Bethesda, Maryland – September 20, 2017
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that it has closed the largest financing in Company history, a $1.9 billion portfolio of Freddie Mac loans to Greystar Growth and Income Fund, LP in connection with its acquisition of Monogram Residential Trust.
Willy Walker, Walker & Dunlop Chairman and CEO, commented, “It is a true honor to have been selected by Greystar to finance the largest transaction in its illustrious history. The Walker & Dunlop team, along with our partners at Freddie Mac, executed flawlessly on this large, complex transaction.” Mr. Walker continued, “There are only a few multifamily lenders in the country with the scale and expertise with the GSEs to execute on a transaction of this nature, and it is a testament to Walker & Dunlop's growth, and the incredible team we have, that we were able to execute on this financing so well.”
The financing includes 36 distinct loans on multifamily properties located in major metropolitan areas across the United States. The portfolio is comprised of 62% floating rate loans and 38% fixed rate loans, which are expected to be securitized by Freddie Mac. The Walker & Dunlop financing team was led by Matt Wallach, Stephen West, and Craig West.
“We were thrilled to work so closely with the incredible teams at Walker & Dunlop and Greystar to facilitate this significant acquisition,” said David Brickman, executive vice president & head of Freddie Mac Multifamily. “We pride ourselves on being the leading capital provider for large, complex deals, and this financing clearly demonstrates our ability to deliver innovative structures and certainty of execution to premiere multifamily operators.”
Walker & Dunlop was a top-five lender with each of the Agencies in 2016, including the 3rd largest Freddie Mac Multifamily Approved Seller. During the first half of 2017, Walker & Dunlop originated $2.3 billion of Freddie Mac loans, a 33% increase over the same period last year. To learn more about Walker & Dunlop’s financing options, visit the new www.walkerdunlop.com
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 600 professionals in 28 offices across the nation with an unyielding commitment to client satisfaction.
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