnaclefinancial.com.
Pinnacle Commercial Mortgage LLC is an alt-A, small-balance
mortgage originator based in Orlando. For more information, call
(877) 726-9433 or visit www.pcmnationwide.com.