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W&D Expands Platform with CMBS, High-Yield, Mezz

BETHESDA, MD-This is part of Walker & Dunlop's larger push to be all things financial to the multifamily community, Tim Koltermann tells GlobeSt.com's Erika Morphy.

By Erika Morphy | Updated on November 06, 2013

BETHESDA, MD-Walker & Dunlop, which has been aggressively building out its financial offerings and geographic footprint over the past few years, took a significant leap forward with its latest endeavor: the debut of a CMBS lending platform from which the company hopes to originate $1 billion a year, starting at the beginning of 2014.

Walker & Dunlop entered into a partnership with an affiliate of a fund managed by Fortress Investment Group to form the venture, which in fact will serve as more than just a conduit. Also part of the mix will be high-yield whole loans, mezzanine debt and preferred equity. The JV will be called Walker & Dunlop Commercial Property Funding, LLC and it will be headquartered in New York City, headed by industry veteran Tim Koltermann. Koltermann tells GlobeSt.com that the company is in the process of hiring “a senior group of people” who will join next month.

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