In October, Freddie Mac announced the launch of its multifamily small balance loan (SBL) program, and GERSON LAW FIRM is one of only five law firms in the country that has been approved to represent Freddie Mac and its seller/servicer lenders in loan originations in its SBL program.
GERSON LAW FIRM which has a national reputation for closing commercial real estate and multifamily loans in all amounts for major lenders across the United States, has previously worked with several lenders on small balance programs for Fannie Mae and Freddie Mac on loans of $5,000,000 or less.
“Freddie Mac has created an excellent program with streamlined underwriting and legal documentation as part of its program,” said Gordon L. Gerson. “The market for SBLs across the country is high, and Freddie Mac is right to be in this segment of the affordable housing market,” he added.
GERSON LAW FIRM has closed multifamily SBLs throughout the United States for several years for Fannie Mae