Walker & Dunlop Adds Experienced Leader to its Multifamily Small Loans Origination Team

Rhea-AI Summary

Walker & Dunlop has appointed Jared Sobel as Managing Director in its New York office, focusing on the multifamily small loans group. Sobel brings extensive experience in multifamily financing and has a successful track record with the Freddie Mac Optigo and Fannie Mae small loan programs. His arrival is expected to drive growth in Walker & Dunlop's multifamily business. The company ranks as a top lender in the multifamily space, processing over $1.5 billion in small loans since 2016.

Positive

• Appointment of Jared Sobel as Managing Director to enhance multifamily small loans growth.
• Sobel has a proven track record, previously originating loans worth over $1 billion.
• Walker & Dunlop ranked as #3 Freddie Mac Optigo Multifamily Lender and #1 Fannie Mae DUS Lender in 2019.

Negative

• None.

BETHESDA, Md., July 28, 2020 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it has hired Jared Sobel as Managing Director in its New York office. Mr. Sobel will play a leading role in the growth of the company's multifamily small loans group, which provides sustainable and affordable financing solutions for smaller apartment properties. Bringing extensive experience to Walker & Dunlop, Mr. Sobel is an expert in multifamily financing and is responsible for new loan originations nationwide.

Don King, Executive Vice President and Chief Production Officer for Walker & Dunlop's multifamily finance team, commented, "The addition of Jared will be transformational to our small loans team. He has a proven track record of success originating loans under the Freddie Mac Optigo^® Small Balance Loan Program and the Fannie Mae Multifamily Small Loan Program, a deep understanding of this niche business, and has thus been a top originator in the space for several years." He continued, "We are pleased to welcome Jared to the team, and to continue growing our presence in the multifamily small loans space."

Mr. Sobel commented, "I am looking forward to helping drive further growth in Walker & Dunlop's multifamily business. The company's brand, business results, and multifamily thought leadership bring an incredibly powerful value proposition for my current and future clients."

A leader in the small multifamily loans space, Mr. Sobel was named a Rainmaker by GlobeSt in 2018 and was recognized on Commercial Observer's 25 Under 35 list in 2017. Prior to joining Walker & Dunlop, Mr. Sobel was an Executive Vice President with the Debt & Structured Finance Group of CBRE's Capital Markets division. He played a key role in growing the firm's Freddie Mac Optigo^® Small Balance Loan platform. Throughout his career, Mr. Sobel has underwritten, analyzed, and facilitated commercial real estate transactions in excess of $1 billion, and he has been engaged on large portfolios and transactions nationwide.

The U.S. multifamily small loans market is growing rapidly, and the small loan product serves as an excellent option for Walker & Dunlop's existing client base, as well as regional banks and mortgage brokers seeking Agency financing for their customers.

Walker & Dunlop, a leader in the multifamily space, was ranked the #3 Freddie Mac Optigo^® Multifamily Lender, and the #1 Fannie Mae DUS^® Lender in 2019 and has processed over $1.5 billion in small multifamily loans since 2016. For more information on Walker & Dunlop's small balance lending programs and financing options, please visit our Multifamily Small Loans website.

About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties. Walker & Dunlop is included on the S&P SmallCap 600 Index and was ranked as one of FORTUNE Magazine's Fastest Growing Companies in 2014, 2017, and 2018. Walker & Dunlop's 850+ professionals in 40 offices across the nation have an unyielding commitment to client satisfaction.

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SOURCE Walker & Dunlop, Inc.

FAQ

What is the role of Jared Sobel at Walker & Dunlop?

Jared Sobel has been appointed as Managing Director to lead the growth of the multifamily small loans group.

How much has Walker & Dunlop processed in small multifamily loans since 2016?

Walker & Dunlop has processed over $1.5 billion in small multifamily loans since 2016.

When was Jared Sobel appointed at Walker & Dunlop?

Jared Sobel was appointed on July 28, 2020.

What recognition has Walker & Dunlop received in the multifamily lending space?

Walker & Dunlop was ranked as the #3 Freddie Mac Optigo Multifamily Lender and the #1 Fannie Mae DUS Lender in 2019.

What experience does Jared Sobel bring to Walker & Dunlop?

Jared Sobel has extensive experience in multifamily financing and has originated loans under Freddie Mac and Fannie Mae programs.