Autumn Action

October 31, 2007
Posted in: News
By: Gerson

GERSON LAW FIRM APC experienced accelerated activity towards year-end in a month marked by a national economic shake down.
Autumn action included:

Representation of lenders on several multifamily real estate closings including, but not limited to, Freddie Mac Program Plus multifamily and Fannie Mae DUS multifamily loans, as well as more than fifteen credit union loans.

Representation of a major national lender with a $7,800,000.00 bridge loan for a value-added rehabilitation of a 264 unit multifamily property located in Davenport, Iowa.

Representation of secured real estate creditors in the Chapter 11 bankruptcy action of Creative Capital Leasing, LLC, in the Southern District of California. The debtor has 88 commercial and residential properties, an undetermined amount of which are delinquent.

On October 10, 2007, GLF sponsored the California Mortgage Brokers Association’s Annual Deal Maker’s Conference in Costa Mesa, California, where Gordon L. Gerson moderated a panel on Small Loan Financing.