W&D Launches Multifamily Small Loan Initiative

BETHESDA, MD–Walker & Dunlop has launched a new initiative focused on multifamily small loans and has hired Mark Besharaty as SVP and Chief Production Officer to head the program.

Small loans are typically defined as $3 million or less nationwide, or $5 million or less in higher-cost markets. Walker & Dunlop plans to target property owners in secondary and tertiary markets and plans to be particularly active in the western region, including Alaska and Hawaii. “The multifamily small loans space is very exciting for us – it has a unique borrower profile and provides an opportunity to offer more affordable options for renters,” said Don King, executive vice president of Multifamily Finance for Walker & Dunlop.

Prior to joining Walker & Dunlop, Besharaty was Director in the Small Balance Commercial Real Estate Lending Group at Hunt Mortgage Group. Prior to that, he was vice president for MUFG Union Bank. Besharaty will be based on W&D’s Irvine. Calif., office.