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Thursday, April 1, 2021 On March 26, 2021, Judge Maryellen Noreika of the U.S. District Court for the District of Delaware dismissed a lawsuit brought by the Consumer Financial Protection Bureau (“CFPB”) in  Consumer Financial Protection Bureau v. The National Collegiate Master Student Loan Trusts, 1 finding,  inter alia, that the CFPB’s suit was constitutionally defective due to the CFPB’s untimely attempt to ratify the prosecution of the litigation in the wake of the Supreme Court’s decision in  Seila Law LLC v. Consumer Financial Protection Bureau.  This case has b...

SPOKANE, WA - Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $20.8 million in financing for the $34 million purchase of the 232-unit Northern Heights Apartments community in Airway Heights, Wash. on behalf of a private Tenant-in-Common (TIC) investment entity focused on long-term ownership of the asset. Gantry’s Demetri Koston, Principal, and Joyce Chen, Associate, structured the loan on behalf of the borrower. The 15-year loan was placed with Fannie Mae at favorable terms, including a fixed interest rate with an interest-only payment structure for...