Gerson Law Firm APC Closes 14-Loan Apartment Portfolio

GERSON LAW FIRM APC closed a portfolio of fourteen apartment loans in Saint Louis on behalf of an Irvine, California-based multifamily lender during the last week of March and with an additional one the following week.

The 14 loans totaling more than $50 million were secured by multifamily projects in Saint Louis, and were underwritten and closed as part of Freddie Mac’s small balance lending program for loans of up to $7.5 million. All loans originated will be securitized in connection with Freddie Mac K-deal securitizations.

This was the fifth portfolio of 10 or more loans closed by GERSON LAW FIRM as part of Freddie Mac’s SBL program for multifamily projects. GERSON LAW FIRM has represented Freddie Mac licensed seller/servicers in closing more than 850 Freddie Mac Multifamily SBA loans since the program’s inception in 2014. During March 2017, GERSON LAW FIRM also represented lenders in closing large multifamily loans of more than $430 million under Freddie Mac’s CME program, as well as representing Fannie Mae multifamily lenders on similar size multifamily loans and commercial real estate loans for banks and credit unions.

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.