The Düsseldorfer Hypothekenbank AG, also known as DüssHyp, was a mortgage bank based in Düsseldorf that specializes in government and real estate financing.[2] (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 bonds via the capital market.[3]
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, USA (94%) and to LSF5 Riverside Ltd. & Co KG in Frankfurt, Germany (6%)[4]