The merger essentially has created an agency-driven multifamily finance powerhouse. Walker & Dunlop already has a huge book of business through Fannie Mae. Merging with Column Guaranteed will bring Freddie Mac and HUD financing to the table as well as a larger scale in overall originations and servicing, William M. Walker, the company's CEO, tells GlobeSt.com.
All together, Walker & Dunlop is projecting a $3 billion commercial mortgage origination pipeline every year for Agency, HUD and other sources of capital including life insurance companies, pension funds and conduits. Its servicing portfolio is expected to exceed $12 billion and include over 1,300 commercial assets across the United States. Column Guaranteed's contribution includes a $4.5-billion servicing portfolio and $1 billion in loans, Walker says. Column also has offices in Atlanta; New Orleans; New York City; Plano, TX; and Walnut Creek, CA; that Walker & Dunlop is adding to its corporate family.
Credit Suisse will own a minority interest in Walker & Dunlop. Kieran Quinn, president of Column Guaranteed, will assume the role of vice chairman of Walker & Dunlop. Beekman Advisors and Morgan Lewis & Bockius, LLP represented Walker & Dunlop in the transaction.
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