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NEWS November 2007 Bolts of Lightning Among Credit Tightening During a 30-day period of continued tightening of credit markets, some GERSON LAW FIRM APC clients struck like lightning with major loan closings and other closing activities. GLF closed three Freddie Mac loans for multifamily and mixed-use projects in California for a combined amount of $70,000,000. GLF also represented credit unions closing 12 commercial real estate loans in California and other states. Adverse economic conditions also required GLF to assist clients with foreclosures and loan work-out strategies. GLF represents clients on all matters real estate and business related, both transactional and litigation. GLF 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. GLF's practice includes representing lenders closing loans under Fannie Mae's DUS Lending Program and Freddie Mac's Program Plus for multifamily investments, and GLF represents major national banks, conduit lenders and life insurance companies in commercial loan closings for hotels, office buildings, shopping centers, multifamily and construction. |