GERSON LAW FIRM APC, a leader among law firms in the United States closing loans multifamily loans for Freddie Mac and Fannie Mae, closed one of the year’s largest portfolios of Freddie Mac SBL loans in December 2016.
The portfolio engagement from Hunt Mortgage Group included 21 loans secured by multifamily mortgages totaling $22,310,000. All multifamily properties in the portfolio were to borrower entities with the same sponsors, and all properties in were located in Los Angeles County, California.
“We have a reputation for closing large loan portfolios. We welcome them, and it’s been an integral part of our practice since 1997 when we closed our first portfolio consisting of 8 CMBS loans for self-storage properties in Oregon, ” stated Gordon Gerson, managing principal of GERSON LAW FIRM APC.”
Among Freddie Mac portfolio closings, earlier in 2016 GERSON LAW FIRM APC, closed a smaller portfolio of CME loans as part of Freddie Mac’s program for larger loan product, and on its heels additional loans to the same borrower sponsor.