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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.
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Zelman Partners, a Walker & Dunlop Company, acted as the exclusive buy-side M&A advisor for Dream Finders Homes in its acquisition of Crescent Homes. The acquisition expands Dream Finders' presence in Charleston, Greenville, and Nashville markets. Zelman has completed six M&A transactions worth over $1.5 billion in the past year, showcasing expertise in the housing sector.
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Walker & Dunlop, Inc. welcomes three CBRE veterans to its Midwest Investment Sales team, enhancing market expertise and client service. The team aims to provide strategic advice, investment analysis, and transaction management for institutional and private clients in the multifamily property sector. With over $6.7 billion in combined volume and 50 years of experience, the team is poised to help clients achieve their investment goals.
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Walker & Dunlop, Inc. (NYSE: WD) reported its strongest quarterly results of 2023 in the fourth quarter, with total transaction volume of $9.3 billion and total revenues of $274.3 million. Despite a decrease in net income and diluted earnings per share, adjusted EBITDA remained stable. The company declared a dividend increase for the first quarter of 2024, showcasing resilience in a challenging market environment.
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Walker & Dunlop, Inc. has funded a $380,000,000 credit facility for the refinance of 11 student housing properties on behalf of Scion Student Communities. The joint venture among The Scion Group LLC, General Investment Corporation of Singapore, and Canada Pension Plan Investment Board marks a significant milestone for Walker & Dunlop, which has now originated over $3 billion in debt for Scion. The new Fannie Mae Credit Facility allowed the borrower to eliminate all floating rate exposure, refinancing maturing one-off loans. The transaction was expedited, effectively rate locked, and closed in just 35 days.
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Walker & Dunlop, Inc. has funded a $380 million credit facility for the refinance of 11 student housing properties on behalf of a joint venture lead by The Scion Group LLC, the largest owner/operator of off-campus student housing communities globally. The transaction marks a significant milestone as Walker & Dunlop has now originated over $3 billion in debt for The Scion Group. The new facility allowed the borrower to eliminate all floating rate exposure in their original credit facility while refinancing several maturing one-off loans. This complex transaction achieved multiple strategic goals for the partnership and is another example of Walker & Dunlop's differentiated expertise in student housing financing and sales.
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Walker & Dunlop Investors Partners (WDIP) has closed its latest fund, focusing on multifamily bridge financing. The fund has $157,500,000 of equity commitments and intends to utilize leverage to support between $450 million and $600 million in lending capacity. The core strategy is to originate senior secured bridge mortgage loans with a maximum stabilized loan to value of 75%, with a target size between $10 - $100 million, secured by multifamily assets nationwide. The fund aims to finance primarily class A quality multifamily assets across the U.S.
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Walker & Dunlop, Inc. (NYSE: WD) has been recognized as the largest Fannie Mae DUS lender by volume in 2023, and also finished as the #3 Freddie Mac Optigo Lender. The company delivered $11.2 billion of loan deliveries in 2023, making it the second largest GSE lender in the country. Despite the challenging market conditions due to rising interest rates, Walker & Dunlop's partnership with Fannie Mae allowed them to provide clients with capital and financing solutions at significant scale.
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Walker & Dunlop, Inc. will release its Q4 and full-year 2023 results on February 15, 2024, followed by a conference call to discuss the quarterly results. Listeners can access the call via phone or webcast. A webcast replay will be available on the Investor Relations section of the Company’s website.
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Walker & Dunlop, Inc. (WD) expands its Carolinas Investment Sales team with Managing Director Michael Saclarides and Director Devin Bryan, focusing on multifamily institutional brokerage activities in Charlotte and the rest of the Carolinas. Saclarides will lead sales efforts from the Charlotte office, leveraging his extensive experience in capital markets transactions. Walker & Dunlop is a leader in multifamily property sales, with nearly $6 billion in property sales volume and almost $18 billion in debt financing volume through September 30, 2023.
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Walker & Dunlop, Inc. (WD) arranged a $157.5 million loan to refinance Post District, a Class A mixed-use complex in downtown Salt Lake City, Utah. The loan was co-originated with Affinius Capital LLC and Clarion Partners to repay existing debt, fund future costs, and repatriate equity to the client. Post District consists of 580 residential units across four buildings with 26,000 rentable square feet of retail space, attracting young professionals and families to downtown Salt Lake. The property represents a walkable commercial and residential corridor, appealing to renters with high-paying jobs in the area.
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FAQ
What is the current stock price of Walker & Dunlop (WD)?
The current stock price of Walker & Dunlop (WD) is $106.62 as of November 15, 2024.
What is the market cap of Walker & Dunlop (WD)?
The market cap of Walker & Dunlop (WD) is approximately 3.6B.
What services does Walker & Dunlop offer?
Walker & Dunlop offers financing and investment sales solutions for multifamily and commercial properties. Their products include various loan types such as first mortgage, construction, mezzanine, and bridge loans.
Where does Walker & Dunlop operate?
Walker & Dunlop operates across the United States with over 25 offices and a team of more than 500 professionals.
What entities does Walker & Dunlop partner with?
Walker & Dunlop partners with Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration, among others, to provide its range of financial products.
What is the primary source of revenue for Walker & Dunlop?
The primary sources of revenue for Walker & Dunlop are gains from mortgage banking activities and servicing fees.
What makes Walker & Dunlop's service unique?
Walker & Dunlop combines the resources of a large lending platform with a boutique level of personalized service, offering clients the best of both worlds.
What type of properties does Walker & Dunlop finance?
Walker & Dunlop finances multifamily and other commercial properties.
How many professionals work at Walker & Dunlop?
Walker & Dunlop employs over 500 professionals.
Does Walker & Dunlop service its own loans?
Yes, Walker & Dunlop services a significant portion of its originated loans.
What recent achievements has Walker & Dunlop made?
Walker & Dunlop has expanded its market coverage and forged strategic partnerships, enhancing its ability to provide exceptional customer service.
What is Walker & Dunlop's business model?
Walker & Dunlop's business model involves originating, selling, and servicing various financing products under the programs of major financial entities.
Walker & Dunlop, Inc.
NYSE:WD
WD Rankings
WD Stock Data
3.60B
33.77M
5.3%
85.16%
3.06%
Mortgage Finance
Finance Services
United States of America
BETHESDA