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GERSON LAW FIRM APC a 20 loan multifamily loan portfolio during the last week of February 2017, on behalf of a New York lender.
The 20 loans totaling more than $69 million were secured by multifamily projects in Los Angeles County, and were underwritten and closed as part of Freddie Mac’s small balance lending program for loans of up to $7.5 million. All loans originated will be securitized in connection with Freddie Mac K-deal securitizations.
This was the fourth portfolio of 15 or more loans closed by GERSON LAW FIRM as part of Freddie Mac’s SBL program for multifamily projects. GERSON LAW FIRM has represented Freddie Mac licensed seller/servicers in closing more than 850 Freddie Mac Multifamily SBA loans since the program’s inception in 1914. During the same period, GERSON LAW FIRM also represented lenders in closing large multifamily loans of more than $70 million under Freddie Mac’s CME program, as well as representing Fannie Mae multifamily lenders on similar size multifamily loans.
“Delivering high quality while undertaking high volume lending engagements are the twin peaks of our reputation,” said managing principal, Gordon L. Gerson.