News & Videos - WALKER & DUNLOP INC

Please replace the release with the following corrected version due to multiple revisions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240207867390/en/ The Radian at the University of Pennsylvania (Photo: Business Wire) The updated release reads: WALKER & DUNLOP FUNDS $380M FOR STUDENT HOUSING CREDIT FACILITY Walker & Dunlop, Inc. has funded a new $380,000,000 credit facility for the refinance of 11 student housing properties on...

Apprise by Walker & Dunlop announced today that it has grown its Western U.S. valuation and advisory team. The newly combined team of four brings appraisal experience that will offer deep knowledge and expertise to ensure credible and timely reports for growing client demands. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230821601429/en/ John Park, MAI (Photo: Business Wire) "We are proud to continue expanding our team of highly...

Walker & Dunlop, Inc. announced today that Apprise has been awarded the annual “Appraisal Solution of The Year” award by PropTech Breakthrough , a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products and services around the globe. Apprise is Walker & Dunlop’s independent, third-party valuation, data, risk mitigation, and advisory platform, which consists of expert appraisers and valuation specialists, coupled...

Walker & Dunlop, Inc. announced today that it provided $108.8 million in financing for Park Chelsea, a premium 429-unit apartment building in Washington, D.C. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230809331467/en/ Park Chelsea (Photo: Business Wire) The Walker & Dunlop multifamily finance team was led by Brendan Coleman and Connor Locke . Park Chelsea is owned by WC Smith, a Fannie Mae priority borrower and longstanding...

Walker & Dunlop, Inc. (NYSE: WD) (the “Company,” “Walker & Dunlop” or “W&D”) reported second quarter total transaction volume of $8.4 billion, down 63% year over year, due to the Federal Reserve’s continued tightening. Despite dramatically lower transaction volume, Walker & Dunlop’s total revenues were down just 20% year over year due to the strength of recurring, non-transaction-based servicing and asset management revenues. Net income was $27.6 million in the second quarter,...

Walker & Dunlop, Inc. announced today that one of the company’s premier Capital Markets teams, led by Matt Wallach , Stephen West , and Walker Layne , has financed 10 age restricted (55+) multifamily transactions totaling $390 million in the past 12 months and over $1 billion in volume during the past five years. The debt capital was sourced from the GSEs, multiple life companies, banks, and debt funds. These recent transactions illustrate the growing trend and increase in active adult...

Walker & Dunlop, Inc. announced today that it arranged $150 million in financing for Quantum at Flagler Village, a unique class A mixed-use property located in Fort Lauderdale, Florida. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230724537419/en/ Quantum at Flagler Village Exterior (Photo: Business Wire) The Walker & Dunlop Capital Markets team, managed by Joe Hercenberg , arranged the financing for the mixed-use property, securing...

Walker & Dunlop, Inc. announced today that it will release its second quarter 2023 results before the market opens on August 3, 2023. The Company will host a conference call to discuss the quarterly results on August 3, 2023, at 8:00 a.m. Eastern time. Listeners can access the call by dialing (877) 400-0505 from within the United States or (773) 305-6865 from outside the United States and are asked to reference the Confirmation Code: 9150804. A simultaneous webcast of the call will be available...

Walker & Dunlop, Inc. announced today that it arranged $40 million in limited partner equity and $135 million in construction financing for the development of 5000 Richmond Street, a 750,000 square foot last mile industrial distribution facility in Philadelphia, PA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230712795932/en/ 5000 Richmond Street (Photo: Business Wire) Walker & Dunlop's Aaron Appel , Jonathan Schwartz , Adam...

Walker & Dunlop, Inc. announced today that its president and member of the board of directors, Howard W. Smith, III , intends to retire on January 1, 2024 after 43 years of service. Smith will not stand for reelection to the board at the next annual stockholders’ meeting. “Howard has been an exceptional partner in growing Walker & Dunlop from a small, family-owned company in 1980 to the 6th largest lender to commercial real estate in the United States in 2022," said Willy Walker , chairman...

Walker & Dunlop, Inc. announced today that it arranged $58.8 million in construction financing for Celebration Pointe Apartments, a 239-unit Class A multifamily development located in the master development of Celebration Pointe in Gainesville, Florida. Walker & Dunlop's Tampa Debt & Structured Finance team, led by Jeremy Pino , Livingston Hessam , Carl Passmore, and Kyle Miller, arranged the transaction on behalf of Viking Companies. The team secured a 65% non-recourse senior loan from a life...

There is no better time than the present to discuss the diversity problem in the housing and real estate industry. Minorities account for over 48 percent of the U.S. renter population, and single women account for 42.5 percent of renters. However, only four percent of real estate companies are owned by women or minorities. To bridge this gap, Walker & Dunlop, Inc. is increasing its efforts to amplify the DE&I conversation. Through its representation in CRE United ℠ , the company facilitates...

Walker & Dunlop, Inc. announced today that it secured a $46.6 million loan for Park Shirlington, an existing 294-unit multifamily property in Arlington, Virginia. Walker & Dunlop’s Federal Housing Administration (FHA) team, led by Chris Rumul , arranged the loan through the U.S Housing and Urban Development’s (HUD) 221(d)(4) Substantial Rehabilitation Affordable Low Income Housing Tax Credit (LIHTC) program on behalf of Standard Communities. Together with HUD, Virginia Housing, AEGON USA...

Walker & Dunlop, Inc. announced today that it arranged $140 million in loan proceeds to facilitate the refinancing of Soho Beach House, a private members club and hotel located in Miami Beach, FL. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230522005183/en/ Soho Beach House (Photo: Business Wire) Walker & Dunlop's Jonathan Schwartz , Aaron Appel , Adam Schwartz , Keith Kurland , Ari Hirt, Triston Stegall, and David Kasten were...

Walker & Dunlop, Inc. announced today that Alliant Capital , a Walker & Dunlop company, arranged $11 million in Low-Income Housing Tax Credit (LIHTC) equity investments for the construction of Baytown Apartments. The apartment community located in Hillsborough County, Florida will provide opportunities for persons with Intellectual or Developmental Disabilities (I/DD) to live in a fully- integrated environment with neurotypical persons. The team, including Dudley Benoit , senior vice president...

Zelman & Associates , a Walker & Dunlop Company, announced that Alex Virtue has joined the company as Managing Director. Based in Los Angeles, Mr. Virtue will expand Zelman’s investment banking coverage in multifamily and other asset classes and will work in close collaboration with Tony McGill , senior managing director and head of Investment Banking at Zelman in New York. "Alex’s multi-decade track record will greatly enhance our ability to provide a more holistic suite of asset and...

Walker & Dunlop Inc. ’s seniors housing team, led by Mark Myers , Joshua Jandris , Brett Gardner , Tony Cassie , and Gideon Orion , started 2023 strong, closing six deals totaling over $280 million. Despite the challenging market environment, the seniors housing team has maintained its performance, demonstrating its capacity to use transactional experience across client types, regions, and senior housing investment vehicles to offer a full-service investment solution. The closings included...

Walker & Dunlop, Inc. (NYSE: WD) (the “Company,” “Walker & Dunlop” or “W&D”) reported total revenues of $238.7 million for the first quarter of 2023, a decrease of 25% year over year. First quarter total transaction volume was $6.7 billion, down 47% year over year. Net income for the first quarter of 2023 was $26.7 million, or $0.79 per diluted share, both down 63% year over year, as the first quarter of 2022 included a one-time benefit of $39.6 million that contributed $0.92 to...

Walker & Dunlop, Inc. issued two reports today, the Multifamily Outlook (MFO) and the Alliant Strategic Investments (ASI) Impact Report. Multifamily Outlook - How good deals and doing good come together Walker & Dunlop’s semi-annual Multifamily Outlook provides insightful commentaries on current market trends with a spotlight in this issue on the Los Angeles real estate market. The economic outlook section takes a close look at the balancing act happening in the economy as the Federal Reserve...

Walker & Dunlop, Inc. announced today that it will release its first quarter 2023 results before the market opens on May 4, 2023. The Company will host a webcast to discuss the quarterly results on May 4, 2023, at 8:00 a.m. Eastern time. Listeners can access the webcast via the link below: https://walkerdunlop.zoom.us/webinar/register/WN_eTBcs1peQm-844YKx1cieA#/registration or by dialing +1 408 901 0584, Webinar ID 895 7982 9708, Password 809981 . A webcast replay will be available on the...