This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Walker & Dunlop Provides $278M Fannie Mae Credit Facility

BETHESDA, Md., May 12, 2014 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) announced today that it provided a $278 million Fannie Mae Credit Facility (Facility) for Milestone Apartments REIT (TSX: MST.UN). Andrew Tapley led the Walker & Dunlop team that structured the financing with full-term interest only. The Facility consisted of a mix of fixed and variable rate notes with staggered maturities collateralized by 20 multifamily properties located in Arizona, Florida, Georgia, Tennessee and Texas.

Walker & Dunlop structured the original facility for Milestone in 2005 and added additional assets to the facility in 2008. Walker & Dunlop moved exceedingly fast to provide Milestone with significant flexibility on when to lock-in the facility's interest rate, and then took only 44 days to close the facility from rate lock.    

"Walker & Dunlop has been a valued business partner of Milestone for nearly ten years. We appreciate working with a lender that understands our market opportunity and business strength, and can move quickly to help improve our financial flexibility as we pursue our growth objectives," said Rob Landin, CEO of Milestone Apartments REIT, and managing partner of The Milestone Group. "We look forward to continuing our relationship with Walker & Dunlop."

"Milestone is a long-standing, important customer of Walker & Dunlop's and we are delighted to have closed this Facility for them with Fannie Mae," said Howard Smith, COO at Walker & Dunlop. "We have worked on this portfolio for years and each time have taken steps to ensure that we structure a loan that meets Milestone's strategic needs. We look forward to continuing our relationship with Milestone and providing them with the financing to continue to grow their multifamily portfolio."

About Walker & DunlopThrough its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: WD) is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS®, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States, securing capital from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Proprietary Capital group develops new financial products and provides institutional advisory, asset management, and investment management services with respect to debt and equity, including bridge financing. Walker & Dunlop, LLC has more than 400 employees located in offices nationwide. For more information about the Company, please visit or follow us on Twitter at @Walkerdunlop.

SOURCE Walker & Dunlop, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs