Düsseldorfer Hypothekenbank
The Düsseldorfer Hypothekenbank AG, also known as DüssHyp, is a mortgage bank based in Düsseldorf that specializes in government and real estate financing. (Until the mortgage bank law was abrogated, this term referred to a private law credit institution granting long-term loans secured by mortgages and loans to public authorities.) Refinancing takes place through issuing Covered bond, bonds via the capital market. The bank specializes in commercial real estate financing. It only engages in direct business to a limited extent; the focus is on syndicate business. History The institute was founded by the entrepreneur :de:Wolfgang Schuppli . As a consequence of the 2008 financial crisis, it was necessary for the deposit guarantee fund (:de:Einlagensicherungsfonds) of the Federal Association of German Banks (BdB) to take over the shares in 2008. It sold them in 2010 to LSF5 German Investments II, L.P. in Delaware, United States, USA (94%) and to LSF5 Riverside Ltd. & Co KG in Fr ...
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