GSE Multifamily Lending Supported By Gerson Law Firm APC

GERSON LAW FIRM APC again demonstrated in May 2009 that it is the law firm of choice on the west coast for GSE multifamily loan programs.

GLF represented three GSE lenders making Fannie Mae and Freddie Mac multifamily loans totaling more that $70,000,000. Among loans closed was a series of complex transactions in Oregon, in which a junior lien holder acquired two apartment complexes with senior mortgages securing debt to Freddie Mac in the amount of more than $48,000,000, and as part of a series of transactions, assumed the senior debt and placed Freddie Mac supplemental financing for more than $6,000,000 on the two apartment complexes.

Among other major Freddie Mac multifamily loan closings by GLF in May were two apartment projects in San Diego with financings of more than $21,000,000 and $16,000,000.

Major Fannie Mae multifamily loan closings by GLF in May included a loan in Stockton, California for more than $16,000,000, and a loan for more than $8,000,000 in Oregon.

In addition to GSE loan closings, during the same period and in addition to other loan closing activities, GLF continued to serve the loss mitigation needs of its lender clients by being engaged in numerous loan work-outs, foreclosures and REO matters.

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.