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GERSON LAW FIRM APC closed 13 multifamily loans (Freddie Mac and Fannie Mae) for multifamily lenders between the last week of November and last week of December 2009, totaling more than $70,000,000. Closings were on multifamily property in California, Colorado, Hawaii, Texas, and Utah.
“We know of no law firm on the west coast that closed the same number of loans during this period of time,” stated Gordon L. Gerson. “GLF is the epicenter of multifamily closings on the west coast.” In addition to its volume, GLF has also become one of a small number of law firms in the United States that closes the Freddie Mac CME loans for multifamily, which is a capital markets execution.
In the same period of time, GLF also met increasing demands of clients in loan workouts of all character property, including golf course resorts, medical office building, and hotel/motel property, in several states, including, Michigan, Ohio, Pennsylvania, Florida, and California.