GERSON LAW FIRM APC’s Role In Untold Story About Fannie Mae and Freddie Mac

Financial news media depicts a slumping Fannie Mae and Freddie Mac amidst record residential foreclosures, but with the notable exception of the New York Times on August 13, 2008, no major publication has reported the meteoric level of apartment financing being provided by Fannie Mae and Freddie Mac as it fills the void created by disruptions in the capital markets and other sectors of commercial real estate finance.

GERSON LAW FIRM APC during July continued to represent Fannie Mae and Freddie Mac lenders closing multifamily loans. Fannie Mae DUS loans closed by GLF during the last week of June included 2 loans for more than $13,400,000.00. This activity continued through July when GLF closed 6 additional Fannie Mae loans for more than $71,000,000.00.

During the same period, GLF represented a Freddie Mac Program Plus Seller/Servicer, who originated, underwrote, funded and will service a $36,000,000.00 loan for a 216 year apartment complex in Sunnyvale, California, as well as $7,000,000.00 financing for the acquisition of 96 unit garden-style apartment community in Oxnard, California.

GLF’s Litigation Department among activities, represented a major California shopping developer with landlord-tenant litigation against a national tenant, and defended an American With Disabilities Act lawsuit. GLF Transactional Department represented a national food tenant seeking leases for more than 2,400 square feet of space in Orange County, California and Salt Lake County, Utah.

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.