October 6, 2014
Posted in: News
By: Gerson

National lenders engaged GERSON LAW FIRM APC for representation in closing more than $150,000,000 in commercial and multi-family loans in September 2014.

The closings reach all regions of the country – coast to coast, and border to border – and ranged in size from $750,000.00 to $26,050,000.00. More than 20 of the loans closed were GSE multifamily loans for Fannie Mae or Freddie Mac. Office building and commercial loans by banks and credit unions also contributed to the high volume.

“It is a competitive, but strong lending market,” commented Gordon L. Gerson, managing principal. “And with respect to the multi-family sector, Fannie Mae and Freddie Mac which have gained more and more traction in the third quarter and heading into the fourth quarter.”

While loan dispositions have slowed as part of a much improved real estate economy, GERSON LAW FIRM APC continues to be engaged in all manner of creditor rights proceedings, including receivership and note collections.