BETHESDA, MD-Walker & Dunlop said Friday it is acquiring CWCapital in a cash-and-stock deal for $220 million. The deal, structured as an $80-million cash payment and approximately $140 million of W&D stock, is expected to close with 90 to 120 days, subject to stockholder and regulatory approval.

Once it does, Walker & Dunlop will have scaled up considerably—creating one of the largest commercial real estate lenders in the country. “The overall reach of the company will grow dramatically because of this deal, from its geographic footprint to overall origination volumes,” Willy Walker, CEO of Walker & Dunlop, tells GlobeSt.com.

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