Montgomery McCracken attorneys who practice in this area represent a broad spectrum of lenders, which includes banks and Freddie Mac and Fannie Mae lenders.
For many years, a large (and growing) portion of the multifamily real estate financing transactions have been made by DUS lenders, which originate the loans and then “sell” the loans to Fannie Mae and Freddie Mac. Multifamily transactions originated for inclusion in the secondary market by select lenders provide an attractive choice for multifamily owners due to inherent certainty, as well as competitive pricing; the result is a strong presence in all markets. Montgomery McCracken attorneys have closed loans of every size for Fannie Mae and Freddie Mac lenders.
Freddie Mac has created a new Small Balance Loan Program (loans $5,000,000 or less), a special stream-lined program for smaller real estate transactions. Montgomery McCracken has been named one of only twelve law firms nationwide to process and close loans made under the SBL program.
The firm’s relationship with agency lenders has contributed to effective representation of our client lenders, and with the agencies themselves. Montgomery McCracken attorneys guide lenders and borrowers through the very specific requirements of agency loans seamlessly and with confidence, based upon our many years of experience and our full understanding of agency processes.
In addition, the attorneys at Montgomery McCracken represent a number of banks in more traditional lending transactions. These transactions, typically portfolio loans, can be customized to meet the needs of the borrower. These transactions include refinancing of investment properties, construction and permanent loans, leasehold financing, and even cooperative housing underlying loans. Our involvement in these transactions is far more than as a closing agent. We often assist the banks in structuring the loans and creating unique documentation.
A full list of lenders who are represented by Montgomery McCracken is available upon request.