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GERSON LAW FIRM APC closed more than 100 multifamily loans in October and November 2016, for institutional and non-institutional lenders, as well as engaged in acquisitions and other matters for its real estate clients.
Loans closed included a loan for more than $29,000,000 secured by Canyon Villas, a 183 unit apartment project in Chula Vista, California, which was a Fannie Mae multifamily execution. The total of all multifamily loans closed for lenders in the 60 day period were for a total amount of more than $450,000,000.
“Closing loans on behalf of lenders – and yes, in some instances each month for borrowers as well – is a specialty area of our practice that exceeds in volume most, if not all, national law firms in the United States.” Gerson also stated that the expects loan volume to continue to increase in 2017.