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NEWS August 2006 No Vacationing for Transactions While most Americans vacationed during August 2006, GERSON LAW FIRM APC was engaged in its highest volume of lending and real estate transactions for a single month in 2006. Among institutional loan closings were six (6) CDO loan transactions for a combined amount of more than $70,000,000.00, secured by multifamily property in Colorado, California and New Mexico, and four (4) Fannie Mae DUS loan transactions for multifamily property in California and Colorado. The Firm provided counsel to a California lender making Freddie Mac's first California loan transaction in which there was both a loan secured by a first deed of trust, and second mortgage loan closed under its "High Leverage Conventional Cash" program. In addition to its loan closings, GERSON LAW FIRM APC was involved in numerous other real estate transactions and litigation-related matters during August 2006, including finalizing lease transactions for a national food tenant opening in Elk Grove Commons in Elk Grove, California, Roseville Shopping Center in Roseville, California; and Riverview Shopping Center in Mesa, Arizona. During August 2006, Gordon L. Gerson was a panelist for a one-day comprehensive seminar on "Real Estate Lending Requirements and Loan Documentation in California" presented by Lorman Education Services. GERSON LAW FIRM APC, represents clients on all matters real estate and business related, both transactional and litigation. The Firm 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. The Firm's practice includes representing lenders closing the loans under Fannie Mae's DUS Lending Program and Freddie Mac's Program Plus for multifamily investments, and the Firm represents major national banks, conduit lenders and life insurance companies in commercial loan closings for hotels, office buildings, shopping centers, multifamily and construction. |