Yearly Archives: 2013

FREDDIE EARNS $30.5B IN 3Q; REPAYING BAILOUT

WASHINGTON (AP) — Freddie Mac posted net income of $30.5 billion from July through September, its eighth straight profitable quarter. Freddie will have repaid its full government bailout after paying its third-quarter dividend. Freddie said Thursday Its third-quarter profit was boosted by an accounting move that allowed the government-controlled mortgage...
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GERSON LAW FIRM LAWYER RUNS NEW YORK MARATHON

Jana Beck, an attorney of GERSON LAW FORM APC ran the 2013 edition of the New York Marathon. The New York Marathon is among the pre-eminent long-distance annual running events in the United States and is one of the World Marathon Majors. It is held on the first Sunday of...
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FED MUST HAVE ROLE IN MF HOUSING

Published October 25, 2013 on Globe St. SAN DIEGO-Experts argue that the GSEs are needed since they play such a significant role in multifamily financing. MBA Chairman-Elect E.J. Burke recently told the Senate Banking Committee that lawmakers and regulators must craft a long-term plan for multifamily housing that ensures a...
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MULTIFAMILY HOUSING FINANCE REQUIRES BALANCE OF PRIVATE CAPITAL, GOVERNMENT BACKING

The following article has been taken from MBA Newslink, October 10, 2013. Sorohan, Mike–Oct. 10, 2013 Mortgage Bankers Association Chairman-Elect E.J. Burke told the Senate Banking Committee that lawmakers and regulators must craft a long-term plan for multifamily housing that ensures a role for both private capital and the federal...
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GERSON LAW FIRM APC CLOSES CRENSHAW VILLAGE LOANS

Much media attention has been given to two Fannie Mae loans simultaneously closed by GERSON LAW FIRM APC in September 2013. The following is from one of the articles which appeared in REBUSINESS ONLINE. CRENSHAW VILLAGE APARTMENTS IN LOS ANGELES RECEIVES $42.5M IN FINANCING LOS ANGELES – The 669-unit Crenshaw...
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GORDON GERSON NAMED TO ‘BEST LAWYERS’ LIST

“Gordon L. Gerson, managing principal of Gerson Law Firm APC, has been selected for inclusion in the 20th edition of The Best Lawyers in America in the practice area of real estate law.” – Read Full Article (PDF) from The Daily Transcript at SDDT.com, August 15, 2013 (original article online...
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ERIN FUNDERBURK JOINS GERSON LAW FIRM APC

Attorney Erin Funderburk has joined GERSON LAW FIRM APC. Funderburk will join the GERSON LAW FIRM APC’s commercial real estate and commercial real estate finance practice group. She was most recently with Gordon & Rees, and brings with her a background in the real area as well as employment law....
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GERSON IS CAUTIOUS AFTER $300M Q2

SAN DIEGO-One would think closing nearly $300 million in multifamily loans in one quarter would be cause for celebration, but Gordon Gerson isn’t popping the champagne cork quite yet. The principal of Gerson Law Firm here has been through a few real estate cycles since its inception in 1992 and...
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GERSON LAW FIRM APC CLOSES ALMOST $300 MILLION IN MULTIFAMILY LOANS IN SECOND QUARTER

As the real estate economy continues to gain momentum nationally, GERSON LAW FIRM APC continued to maintain its dominance in the western United States in lender engagements for GSE multifamily loans. In addition to representing non GSE lenders on commercial real estate loans secured by property other than multifamily, GERSON LAW FIRM...
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CAN THE GSES REDUCE FED DEBT PRESSURE?

News sources are reporting that Fannie Mae and Freddie Mac earned record profits in the first quarter, prompting some experts to say that these profits may be used to halt raising the federal debt ceiling. Gordon Gerson of Gerson Law Firm here tells GlobeSt.com that he agrees this could be...
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FIRST QUARTER 2013 REPORT: LOAN SALES, LOAN CLOSING AND LOAN ENFORCEMENT

GERSON LAW FIRM APC closed the first quarter 2013 providing lender clients and real estate investors with support for loan sales, loan closings and loan enforcement proceedings. Among loan sales, GERSON LAW FIRM represented an institutional lender selling first mortgage loans secured by Escondido Country Club and Stoneridge Country Club...
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