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.
"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 & 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 700 professionals in 29
offices across the nation with an unyielding commitment to client
satisfaction.
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SOURCE Walker & Dunlop, Inc.