SAN DIEGO — March 23, 2010 — While all economic indicators either pointed downward or raised more questions than answers in the first quarter of this year, GERSON LAW FIRM APC (GLF) has provided legal services to national, regional and local lenders on a high volume of both good loans and bad loans.

On the good side of lending, GLF continues to meet the loan closing needs of lenders with Fannie Mae and Freddie Mac multifamily borrowers, and maintains a ranking highest among California law firms with GSE multifamily loan closings.

On the bad side of the commercial real estate economy, GLF is filling the continuing need for lenders requiring representation on loan loss mitigation strategies, including loan work-outs, receiverships, and foreclosures.

“As a law firm with expertise in commercial real estate lending, we are continuing to meet lender needs for good loan business or what is commonly referred to as originations, as well as bad loan business or which is commonly referred to as ‘special servicing needs,’” said Gordon Gerson, managing principal of GLF, a five lawyer law firm based in San Diego. “Our loan origination business is high, and our special servicing, meaning loan workouts, receiverships, and foreclosures, is rampant.”

“While San Diego law firms continue to contract, GLF is expanding. We look for lawyers who know real estate, know lending, and who have been in the trenches, for this type work,” said Gerson, who has been representing lenders in cycles “ranging the two d’s — “dynamic to distressed” — beginning with the early 1980’s. Gerson, recently became president of the SD Receivers Forum, and is listed among The Best Lawyers in America.

About GERSON LAW FIRM APC
GLF 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.