Walker & Dunlop, Inc. - WD STOCK NEWS

Walker & Dunlop announced the hiring of TJ Edwards as Managing Director in Bethesda, Maryland. With extensive experience in multifamily finance, Edwards aims to enhance origination efficiency and client relations. Previously, he managed $6.8 billion in loan purchases at Freddie Mac, where he also championed diversity initiatives. Edwards' leadership is expected to drive growth in debt financing and assets under management. Walker & Dunlop is a leading commercial real estate finance company, known for its commitment to client satisfaction and fast growth.

Walker & Dunlop, Inc. announced the rebranding of JCR Capital Investment Corporation as Walker & Dunlop Investment Partners, Inc. (WDIP) following its acquisition two years ago. Sam Isaacson has been promoted to President of WDIP, overseeing daily operations. The change aims to enhance investment management and integrate JCR's operations into Walker & Dunlop, which aspires to build an $8-10 billion investment management business. Key figures, Jay Rollins and Maren Steinberg, remain involved in strategic guidance and managing current funds. WDIP focuses on middle-market real estate investment opportunities.

Walker & Dunlop has announced the hiring of Josh Ward as Senior Director for their multifamily appraisal business, Apprise, which is a joint venture with GeoPhy. Based in Charlotte, North Carolina, Ward brings over 20 years of experience in commercial real estate valuation. His expertise will enhance Apprise's ability to deliver data-driven, efficient multifamily appraisals across the Carolinas and the greater Southeast. Apprise has quadrupled its team size since January 2020, handling over $70 billion in appraisals annually.

Walker & Dunlop, in partnership with GeoPhy, expands its multifamily appraisal business, Apprise, by hiring Senior Directors John Wu and Anthony Fontanazza. Wu, based in Chicago, specializes in affordable housing with over 13 years of experience, while Fontanazza focuses on multifamily assets in South Florida. Apprise aims to enhance its service offerings across the U.S., leveraging advanced data analytics for efficient valuations. The team has grown significantly and appraised over $70 billion in commercial real estate annually, targeting nationwide coverage by year-end.

Walker & Dunlop announced the financing of the McCall Warehouse Portfolio, a 143,060 square foot multi-tenant industrial warehouse in Austin, Texas. The financing was secured through LaSalle Investment Management, facilitated by Senior Director Harvey Pava. All five tenants have extended their leases for five more years. Despite market volatility due to COVID-19, favorable debt terms were achieved. The warehouse benefits from a high-demand location near the Tesla Gigafactory, and Walker & Dunlop's strong industrial finance network completed $914 million in transactions for 2019.

Walker & Dunlop expands its multifamily investment sales platform in South Florida, welcoming Still Hunter III and Kaya Suarez to its team. Their expertise will enhance property sales in the region, leveraging strong client relationships and market knowledge. The company aims to grow its annual sales volume to over $8 billion by year-end 2020. Walker & Dunlop has seen significant growth, doubling its property sales team since 2018 and opening new offices across major U.S. cities. This strategic move reinforces its position as a leader in multifamily property sales.

Walker & Dunlop has successfully structured $5.2 million in permanent financing for Amaryllis Park Place, an 84-unit affordable housing project aimed at seniors. This milestone marks the company's first deal led entirely by an all-female team. The project utilizes nine percent Low Income Housing Tax Credits and is backed by funding from Freddie Mac, Bank of America, and Enterprise Community Partners. Walker & Dunlop aims to finance $10 billion in affordable housing over the next five years, highlighting its commitment to diversity and community development.

Walker & Dunlop, a leading commercial real estate finance company, has secured $67,211,400 in financing for the Shoma Village Apartments project in Hialeah, Florida. This mixed-use development includes 304 apartment units and retail space. The financing is arranged through HUD's 221(d)(4) program, offering construction and permanent financing in one loan, with a 40-year fixed-rate structure. Despite challenges posed by COVID-19, the company's ability to close this deal underscores the project's strength and developer confidence in HUD financing.

Walker & Dunlop arranged $51.88 million in bridge financing for The Rise Central, a 230-unit apartment project in Beaverton, Oregon. The property is strategically located near Portland, with amenities such as Nike and Intel nearby. The financing, involving a senior loan and mezzanine loan, includes a two-year initial term with a one-year extension option. At closing, 82% of the apartments were leased. The project is owned by Rescore Property Corp, supported by Encore Capital Management, managing over $3 billion in assets.