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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, Inc. (NYSE: WD) reported total revenues of $228.1 million for Q1 2024, down 4% YoY. Net income was $11.9 million, diluted EPS $0.35, both down 55% YoY. Adjusted EBITDA increased 9% to $74.1 million. Adjusted core EPS was $1.19, up 2% YoY. Declared dividend of $0.65 per share for Q2 2024. Transaction volume down 5% YoY to $6.4 billion. Servicing portfolio grew by 6% to $132.0 billion.
Apprise Levels Up in Midwest with New Team Additions
Apprise, a leading provider of commercial and multifamily real estate valuation and consulting services, has announced its strategic expansion in the Midwest region by adding a dynamic team of five seasoned industry experts. The new team, led by Alex Hoenig, MAI, as the Regional Managing Director for the Midwest, brings a wealth of experience and expertise to further strengthen Apprise's presence in the region. With an established platform and extensive commercial and Agency multifamily expertise, this addition promises significant growth and enhanced client services for the company. Apprise focuses exclusively on the U.S. market and has a collective track record of valuing $350 billion worth of commercial real estate properties to date, comprising more than 750 thousand units per year. Furthermore, the company has been awarded the 2023 PropTech Breakthrough Appraisal Solution of the Year award.
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