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GERSON LAW FIRM APC during record heat across the United States, added heat to Fannie Mae and Freddie Mac multifamily summer volume of loan closings.
Among multifamily closings on lender engagements were a Fannie Mae acquisition loan of $21,867,000 secured by a 270 unit apartment in Las Vegas and a Freddie Mac supplemental ( second deed of trust ) loan for $13,000,000 secured by a 270 unit apartment in Vallejo, California. GERSON LAW FIRM APC also facilitated acquisition of a 124 unit apartment in Washington by providing lender representation with the assumption of a Freddie Mac senior (first deed of trust) loan for $9,083,000, and simultaneous execution of a new Freddie Mac supplemental (second deed of trust) loan for $5,482,000.