Loans Leap High On Leap Year’s Extra Day

GERSON LAW FIRM APC closed a high volume of Fannie Mae Multifamily loans during February 2008, including eight closings on February 29.

Fannie Mae DUS multifamily loans were closed throughout California, Washington and Utah for institutional and non-institutional clients licensed to close Fannie Mae Multifamily loans.

During February 2008, Gordon L. Gerson and Shereen Rossini attended the Mortgage Banker Association’s Annual Commercial Real Estate Finance Conference in Orlando, Florida, MBA CREF. Talk among the more than 4,000 attendees, including all major national lenders and representatives of all sectors of the commercial real estate finance industry, was that there would be a continuing tightening of credit in the capital markets, and that new commercial loans would be underwritten on a “back to basics fundamentals” basis as opposed to more aggressive underwriting, which contributed to the extraordinarily high volume of commercial loans throughout the United States from 2003 to early 2006.

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.