Among lender engagements, GERSON LAW FIRM APC closed three Freddie Mac multifamily loan portfolios in May 2020.
Portfolios that were closed for Freddie Mac Optigo lenders included:
- 13-loan portfolio for a combined $48,899,000. The 13 loans were secured by 13 apartment projects in Los Angeles County.
- 8-loan portfolio for a combined $36,291,000. The 8 loans were secured by 30 apartment projects in Los Angeles County.
- 10-loan portfolio for a combined $29,750,000. The 10 loans were secured by 10 apartment projects in California, including Los Angeles County, Santa Barbara County, San Luis Obispo County and Alameda County.
GLF’s financial services during May 2020 also included among matters representing a borrower on a Fannie Mae Student loan in the amount of $11,000,000 secured by a 14-unit apartment project in a Westwood neighborhood in the immediate vicinity of UCLA.
May engagements also included, among many matters, clients with PPP issues, loan forbearances, commercial litigation, and landlord-tenant disputes.