Walker & Dunlop Inc. is starting a conduit lending platform to provide financing for multifamily and commercial properties.
The platform is called Walker & Dunlop Commercial Property Funding LLC and it is a joint venture with an affiliate of a fund managed by Fortress Investment Group.
Besides originating first-mortgage loans to be securitized, it will originate high-yield whole loans, mezzanine debt and preferred equity.
Tim Koltermann will oversee the joint venture. He has experience in commercial loan originations plus CMBS trading, pricing and structuring.
Walker & Dunlop finished 2012 as the 10th largest
Walker & Dunlop Commercial Property funding will start issuing loan applications in January 2014 and it has a $1 billion origination target for its first year of operation, says Jeff Goodman, executive vice president of Walker & Dunlop’s proprietary capital group.
