COLUMBUS, OH—Bethesda, MD-based commercial real estate mortgage banking firm Walker & Dunlop, Inc. has expanded its presence in the Ohio market with the purchase of independent commercial real estate finance firm MSF Real Estate Capital.
MSF Real Estate Capital services approximately $925 million of life insurance company loans A substantial portion of that portfolio will be added to Walker & Dunlop's servicing portfolio prior to the end of the first quarter.
No financial details of the transaction were disclosed. The acquisition will represent Walker & Dunlop's first office in the Columbus market.
MSF Real Estate Capital managing directors Jeffrey Morris and Chad Kiner, as well as SVP Scott Moore and VP A.J. Mangan will join Walker & Dunlop. The team has historically originated between $700 million and $1 billion of annual financing transaction volume through a broad range of capital providers.
Founded in 1984, MSF Real Estate Capital has tripled the size of its full-service commercial real estate mortgage banking firm over the past decade. Collectively, the team has closed more than $10 billion in transaction volume throughout their careers. The Columbus Walker & Dunlop office will comprise a 10-person team with plans for continued expansion.
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