Walker & Dunlop, Inc. - WD STOCK NEWS

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.

Walker & Dunlop, based in Bethesda, MD, announced the hiring of Sean Reimer as Managing Director and Michael Stepniewski as Senior Director for its New York Capital Markets team. Both professionals bring extensive experience in debt and equity transactions, which aligns with the company's goal to reach $65 billion in annual debt financing by 2025. The company saw an 8% increase in debt brokerage volume in Q1 2021, totaling $4.3 billion. Their strategic additions aim to enhance the company's capabilities in the competitive commercial real estate financing market.

Walker & Dunlop arranged debt and equity financing for the acquisition of The Bungalows on Pine Cliff, a build-for-rent housing development in Flagstaff, Arizona. The structured transaction comprises $37.6 million in bridge financing. The deal involved a joint venture with Dome Equities, aiming for programmatic raises for multiple BFR developments across Arizona. The BFR sector is gaining traction, catering to growing demand from young families and retirees. Walker & Dunlop has closed over $1 billion in BFR financing, asserting its leadership in this emerging asset class.

Walker & Dunlop has announced $55.68 million in financing for three skilled nursing facilities in the Chicago area: Chalet Living & Rehab Center ($24.64 million), The Grove of Evanston ($18.88 million), and The Grove of La Grange Park ($12.16 million). Senior Managing Director Joshua Rosen emphasized the company's expertise in HUD loan programs, securing significant debt savings. With its position as the #1 capital provider in the U.S. multifamily market and significant transaction volume, Walker & Dunlop continues to support essential healthcare facilities during the pandemic.