News

GSE Multifamily Lending Grows, Adapts

By Michael Tucker mtucker@mba.org – originally published here https://www.mba.org/mba-newslinks/2019/february/mba-newslink-wednesday-2-13-19/commercial/multifamily/gse-multifamily-lending-grows-adapts February 13, 2019 SAN DIEGO–Multifamily’s role in the housing market is growing–and Fannie Mae and Freddie Mac are playing an increasing role in financing multifamily real estate, GSE executives said in San Diego on February 12, 2019, at the MBA CREF/Multifamily...
Read more

What Trigger Will Push Us Into a Recession?

By Natalie Dolce /GlobeSt.COM| January 30, 2019 at 04:00 AM SAN DIEGO—The US GSP is doing just fine, but labor productivity is up only 1% and real wages are up just a touch. So says Norm Miller, Ernest W. Hahn Chair of Real Estate Finance, University of San Diego. During...
Read more

FREDDIE MAC REACHES REPORTED $78 BILLION MULTIFAMILY PRODUCTION IN 2018

Freddie Mac Multifamily reached $77.5 billion in loan purchase and guarantee volume for 2018, a record for the government-sponsored enterprise. The GSE also had $500 million in Low-Income Housing Tax Credit equity investments last year. The $78 billion in total production surpassed the company’s prior record of $73.2 billion set...
Read more

GERSON LAW FIRM APC ENDS 2018 WITH MORE THAN 900 CRE LOAN CLOSINGS

GERSON LAW FIRM APC closed more than 900 commercial real estate secured loans on lender engagements in 2018. Loan closings were for Banks, life insurance companies, Freddie Mac and Fannie Mae multifamily, credit unions as well as non bank and private lenders. Loan closings were for all character property, including...
Read more

GERSON LAW FIRM APC CLOSES MULTIPLE LOAN PORTFOLIOS AND MORE

GERSON LAW FIRM closed in recent days multiple loan portfolio closings from both borrower and lender engagements. In connection with a borrower engagement, GERSON LAW FIRM closed a four loan portfolio for more than $135,000,000 during November and in the first week of December. The four bank loans were secured...
Read more

GERSON LAW FIRM APC CLIENT CLOSES $140,000,000 LOAN PORTFOLIO

GERSON LAW FIRM APC assisted one of Southern California’s largest apartment owners in a borrower engagement for closing four multifamily loans for more than $140,000,000. The four loans were secured by multifamily projects in San Diego County consisting of 187, 172, 151 and 132 units. The lender was a California...
Read more

GORDON L. GERSON AMONG BEST LAWYERS IN AMERICA

Gordon L. Gerson has been selected by his peers nationwide for recognition in the 25th Edition of The Best Lawyers in America© for his expertise in real estate law. Gordon has received this recognition each year this decade, and has also been recognized nationally for expertise in commercial real estate...
Read more

GERSON LAW FIRM APC CLOSES LOANS IN NEVADA, WASHINGTON AND CALIFORNIA

GERSON LAW FIRM APC during record heat across the United States, added heat to Fannie Mae and Freddie Mac multifamily summer volume of loan closings. Among multifamily closings on lender engagements were a Fannie Mae acquisition loan of $21,867,000 secured by a 270 unit apartment in Las Vegas and a...
Read more

LAWYERS JOINING GERSON LAW FIRM APC

GERSON LAW FIRM APC is pleased to announce that the following attorneys have joined the firm. Attorney Cortney Scott has joined GLF. Cortney is a San Diegan by background and graduated summa cum laude from the University of San Diego, graduated from UCLA law in 2005 and also received an...
Read more

GERSON LAW FIRM APC CLOSES TWO MULTIFAMILY LOAN PORTFOLIOS

GERSON LAW FIRM APC capped the end of the first quarter of 2018 with more than 90 commercial/multifamily loan closings in March, including two loan portfolios for Freddie Mac’s small balance loan program for multifamily housings. The two portfolio’s originated by Freddie Mac seller servicer’s included a portfolio of 9...
Read more

GERSON LAW FIRM APC CLOSES OVER 900 CRE LOANS IN 2017

GERSON LAW FIRM APC rang in 2018 after ringing the bell closing more than 900 commercial real estate loans in 2017. GERSON LAW FIRM’s high volume performance was primarily in representation of lenders, however, several major borrower engagements on large transactions were also undertaken. GERSON LAW FIRM’s dominance among other...
Read more

BIG HOLIDAYS AND BIG LOAN CLOSINGS AT GERSON LAW FIRM APC

GERSON LAW FIRM APC closed two major loans for lenders the week before Christmas. Lighting up the holidays in the Northwest by GERSON LAW FIRM was a Freddie Mac Capital Markets Execution for more than $44,000,000, for a 172 unit apartment project in Portland, Oregon, as well as a Fannie...
Read more

COMMERCIAL BORROWING IN 2017 UP 21 PERCENT FROM 2016

The Mortgage Bankers Association released its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations for the third quarter of 2017, showing a 21 percent increase in commercial and multifamily mortgage loan originations compared to the same period last year, and an 8 percent increase over 2Q17. As was the case during...
Read more

Freddie Mac Finds ‘Widening’ Affordable Rental Shortfall

Michael Tucker mtucker@mba.org – reproduced from https://www.mba.org/mba-newslinks/2017/october/mba-newslink-friday-10-27-17/commercial/multifamily/freddie-mac-finds-widening-affordable-rental-shortfall October 27, 2017 The already-acute shortfall of affordable rental apartments has widened “considerably” over the past six years, said Freddie Mac, McLean, Va. Freddie Mac Multifamily said increasing rents and stagnant household incomes are behind the problem, which it said could become worse...
Read more