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Walker & Dunlop, Inc. (WD) is a leading commercial real estate finance company in the United States, specializing in providing financing solutions and investment sales for owners of multifamily and commercial properties. With a mission to be the premier real estate finance company in the country, Walker & Dunlop leverages its deep industry knowledge and a dedicated team of over 500 professionals across more than 25 offices nationwide.
Founded with a vision to offer a boutique level of service within a large lending platform, Walker & Dunlop provides a comprehensive suite of financing products. These include first mortgage loans, second trust loans, supplemental financing, construction loans, mezzanine loans, and bridge/interim loans. The company predominantly generates revenue from gains in mortgage banking activities and servicing fees, operating solely within the United States.
Walker & Dunlop partners with major financial entities such as Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration to offer its products. Their financing solutions are designed to cater to a range of needs, whether for their own balance sheet, investment partners, or for sale to life insurance companies, banks, and CMBS providers.
Recent achievements include notable growth in market coverage and strategic partnerships, enhancing their ability to provide unparalleled customer service. The company prides itself on combining the resources of a large firm with the personalized service typical of boutique firms, ensuring clients receive the best financing options available.
Walker & Dunlop has launched CREUnited, an alliance focused on increasing diversity within the commercial real estate industry. Despite minorities representing over 48% of U.S. renters, only 4% of real estate companies are minority-owned. CREUnited aims to expand minority representation and assets under management (AUM) by fostering collaboration among industry leaders such as Fannie Mae and Freddie Mac. Key objectives include improving access to capital and professional networks, aiming for a measurable impact on minority-owned firms.
Walker & Dunlop announced the upcoming release of its second quarter 2021 earnings on August 5, 2021, before market opening. The company will hold a webcast to discuss the financial results at 8:30 a.m. Eastern time on the same day. Walker & Dunlop is recognized as a leading provider of capital to the multifamily industry in the United States and ranks fourth in overall commercial real estate lending. The company continues to focus on enhancing inclusivity and sustainability within its operations and community engagement.
Walker & Dunlop has officially completed its acquisition of Zelman & Associates, a top housing research and investment banking firm. This strategic move is expected to bolster Walker & Dunlop's growth by enhancing its property sales platform and debt financing capabilities. The acquisition aligns with the company's goal of achieving $25 billion in property sales and $65 billion in annual debt financing by 2025. Zelman's insights into the single-family rental market will further support Walker & Dunlop's objectives in expanding its investment banking platform.
Walker & Dunlop has acquired TapCap, a technology firm that offers web-based software for real-time quotes on commercial real estate debt. This strategic move aims to enhance the loan application process, reduce costs, and improve borrower experience. The acquisition aligns with Walker & Dunlop's goal to scale small loan originations to $5 billion by 2025. Zac Rosenberg, TapCap's CEO, will lead in their technology group, further integrating advanced tech solutions into their lending operations.
Walker & Dunlop has expanded its property sales team by hiring Managing Directors Matt Barnett, David Potarf, Dan Woodward, and Senior Director Jake Young in Denver, Colorado. This strategic move aims to boost its multifamily property sales volume to over $25 billion by 2025. The newly appointed team members bring an average of 20 years of experience and a proven track record of $12.8 billion in transaction volume, enhancing Walker & Dunlop's presence in the competitive Mountain West market.
Walker & Dunlop has appointed Susan Mello as the new Group Head of Capital Markets, based in Englewood Cliffs, New Jersey. Mello will oversee the company's Capital Markets platform, which focuses on structuring debt and equity transactions. Her extensive background includes managing over $5 billion in value-add investments at PGIM Real Estate. President Howard Smith emphasized Mello's unmatched experience and relationships in the industry, anticipating her leadership will accelerate Walker & Dunlop's ambitious Drive to '25 goals, which aim for $65 billion in annual debt financing by 2025.
Walker & Dunlop has appointed Kelly Mitchell as Managing Director in Bethesda, Maryland. With over a decade of experience, Mitchell aims to enhance outreach to institutional clients and drive growth in debt financing volume. Previously, she was a Senior Director at Fannie Mae, achieving $11.6 billion in production in 2020. Walker & Dunlop is the top provider of capital in the multifamily market, with $31 billion in transactions and $24 billion in financing in 2020. The company emphasizes diversity and talent development within its initiatives.
Walker & Dunlop has successfully arranged $10,084,000 in financing for Curtis Industrial Park, a 520,085 square foot industrial condominium in Sharon Hill, Pennsylvania. The financing included $3,672,000 for refinancing and $6,412,000 for acquiring additional space. Managed by John Banas and Kris Wood, the team leveraged a regional bank for this complex transaction. The property is fully occupied and strategically located near key Philadelphia thoroughfares. Walker & Dunlop is recognized for its capabilities in industrial financing, completing 160 transactions across 21 states in 2019 and 2020.
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