Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop (NYSE: WD) announced plans to refinance its senior secured term loan, increasing the principal amount to $600 million. The funds will be used to pay off the existing loan and to finance the pending acquisition of Alliant Capital. The transaction is expected to close in November 2021 and is subject to market conditions, with ratings from S&P and Moody's anticipated.

Walker & Dunlop has released its 2020 Environmental, Social and Governance (ESG) report, detailing its sustainability efforts and goals. The report covers emissions data, employee programs focused on diversity and inclusion, community outreach, and risk management. Key goals include a 50% reduction in emissions per employee by 2025, increasing representation of women and minorities in leadership roles, and donating 1% of pre-tax profits to charity. The company aims to enhance its ESG impact significantly, reflecting a commitment to corporate responsibility.

Walker & Dunlop announced the structuring of $164 million in financing for The Goodtime Hotel in Miami Beach, Florida. The boutique hotel, opened in April 2021, features 266 luxury rooms and extensive amenities. The financing, a three-year interest-only bridge loan, was arranged by Aaron Appel and his team, identifying JP Morgan as the ideal capital source. This financing supports the hotel's growth amidst rising demand in experiential hospitality, highlighting Walker & Dunlop's strong capital market capabilities.

Walker & Dunlop arranged a construction financing of $30,388,000 for a 110-unit single-family rental community called The Clublands of Antioch, developed by Moda Homes in Antioch, Illinois. The project is part of a 1,000-unit master-planned community that offers modern amenities and access to local attractions. The financing is provided by CoreVest Finance with a floating rate, nonrecourse loan featuring a two-year term and a six-month extension option. This marks Walker & Dunlop's first partnership with CoreVest and Moda Homes in the Chicago area.

Walker & Dunlop, Inc. announced its role as the exclusive advisor in the $57,250,000 sale of a 70,500 square-foot industrial facility in Queens, New York. This property caters to the growing demand for last-mile distribution centers driven by e-commerce. The transaction exemplifies a trend towards developing industrial parks in urban infill locations.

Mo Beler led the team, which included Aaron Appel and others, in navigating complex transaction details. Walker & Dunlop's robust network facilitated this successful transaction.

Walker & Dunlop has finalized the sale and financing of Hanover Warner Center, a 395-unit multifamily property in Los Angeles, completed in 2020. The property, situated in an area poised for $7 billion in investments, features high-end amenities and finishes. Notably, Walker & Dunlop reported $4.74 billion in property sales during the first half of 2021 and over $31 billion in multifamily transactions in 2020. This positions them as a leader in the multifamily market.

Walker & Dunlop announced the sale of Vineyards, a 369-unit garden-style community in Katy, Texas, enhancing its portfolio's value. The property features long-term stability and growth potential, particularly due to its location in a top-ranked school district. The Houston Multifamily Investment Sales team represented Preferred Apartment Communities, with Knightvest Capital as the buyer. Walker & Dunlop continues to lead the multifamily sector, having achieved $6.1 billion in property sales in 2020.

Walker & Dunlop Investment Partners has partnered with Ivanhoé Cambridge to launch a programmatic joint venture focused on preferred equity investments in multifamily, student housing, and manufactured housing properties in the U.S. The venture targets stabilized properties primarily in the top 25 MSAs, with investment horizons of three to ten years. This initiative aims to meet increasing demand for flexible gap financing in a low cap rate, high-liquidity market, providing sponsors with cost-effective capital solutions.

Walker & Dunlop, a leader in affordable housing finance, announced the addition of P.J. McDevitt as Managing Director to bolster its affordable housing team. McDevitt brings significant expertise, having originated nearly $1 billion in affordable housing transactions since 2018. His focus will be on driving national loan origination growth. The firm aims to achieve $60 billion in affordable and workforce housing volume over the next five years. Walker & Dunlop has financed $17 billion in affordable housing over the past three years, solidifying its position as a top non-bank lender.