Client Articles - Written by on Thursday, July 15, 2010 18:15

Freddie Mac, Fannie Mae Multifamily Loan Closings Surge at Gerson Law Firm APC

SAN DIEGO — June 21, 2010 — GERSON LAW FIRM APC has reported a surge in Freddie Mac and Fannie Mae multifamily loan closings through the end of May, according to Gordon Gerson, managing principal of GLF, a six-lawyer law firm based in San Diego.

By the end of May, GERSON LAW FIRM APC had closed over $115 million in Freddie Mac and Fannie Mae multifamily financings. “We are on track to close more than $60 million in multifamily and other commercial loans during June 2010,” said Gerson, who has been recognized among The Best Lawyers in America in the fields of banking and real estate. “Our litigation group is actively engaged with problem loan solutions; but our loan transactions group is equally busy.”

GERSON LAW FIRM APC multifamily loan closings have been largely concentrated in the western United States, including California, Oregon, Nevada, Washington and Utah. One May 2010 multifamily loan closing was for $22.4 in West Lafayette, Indiana. Loan closings have been as low as $2 million.

GERSON LAW FIRM APC has a long history of working with lenders who generate multifamily loans with Freddie Mac and Fannie Mae. “While some firms boast of having commoditized their loan closing practice with non lawyers, GERSON LAW FIRM APC has lawyers primarily engaged in all aspects of its loan closing engagements beginning with file intake,” Gerson said.

About GERSON LAW FIRM APC
GERSON LAW FIRM APC represents clients in all matters related to real estate and business, both transactional and litigation. GLF 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. GLF’s practice includes representing lenders closing loans under Fannie Mae’s DUS Lending Program and Freddie Mac’s Program Plus for multifamily investments. GLF 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. For more information on GERSON LAW FIRM APC, call (858) 452-5400 or visit www.gersonlaw.com.

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