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Stock impact report

Walker & Dunlop Closes Largest Transaction in Company History with $2.4 Billion Credit Facility

Walker & Dunlop, Inc (WD) 
Last walker & dunlop, inc earnings: 2/5 06:00 am Check Earnings Report
Company Research Source: PR Newswire
BETHESDA, Md., April 30, 2020 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it closed the largest transaction in company history; a $2.4 billion Fannie Mae Credit Facility to refinance 67 multifamily properties located in the Washington, D.C. metropolitan area. The borrower, Southern Management Corporation, is the largest privately-owned residential property-management company in the Mid-Atlantic region. The portfolio financed is comprised of 22,439 units in total, over 60 percent of which qualify as mission-driven, affordable housing under Federal Housing Finance Agency (FHFA) guidelines. "Walker & Dunlop's creativity, tenacity, and market knowledge resulted in a superior execution for this large and complex transaction amidst the uncertainty of a rapidly unfolding financial and health crisis," said Suzanne Hillman, President and CEO of Southern Management Corporation. "I am so glad that Southern chose to work with Brendan Coleman and his team at W&D. The effort, skill, Show less Read more
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