NEWS

December 2005

GERSON LAW FIRM APC Represents Commercial Real Estate Lenders in December Loan Closings for More Than $200,000,000

Prior to New Year's Eve 2005, GERSON LAW FIRM APC was engaged in several major west coast commercial real estate loan closings, and other closings nationwide. Major loan closings included the following:

• The Firm joined with east coast counsel to close a $48,000,000 Freddie Mac loan for high-rise multifamily housing in downtown Los Angeles.



• The Firm provided lender representation to a fifty percent investor in an entity formed for a private $45,646,000 mezzanine loan made in connection with $127,000,000 institutional financing for acquisition and condominium conversion of a 410 unit apartment complex in the Mission Valley area of San Diego.



• The Firm provided lender representation in connection with a $52,000,000 construction loan by a midwest bank for luxury senior age-restricted housing in San Mateo, California.



• The Firm closed nine Fannie Mae DUS loans totaling more than $26,000,000 for multifamily housing in major markets throughout California and Oregon.

During December 2005, the GERSON LAW FIRM APC also closed for a major regional bank $3,000,000 in acquisition financing in a reverse starker loan transaction for a light industrial building. The Firm also represented a small loan program lender and credit unions in more than 20 other commercial real estate loans ($500,000 to $3,000,000).

Among other activities, GERSON LAW FIRM APC successfully resolved ADA litigation on behalf of a major national tenant, and successfully represented a tenant in lease negotiations for a high end imported boot boutique in Fashion Show Mall in Las Vegas.

GERSON LAW FIRM APC represents national lenders on loan closings, special servicing, and enforcement proceedings throughout the United States, and closing loans throughout the United States. The Firm's practice includes representing lenders closing 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.

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