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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 arranged $82 million in bridge financing for The Rise Flagler Village, a 348-unit apartment project located in Fort Lauderdale, Florida. This 30-story building, opened in April 2020, is situated in a revitalized area offering diverse shopping and dining options. The financing, structured by Managing Director Eric McGlynn, will refinance existing construction debt and includes a four-year term. Walker & Dunlop reported $10.4 billion in loan originations in 2019, emphasizing its strong industry network.
Walker & Dunlop announced the sale of The Columns at Bentley Manor, a 418-unit apartment community in Marietta, Georgia. The transaction highlights the property's strategic location near the Cumberland and Galleria submarkets, with access to over 31 million square feet of office space and proximity to The Battery Atlanta. The buyer, The Carroll Organization, plans a $3.5 million capital improvement plan. Walker & Dunlop facilitated financing through Freddie Mac's program. In 2019, Walker & Dunlop completed $5.4 billion in property sales and $26.6 billion in debt originations.
Walker & Dunlop, based in Bethesda, Maryland, announced its commitment to diversity and inclusion within the commercial real estate sector. The company aims to double minority and female representation in leadership roles by 2025. As part of this initiative, they have launched a partnership with Management Leadership for Tomorrow to support the Black Equity at Work Certification, focusing on improving Black representation and compensation equity. The certification emphasizes creating an inclusive work environment and implementing just business practices, ensuring measurable progress in diversity efforts.
Walker & Dunlop announced the successful sale of Valentina by Alta, a 110-unit apartment community located in the desirable Little Italy neighborhood of San Diego, California. Completed in summer 2019, the property features luxury amenities and significant local interest. The sale was facilitated by Walker & Dunlop's property sales team, representing Wood Partners and purchased by TA Realty. Walker & Dunlop was ranked among the top multifamily lenders in 2019, with a notable $5.4 billion in sales volume.
Walker & Dunlop will release its third quarter 2020 results on October 29, 2020, before the market opens. A webcast is scheduled for 8:30 a.m. Eastern time the same day to discuss the results. Interested parties can access the webcast through the provided link or by calling +1 408 901 0584. Walker & Dunlop is a leading commercial real estate finance company in the U.S., providing diverse capital solutions and investment sales brokerage services. The company is part of the S&P SmallCap 600 Index and has been recognized in FORTUNE Magazine for rapid growth in previous years.
Walker & Dunlop Investment Partners (WDIP) has appointed Salika Khizer as Director of its Capital Formation team, enhancing its focus on middle-market commercial real estate investments. Based in San Francisco, Khizer brings over eight years of fundraising experience, previously serving as vice president at CIM Group. WDIP, a wholly-owned subsidiary of Walker & Dunlop, aims to provide diverse capital solutions to underserved market segments. The firm continues to expand its suite of private equity and debt strategies tailored for commercial real estate.
Walker & Dunlop, in partnership with GeoPhy, announced the expansion of its appraisal business, Apprise, into the Financial Reporting sector, led by Adriane Bookwalter, CPA. This new group will provide real estate valuations for financial reporting, including fair value measurement and impairment analysis, leveraging 20 years of data on over 2.5 million units. The U.S. commercial real estate market is valued at an estimated $16 trillion, positioning Apprise to serve a broader client base. The company's appraisals have accounted for over $70 billion worth of properties annually.
Walker & Dunlop arranged $87,429,870 in Fannie Mae financing for The PRC Group, enhancing affordable housing in New Jersey. The portfolio includes Brighton Arms Apartments, Grandville Towers, and Tree Haven Apartments, totaling 792 units, with over 85% classified as mission-driven. This marks a significant achievement, as the company has facilitated over $125 million in financing for PRC in 2020. The financing structure offers four years of interest-only payments under a 12-year term, allowing for flexibility amid challenging market conditions.
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