Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop, based in Bethesda, announced the sale and financing of OLiVE DTLA, a 293-unit Class A multifamily property in Downtown Los Angeles. Completed in 2016, the seven-story building is strategically located near major entertainment venues. The company facilitated the transaction with key representatives involved in the financing process on behalf of the buyer, Waterton. OLiVE DTLA boasts modern amenities, including a pool, fitness center, and premium finishes, enhancing its appeal within the competitive Los Angeles rental market.

Walker & Dunlop announced the structuring of $145 million in HUD financing for three multifamily properties in Utah, including $41.4 million for Boulder Canyon Apartments, $43.8 million for Canyon View Apartments, and $60.3 million for Sugar Alley Apartments. The financing allows the borrower to pay off existing debts and fund repairs. Sugar Alley will feature 193 units and retail space, expected to open in October 2022. Walker & Dunlop continues to grow in the Utah market, partnering closely with Eight Bay Advisors.

Walker & Dunlop announces that it will release its fourth quarter and full-year 2020 results on February 4, 2021, before the market opens. A webcast discussing the results will follow at 8:30 a.m. Eastern time on the same day. The company, listed under the ticker WD, is a major player in the commercial real estate finance sector, providing capital solutions and investment sales brokerage services. Walker & Dunlop has been recognized for growth, featuring in FORTUNE Magazine's Fastest Growing Companies during 2014, 2017, and 2018.

Walker & Dunlop announced $29,737,500 in bridge financing for The Garage, a redeveloped Class A mixed-use property in New Orleans. The five-story building features 51 multifamily apartments, 11 penthouses, and retail space. Originally built in 1951, it was acquired by Wisznia Architecture + Development in 2008 and completed in December 2019, now achieving 60% occupancy. The financing retired existing loans and supports the lease-up and tenant improvements. Walker & Dunlop's extensive capital network is highlighted, with $5.9 billion in loan originations in 2020.

Walker & Dunlop has secured $47,293,000 in financing for seven affordable housing properties across Rochester, New York, Rocky Mount, North Carolina, and Danville, Virginia, preserving 1,220 units of affordable housing. The financing includes permanent loans with terms of seven to ten years and attractive fixed rates. Key properties include Charlotte Harbortown Homes and Cokey Apartments, with a focus on enhancing community investment and stability. The collaboration with Stonebridge Global Partners and Freddie Mac highlights Walker & Dunlop's leadership in multifamily lending.

Walker & Dunlop announced the structuring of $84,000,000 in financing for Sanctuary Doral, a new 226-unit Class A apartment building in Doral, Florida, featuring nearly 27,000 square feet of retail space. The financing, led by Jeremy Pino and Livingston Hessam, will be used as a construction loan takeout prior to the development's lease-up, currently at 30 percent occupancy. This partnership highlights Walker & Dunlop's expertise in complex commercial real estate financing.

Walker & Dunlop has facilitated $21.4 million in financing for two affordable housing developments in Milwaukee, Wisconsin: $12.5 million for Windsor Court Apartments and $8.9 million for Lindsay Commons. Both properties, featuring 354 units, are supported by Section 8 HAP contracts and LIHTC restrictions. The financing was arranged on behalf of Stonebridge Global Partners, which has a strong history with Freddie Mac, completing over 28 transactions since 2015. Walker & Dunlop, a top multifamily lender in the U.S., continues to emphasize the importance of affordable housing investment.

Walker & Dunlop has expanded its multifamily property sales capabilities by hiring a new team in Chicago. This team, comprising Managing Directors Todd Stofflet and Jason Stevens, along with Associate Director Brad Smith, will focus on marketing and sales in the Midwest. They bring a combined experience of $3.2 billion in property sales from their previous positions at Cushman & Wakefield. The company aims to grow its annual property sales volume to $25 billion by 2025, enhancing its market presence despite challenges faced in 2020.

Walker & Dunlop has successfully brokered the sale and secured acquisition financing for the Collection at Overlook, a 411-unit multifamily property in San Antonio, Texas. The transaction involved a collaborative effort from multiple teams within Walker & Dunlop, showcasing their robust operational capabilities. The financing through Freddie Mac's Green Advantage includes a low-rate ten-year term with five years of interest-only payments, enabling unit renovations for 304 units to enhance the property's value. This deal underlines Walker & Dunlop's position as a major player in the commercial real estate finance sector.