Walker & Dunlop, Inc. - WD STOCK NEWS

Walker & Dunlop, a leading commercial real estate finance firm, plans to release its first quarter 2023 results before market opening on May 4, 2023. A webcast will follow at 8:00 a.m. Eastern time on the same day for stakeholders to discuss the quarterly outcomes. The webcast is accessible via registration at this link or by phone at +1 408 901 0584 with a specific Webinar ID and password. Walker & Dunlop is recognized for its client-focused services, supporting community development across the U.S. The results presentation aims to provide insights into the company's financial performance and future outlook.

DiamondHead Holdings Corp. has completed its business combination with Great Southern Homes, resulting in the renaming of the company to United Homes Group, Inc. Effective March 31, 2023, its stock will trade under the ticker symbol UHG on Nasdaq. Great Southern Homes, a major homebuilder in the Southeast, emphasizes affordable entry-level housing and plans to use a capital-efficient land-light model. The management team will remain in place, and the combination aims to enhance growth opportunities in rapidly expanding markets. Advisors for the deal included BTIG and Zelman Partners.

Walker & Dunlop has successfully arranged $94 million in construction financing and $49 million in equity for Wildflower Ltd.'s College Point Logistics Center in Queens, NY. This Class A logistics warehouse will feature 81,000 rentable square feet and 160,000 square feet of two-floor structured parking. The project aims to meet the growing demand for modern industrial facilities in the area and is set for completion in Q2 2024. Walker & Dunlop's Capital Markets team demonstrated expertise by securing funding in a challenging capital market environment, as evidenced by the $26 billion sourced in capital for various transactions in 2022.

Walker & Dunlop has appointed Kathleen Balderrama as Group Head for Alliant Capital, enhancing its leadership in affordable housing financing. Balderrama, with nearly two decades of experience in LIHTC and affordable housing, succeeds Shawn Horwitz. Walker & Dunlop aims for $60 billion in affordable housing finance by 2025, having already originated $20.4 billion over the last two years. Alliant manages over $14 billion in assets, helping more than 400,000 low-income families. The company continues to strengthen its position in tackling the national housing crisis.

Walker & Dunlop, Inc. (NYSE: WD) has appointed an all-women leadership team within its Small Balance Group (SBG), marking a historic organizational change. Alison Williams becomes the senior vice president and Group Head of SBG, with Angelica Dichoco, Stephanie Pratt, and Melissa Jahnke taking key roles in underwriting, closing, and operations respectively. The firm aims to drive annual small balance lending volume to $5 billion by 2025, building on previous successes as the #3 Fannie Mae Multifamily Small Loan lender. This move is expected to enhance alignment and innovation within SBG, further supporting the company’s growth in the multifamily segment.

Walker & Dunlop arranged $51 million in construction financing for the Sky Building project in Oakland Park, Florida. The mid-rise development will feature 136 affordable and workforce housing units, along with 15,000 sq. ft. of retail space. This project, strategically located in an Opportunity Zone, aims to address the community's need for affordable housing. The financing solution achieved over 80% loan to cost and was facilitated through beneficial relationships with senior lenders. Walker & Dunlop is on track to meet its goal of $60 billion in affordable housing financing by 2025, having originated $20.4 billion in the last two years.

Walker & Dunlop, Inc. (NYSE: WD) announces the successful refinancing of a $46 million loan for the Terrace Portfolio, consisting of four assisted living facilities in Vermont and New Hampshire. Led by Frank Cassidy, the refinancing transitions from a bridge loan arranged in December 2020 to permanent HUD financing. The portfolio includes Wheelock Terrace, Windham Terrace, Woodstock Terrace, and Valley Terrace, offering comprehensive services for residents. Cassidy emphasized their deep understanding of the industry, which aided in executing the client’s vision. This deal marks Walker & Dunlop's continued commitment to senior housing financing.

Walker & Dunlop Inc. (NYSE: WD) has arranged a $131 million construction loan for a new 35-story residential development at 23-10 42nd Road in Long Island City, New York. The project, featuring 240 apartments and over 15,000 square feet of amenities, aims to be completed by Summer 2025. Werwaiss Properties is developing the project with Albanese Development Corporation as the manager. The loan is provided by Corebridge Financial and PCCP, with the partnership aimed at creating attainable housing in a growing area.