Walker & Dunlop Expands CMBS Lending Platform with Addition of New Originators

BETHESDA, Md., Sept. 24, 2014 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) announced today the addition of three originators to the Walker & Dunlop Commercial Property Funding team. Geoff Smith has joined as managing director and head of origination for Walker & Dunlop's conduit & high yield platform. Mr. Smith is based out of Walker & Dunlop's New York office. With 29 years of industry experience and an extensive background in real estate lending, Paul Jankovsky, has joined the team as senior vice president based out of Walker & Dunlop's Dallas office. Kimberly Riordan has joined the group as vice president based out of Walker & Dunlop's New York office. All three are responsible for originating commercial financing opportunities for clients nationwide.

In addition to welcoming three members to the CMBS lending platform, Walker & Dunlop recently contributed its first $58 million of collateral, including multifamily and retail loans, for an upcoming securitization with Wells Fargo. The securitization has priced and is expected to close on September 29, 2014. As the Walker & Dunlop CMBS platform continues to expand its presence in the CMBS market, it is on track to contribute $200 million in collateral to future securitizations by the end of 2014.

"We welcome Geoff Smith, Paul Jankovsky and Kimberly Riordan and look forward to the value they will bring to the business.  These hires and the contribution to our first securitization is an indication of the momentum that has been building at Walker & Dunlop since we launched the platform earlier this year," commented Chairman and Chief Executive Officer, Willy Walker. "As a result of the CMBS venture, Walker & Dunlop now has a broader, more diversified lending platform to meet our clients' needs, and we're confident that the addition of three talented originators will put us in an even better position to take advantage of the CMBS loan opportunities in the future."

About Walker & Dunlop

Walker & Dunlop (NYSE: WD), headquartered in Bethesda, MD, is a leading provider of commercial real estate financing solutions nationwide. The firm's comprehensive suite of financing solutions allows us to originate loans for our own balance sheet, CMBS conduit, and investment partnerships, or for sale to Fannie Mae, Freddie Mac, HUD, life insurance companies, banks and other CMBS providers. Walker & Dunlop has more than 400 employees located in 20 offices nationwide. For more information, please visit www.walkerdunlop.com and follow us on Twitter at @Walkerdunlop.

About Walker & Dunlop Commercial Property Funding

Walker & Dunlop Commercial Property Funding, LLC is Walker & Dunlop, Inc.'s (NYSE: WD) proprietary CMBS lending platform that provides first mortgage loans, high yield whole loans, mezzanine debt and preferred equity for properties located nationwide. For more information, please visit www.walkerdunlop.com and follow us on Twitter at @Walkerdunlop.

SOURCE Walker & Dunlop, Inc.