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While headwinds became gale winds in commercial real estate lending this Spring, GERSONLAW the firm reached a 2023 monthly peak for loan closings in May.
GERSONLAW closed 41 loans for Fannie Mae and Freddie Mac alone in May 2023. Loans closed were in Arizona, California, Colorado, Louisiana, Oregon, Michigan, Mississippi, Nevada and Wasington.
Looan origination services during May also were performed for other lender clients. The same period was robust with matters relating to defaulted loans including loan modifications and foreclosures.
About Gerson Law
GERSON LAW represents clients on all matters real estate and business related, both transactional and litigation. The firm is nationally recognized for its representation of some of the nation’s largest lenders on loan closings, special servicing, and enforcement proceedings throughout the united states. GERSON LAW’s practice includes representing lenders closing loans under Fannie Mae’s DUS lending program and Freddie Mac’s program plus for multifamily investments. The firm represents major national banks, life insurance companies, and private funds in all matters lending related, including originations and loss mitigation strategies, for hotels, office buildings, shopping centers, multifamily and construction.