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The purchase price will total $220 million, $80 million in cash and approximately $140 million in Walker & Dunlop stock.
CWCapital, like Walker & Dunlop, is a leading lender in the commercial real estate industries space — with in-house origination capabilities for Fannie Mae, Freddie Mac.
CWCapital originated $3.7 billion of loans in 2011.
The combined company will be one of the largest commercial real estate lenders in the United States,” said Willy Walker, CEO of Walker & Dunlop. “CW’s people, credit discipline, and client focus are highly regarded throughout the industry."
The transaction is expected to close within 90 to 120 days and is subject to stockholder, governmental and regulatory approvals.
CWCapital is the special servicer for the defaulted Stuyvesant Town-Peter Cooper Village mega-apartment complex in New York City, representing the interests of senior commercial mortgage-backed securities bondholders.
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