Walker & Dunlop Inks $3.8B Deal, To Become The Largest HUD Debt Servicer In The US

Walker & Dunlop is buying a $3.8B portfolio of federally insured debt from Oppenheimer Multifamily Housing & Healthcare Finance, for around $45M.

The portfolio is made up of over 480 multifamily and healthcare loans, all insured by the US Department of Housing and Urban Development. The purchase, set to go through June 20, will make Walker & Dunlop the largest HUD Multifamily/Healthcare servicer in the country, the Bethesda, MD-based firm announced.

Walker & Dunlop CFO Stephen Theobald (pictured) says the deal follows his firm’s goal, set in 2012, to up the amount of revenue coming from servicing and other non-transaction-based fees.

“Over the past several years, the servicing portfolio has seen steady growth with the value of its revenue streams becoming increasingly apparent in the financial stability and flexibility provided to the business,” Stephen says. “The opportunity to acquire a portfolio of this size is rare and our strong cash position allowed us to move quickly to accelerate the accomplishment of our goal."

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

'It Has Gotten Worse, And Everybody Is Feeling It': Hiring Slows, Raises Shrink In CRE

Treasury Releases New Nationwide Opportunity Zone Map With 6,600 Tracts

EXCLUSIVE: Owners Get £168M Blackstone Loan For Shopping Centre As Value Surges by £100M

Simon Property Group Takes Out $93M Loan To Refinance Colorado Mills Mall

Jemal Equities Buys Carr Properties' Former HQ In Receivership Sale

Higher Rates, Economic Uncertainty Push Banks To Tighten CRE Lending Standards

Invesco Closes $97.6M DST Offering

Fannie, Freddie Complete Fraud Reviews On Walker & Dunlop

BVK's Office Raided In Widening Investigation After Big Losses In U.S. Real Estate

How New York CRE Can Find The 'Right Fit' In Its Capital Stack

'You Need Data At Scale': What Makes Or Breaks AI In CRE

Data Center Industry Reckons With New Roadblocks After Electoral Wipeout