BETHESDA, MD-Walker & Dunlop said Friday itis acquiring CWCapital in a cash-and-stock dealfor $220 million. The deal, structured as an $80-million cashpayment and approximately $140 million of W&D stock, isexpected to close with 90 to 120 days, subject to stockholder andregulatory approval.

Once it does, Walker & Dunlop will have scaled upconsiderably—creating one of the largest commercial real estatelenders in the country. “The overall reach of the company will growdramatically because of this deal, from its geographic footprint tooverall origination volumes,” Willy Walker, CEO ofWalker & Dunlop, tells GlobeSt.com.

Certainly the acquisition will give W&D a significant boostup the league tables, creating the second largestmultifamily lender in the US and the eight largestcommercial real estate lender, with $7.7 billion in CRE loanoriginations in 2011. It will also have an aggregate servicingportfolio that exceeds $33.7 billion.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.