GERSON LAW FIRM chalked more than $250,000,000 in commercial loan closings on behalf of its lender clients during May 2015.
More than 35 loans were closed on behalf of lenders in states ranging from California in the west to New Jersey in the east, and South Carolina in the Southeast to Washington in the Northwest. Loans closed were for lenders across the spectrum, including GSEs, life insurance companies, credit unions, and private funds.
“We touched every region of the country which is consistent with the footprint of our reputation and practice, ” stated Gordon Gerson, managing principal.
Much of the volume was driven by the Freddie Mac multifamily small balance loan program (for apartment loans not exceeding $5,000,000), combined by the on-going presence of historically low interest rates. GERSON LAW FIRM is one of only six law firms in the United States approved by Freddie Mac to close loans for this program. During March 2015, GERSON LAW FIRM also represented a national lender closing a portfolio of 8 apartment loans for more than $150,000,000.