Bolts of Lightning Among Credit Tightening

November 30, 2007
Posted in: News
By: Gerson

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.