Walker & Dunlop Investment Partners Closes Multifamily Debt Fund
January 30 2024 - 6:00AM
Business Wire
Walker & Dunlop Investors Partners (“WDIP”) announced that
it has closed its latest fund, part of a planned series of funds
focused on multifamily bridge financing.
The WDIP team, led by Geoff Smith, Marcus Duley, and Mitch
Resnick, will originate value-add multifamily bridge loans with a
targeted Agency exit. The fund has $157,500,000 of equity
commitments and intends to utilize leverage to support between $450
million and $600 million in lending capacity. The fund’s core
strategy is to originate senior secured bridge mortgage loans with
a maximum stabilized loan to value of 75%, with a target size
between $10 - $100 million, secured by multifamily assets
nationwide.
“We are very excited to have closed our first evergreen debt
fund, which is dedicated to financing primarily class A quality
multifamily assets across the U.S.,” said Geoff Smith, senior
managing director and head of debt at WDIP. “We are off to a good
start, having deployed capital across three assets in Minnesota,
Texas, and Pennsylvania during December. The fund will continue to
capitalize on a very attractive market for lending
opportunities.”
About Walker & Dunlop Investment Partners
Walker & Dunlop Investment Partners (“WDIP”) is a real
estate private equity firm which manages capital on behalf of
endowments, foundations, pension plans, private funds, insurance
companies, family offices and high net worth individuals. WDIP
invests debt and equity capital in value-added, opportunistic,
distressed, and special situation transactions through a series of
private funds, joint ventures and separately managed accounts.
As a wholly owned subsidiary of Walker & Dunlop, one of the
largest commercial real estate finance companies in the United
States, WDIP has unmatched access to proprietary resources and
market intelligence. This partnership offers clients unique,
real-time insights into market movements, valuation, pricing, and
underwriting. For more information, visit
www.wdinvestmentpartners.com.
All investments have risk of loss and WDIP cannot guarantee any
investment strategy will achieve its goals and objectives. Nothing
herein is an offer to sell any security, including an interest in
any private fund. The fund is a single investor fund with an
institutional investor with WDIP co-invest and no stated term or
termination date.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial
real estate finance and advisory services firms in the United
States. Our ideas and capital create communities where people live,
work, shop, and play. The diversity of our people, breadth of our
brand and technological capabilities make us one of the most
insightful and client-focused firms in the commercial real estate
industry.
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Investors: Kelsey Duffey Investor Relations Phone
301.202.3207 investorrelations@walkeranddunlop.com
Media: Nina H. von Waldegg VP, Public Relations Phone
301.564.3291 info@walkeranddunlop.com
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