BETHESDA, Md.–(BUSINESS WIRE)–Walker & Dunlop, Inc. (NYSE: WD; the “Firm”) at present introduced that it closed a $200 million incremental mortgage underneath its senior secured time period mortgage facility. The incremental time period mortgage bears curiosity at a charge equal to adjusted Time period SOFR plus 3.00% each year and matures in December 2028. JP Morgan served as Administrative Agent and Lead Arranger.
Proceeds from the providing might be used to repay debt assumed within the Firm’s acquisition of Alliant Capital and strengthen its stability sheet for basic company functions. The payoff of the Alliant debt will cut back the Firm’s annual debt service funds by eliminating necessary principal repayments required by the Alliant Capital debt, partially offset by the elevated value of capital, and create operational effectivity because it manages its capital technique.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is among the largest suppliers of capital to the business actual property business in america, enabling actual property house owners and operators to carry their visions of communities — the place People reside, work, store and play — to life. Our individuals, model and expertise make W&D probably the most insightful and customer-focused corporations in our business. With greater than 1,400 workers throughout each main U.S. market, Walker & Dunlop has persistently been named certainly one of Fortune‘s Nice Locations to Work® and is dedicated to creating the business actual property business extra inclusive and numerous whereas creating significant social, environmental, and financial change in our communities.