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Walker & Dunlop Closes on $3.8B HUD Servicing Portfolio

BETHESDA, MD--There were some slight adjustments made because of a loan payoff but in general the deal closed smoothly, CFO Stephen Theobald tells GlobeSt.com.

By Erika Morphy | erikamorphy | | Updated on June 22, 2016
CFO Stephen Theobald CFO Stephen Theobald

BETHESDA, MD–As far as multi-billion-dollar deals go, Walker & Dunlop’s acquisition of a $3.8-billion servicing portfolio couldn’t have closed more smoothly than it did this week, executives say.

At the start of the month, the company announced it was acquiring the commercial mortgage servicing rights of 480 loans in a $3.8-billion servicing portfolio from Oppenheimer Multifamily Housing & Healthcare Finance, a subsidiary of Oppenheimer Holdings.

The multifamily and healthcare loans are backed by the US Department of Housing and Urban Development and their acquisition by W&D position the company as the largest multifamily/healthcare servicer in the US.

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