News

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...
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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...
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GERSON LAW FIRM APC CLOSES JACKSONVILLE PORTFOLIO

GERSON LAW FIRM APC on a lender engagement by a Freddie Mac Seller/Servicer closed a portfolio of three Freddie Mac loans secured by multifamily projects in Jacksonville, Florida. The loans were funded through Freddie Mac’s Capital Markets Execution (CME) program. Under the CME program, the loans will be sold to...
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Freddie Mac: Continued Multifamily Market Growth But Increased Affordability Challenges

Michael Tucker, mtucker@mba.org – reproduced from https://www.mba.org/mba-newslinks/2017/september/mba-newslink-friday-9-8-17/commercial/multifamily/freddie-mac-continued-multifamily-market-growth-but-increased-affordability-challenges September 12, 2017 Most multifamily executives believe the rental housing market will continue to grow, but many are less optimistic about the affordable housing outlook, reported Freddie Mac, McLean, Va. Freddie Mac and real estate media firm Hanley Wood surveyed 200 people involved...
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Fannie Mae Prices Its First Green Multifamily DUS REMIC

Fannie Mae, Washington, D.C., priced its first GeMS REMIC backed exclusively by its Green MBS collateral. “To our knowledge, this is the first issuance of its kind in the U.S. market,” Fannie Mae said. The FNA 2017-M10 transaction is the firm’s eighth Multifamily Delegated Underwriting and Servicing Real Estate Mortgage...
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Gerson Law Firm APC Adds Veteran Title Company Attorney

GERSON LAW FIRM APC has added Tom Ruhrup to its attorney ranks. Mr. Ruhrup has more than 25 years experience with major title companies in several capacities, including as underwriting counsel for Lawyers Title Insurance Corporation. His broad experience includes all aspects of title insurance coverage, including legal issues relating...
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ALEX MURER JOINS GERSON LAW FIRM APC

GERSON LAW FIRM APC is pleased to announce that Alex Murer has joined the firm as an associate attorney. Mr. Murer is a graduate of the University of San Diego School of Law. Prior to joining GERSON LAW FIRM, he worked at a real estate investment firm and as a...
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Freddie Mac: U.S. 2017 Multifamily Origination Volume Could Top $295 Billion

Mike Sorohan msorohan@mba.org April 12, 2017 Freddie Mac, McLean, Va., said total multifamily origination volumes could increase by 3-6 percent this year to $295 billion, depending on movements in the 10-Year Treasury rate. According to a new Multifamily Pricing and Volume Outlook for 2017, should the 10-Year Treasury rate stays...
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Gerson Law Firm APC Closes 14-Loan Apartment Portfolio

GERSON LAW FIRM APC closed a portfolio of fourteen apartment loans in Saint Louis on behalf of an Irvine, California-based multifamily lender during the last week of March and with an additional one the following week. The 14 loans totaling more than $50 million were secured by multifamily projects in...
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Kiyana Kiel Joins Gerson Law Firm APC

GERSON LAW FIRM APC is pleased to announce that Kiyana Kiel has joined the firm as an associate attorney. Ms Kiel is a graduate of UC Berkeley School of Law ( Boalt Hall). Prior to joining GERSON LAW FIRM, she was worked in-house for a municipal utilities district and as...
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Gerson Law Firm APC Resolves Orange County Shopping Center Disabled Persons Act Litigation

GERSON LAW FIRM APC has successfully resolved civil rights and disabled persons litigation involving a 165,000 square foot shopping center in Orange County, CA. The ground lessor of the shopping center was sued on access issues in two lawsuits each alleging various allegations of the visually impaired under the California’s...
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