Walker & Dunlop, Green Park Financial & Column Merge, Form Multi-Family Lending Giant

Walker & Dunlop Inc. and their partner Green Park Financial LP will merge with Column Guaranteed LLC this weekend to form a huge national apartment lender. The new firm will operate under the Walker & Dunlop name and is expected to originate more than $3B in commercial mortgage loans a year.

 

Column is a small subsidiary of Swiss banking powerhouse Credit Suisse and is a major producer and loan servicing agent of Freddie Mac and The Department of Housing and Urban Development (HUD). Green Park is one of the largest commercial mortgage loan originators in the nation for Fannie Mae.

 

The new Walker & Dunlop will be headed up by CEO William Walker with Mallory Walker a member of the Board of Directors. The company will be run out of Bethesda MD but will have branch office presence in NY, CA, LA, TX and GA as-well-as a satellite office in Baltimore.

 

Readers of this blog will recall that we recently predicted continuing consolidation in commercial real estate finance and that we still do.

 

This new firm will enjoy a strong, established relationship with the 3 major government lenders. They can earn fees by originating loans but use Government money to fund them. No balance sheet risk…nice. Plus they will have a servicing portfolio approaching $13B…really nice…

 

Commercial Mortgage Loans – MasterPlan Capital LLC Loans for the Purchase and Refinance of Commercial Real Estate From $1MM+

 

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