Yearly Archives: 2008

GERSON LAW FIRM APC Closes Books On 2008 With Loan Closings

GERSON LAW FIRM APC represented a Fannie Mae DUS lender and a Freddie Mac Program Plus lender closing six multifamily loans throughout California, Texas and Utah during December 2008, for more than $35,000,000. During a year in which capital markets shut down on commercial lending, Fannie Mae, Freddie Mac and...
Read more

GERSON LAW FIRM APC Approved as Counsel by FDIC

GERSON LAW FIRM APC has entered a legal services agreement with the FDIC effective as of December 1, 2008. The legal services agreement is not an engagement for specific services, but allows GLF to be considered by the FDIC when there is a need for outside counsel. Gordon L. Gerson...
Read more

Loan Recovery Needs Met by GERSON LAW FIRM APC

GERSON LAW FIRM APC whose presence and growth was spurred in the 1990′s by representation of the Resolution Trust Corporation, and later by institutional and non-institutional purchasers of RTC loan portfolios, is prepared to meet the needs of both institutional and non-institutional lenders in loan recovery strategies. Given the dynamics...
Read more

Freddie Mac Mulitifamily Finance Moving Forward/Upward

Gordon L. Gerson was among 300 lenders and attorneys invited to Washington, DC to attend Freddie Mac’s Sellers/Servicer Conference on September 24-25. Although the conference took place during the week of the first vote on the government’s $700 billion bailout, the conference was decidedly update upon the lending programs of...
Read more

Following the Money

GERSON LAW FIRM APC represented lenders closing 6 multifamily loans during the last week of May and first week of June 2008. Loans closed were under Fannie Mae’s DUS lending program, and Freddie Mac’s Program Plus lending program. Loans were closed on properties in California, Utah, Washington and Nevada, and...
Read more

$83,335,000 Apartment Transaction Inked by GLF

GERSON LAW FIRM APC represented a non-institutional buyer in the largest apartment transaction closed in San Diego County in 2008. The Missions at Rio Vista located in Mission Valley includes 466 units, and although converted to condominiums, only 155 units have been sold. New ownership intends to operate the complex...
Read more

Economy Flounders but Spring Flowers at GLF

Among daily reports of uncertainties in the financial markets accompanied by stock markets spikes up and down, recession vs. no recession debates, and the world witnessing the modern era equivalent of a run on the bank at Bear Stearns, GERSON LAW FIRM APC had a robust first ten days of...
Read more

McLoan at Ronald McDonald House

GERSON LAW FIRM APC during the second week of March 2008, represented North Island Credit Union in closing a $17,940,000.00 construction loan to Ronald McDonald House Charities of San Diego, Inc. The newly constructed Ronald McDonald House when completed, will be a residential facility to provide “strength and stability for...
Read more

Loans Leap High On Leap Year’s Extra Day

GERSON LAW FIRM APC closed a high volume of Fannie Mae Multifamily loans during February 2008, including eight closings on February 29. Fannie Mae DUS multifamily loans were closed throughout California, Washington and Utah for institutional and non-institutional clients licensed to close Fannie Mae Multifamily loans. During February 2008, Gordon...
Read more