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As the real estate economy continues to gain momentum nationally, GERSON LAW FIRM APC continued to maintain its dominance in the western United States in lender engagements for GSE multifamily loans.
In addition to representing non GSE lenders on commercial real estate loans secured by property other than multifamily, GERSON LAW FIRM closed more than 30 Fannie Mae or Freddie Mac loans per month in April, May and June, and nearly toppled the $300 Million mark in total GSE loan closing volume during those months. During the same period of time, GERSON LAW FIRM represented loan servicers on assumptions and other loan servicing matters related to Fannie Mae and Freddie Mac loans.
GERSON LAW FIRM lender engagements include banks, credit unions, and private funds. As in the case of its GSE lending practice, GERSON LAW FIRM supports a large number of credit unions with commercial real estate lending platforms.
In the second quarter, GERSON LAW FIRM’s distressed real estate support group continued to service the needs of lenders, and commenced six new receivership cases. Additionally, representation of receivers remained active.