1776 has a special meaning each July 4, and GERSON LAW FIRM APC celebrated the entire month of July 2020 with 76 new multifamily financings on lender engagements.
Most loan closings were across Fannie Mae and Freddie Mac small balance loan multifamily product lines, however GSE conventional loan engagements, as well as bank and credit union engagements were in the mix. The volume was slightly higher than July 2019.
While continuing to work remotely, the firm also handled numerous post-loan closing servicing requests, including matters related to defaulted loans. Loan defaults cross property types, including hospitality.