SAN DIEGO—Summer has been a strong season for FannieMae and Freddie Mac, at least fromGerson Law Firm APC's perspective. During themonth of July, the firm closed loans on lender engagements thatincluded 18 Fannie Mae and Freddie Mac multifamily loans for morethan $62 million, as well as several CMBS,SBA credit union and bank loans,loan assumptions and modifications for a volume of transactionsthat exceeded $85 million. GlobeSt.com spoke with Gerson to discusswhat let up to the GSEs' summer surge and where he sees this trendheading in the future.
GlobeSt.com: To what do you credit Fannie Mae andFreddie Mac's lending surge this summer?
Gerson: There are a few points to makeabout this. First,Fannie Mae and Freddie Mac started the year slow.Their first quarter was significantly down from 2013 and theirsecond quarter also lagged 2013.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
