2009 Midsummer Dream: Multifamily Loan Closings Surge

GERSON LAW FIRM APC assisted Fannie Mae and Freddie Mac multifamily lending program’s surge of loan closings throughout June and July.

Loan closings in July for which GLF provided lender representation included more than $60,000,000 in financing of two apartment complexes in Dallas, as well as apartment complexes in Goleta and Vacaville, CA. These Freddie Mac and Fannie Mae closings followed a robust June with lender representations on multifamily closings in Dallas and Los Angeles.

“GLF continues to be the west coast law firm of choice for lenders who close Freddie Mac and Fannie Mae loans,” said Gordon L. Gerson. “We have actually witnessed client growth in this specialty area, during a period of time in which most law firm’s finance origination departments have shut down.”

During the same period in which GLF closed loans, it also worked on numerous loan modifications and other work-outs of distressed real estate of all character, including three car dealership franchise locations shutdown in reaction to the wallops taken by Detroit automakers.

GERSON LAW FIRM APC

GERSON LAW FIRM APC represents clients on all matters real estate and business related, both transactional and litigation. GERSON LAW FIRM APC is nationally recognized for its representation of some of the nation's largest lenders on loan closings, special servicing, and enforcement proceedings throughout the United States. GERSON LAW FIRM APC practice includes representing lenders closing loans under Fannie Mae's DUS Lending Program and Freddie Mac's Program Plus for multifamily investments. GERSON LAW FIRM APC represents major national banks, life insurance companies, and private funds in all matters lending related, including originations and loss mitigation strategies, for hotels, office buildings, shopping centers, multifamily and construction.