BETHESDA, Md., Nov. 1, 2018 /PRNewswire/ -- Walker & Dunlop, Inc. (the 'Company') announced today that it has acquired iCap Realty Advisors ('iCap'), a mortgage banking firm based in Atlanta, Georgia that provides debt placement solutions for all commercial real estate asset classes. iCap services approximately $2 billion of life insurance company loans, substantially all of which will be added to Walker & Dunlop's servicing portfolio before year end.
iCap's five bankers and brokers and their support staff have joined Walker & Dunlop's Capital Markets group, including Managing Directors Alfie Means and David Collie, who will oversee the team's origination activities. The team has historically originated between $700 million and $1 billion of annual brokered volume through a broad range of capital providers.
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'We are thrilled to welcome the talented iCap team to Walker & Dunlop,' commented Chairman and CEO Willy Walker. 'With the goal to grow our annual loan originations to $30 to $35 billion by the end of 2020, we have been very focused on expanding our Capital Markets presence into major markets where we are under-represented, such as Atlanta. As one of the largest mortgage banking firms in Georgia, iCap will immediately benefit Walker & Dunlop through its deep client relationships and strong deal flow.'
Mr. Means stated, 'The Walker & Dunlop platform was extremely attractive to us due to its market reputation, leading position in multifamily, and strategic growth objectives.' Mr. Collie continued, 'Our team looks forward to continuing to grow our client base and origination volumes as part of Walker & Dunlop's national platform and brand.'
Walker & Dunlop's Capital Markets team has relationships with capital providers across the country including banks, life insurance companies, and CMBS conduits. Through September 30, 2018, Walker & Dunlop has closed $5.7 billion in brokered loan originations, an 11 percent increase compared to the same period in 2017. To learn more about Walker & Dunlop's diverse array of financing options, visit our website.
About Walker & DunlopWalker & 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 700 professionals in 29 offices across the nation with an unyielding commitment to client satisfaction.
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SOURCE Walker & Dunlop, Inc.
DisclaimerWalker & Dunlop Inc. published this content on 01 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 November 2018 20:26:19 UTC
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