Commercial real estate finance company Walker & Dunlop has acquired Deerwood Real Estate Capital, a commercial mortgage brokerage and advisory firm.
Following the deal, 16 commercial loan originators will join Walker & Dunlop, including Deerwood's co-founders David Rosenberg and Abe Katz. Over the past year, Deerwood had closed $1.5 billion in loan origination volume.
Financial terms of the transaction were not disclosed.
"Deerwood marks another fantastic acquisition of talented loan originators in a highly strategic market as Walker & Dunlop continues its dramatic growth towards becoming the premier commercial real estate finance company in the United States," Walker & Dunlop Chairman and CEO Willy Walker said in a news release Tuesday.
"Deerwood's long-standing track record of delivering exceptional results for its clients in the greater New York region is what made this acquisition so attractive."
A quarter of Deerwood's annual originations are multifamily loans, according to Rosenberg.
