Walker & Dunlop has expanded its nationwide real estate and finance operations with the acquisition of an Atlanta-based mortgage banking firm.
iCap Realty Advisors provides debt placement solutions for all commercial real estate asset classes and services approximately $2 billion of life insurance company loans, substantially all of which will be added to Walker & Dunlop's servicing portfolio before year end.
"We are thrilled to welcome the talented iCap team to Walker & Dunlop," commented Chairman and CEO Willy Walker. "With the goal to grow our annual loan originations to $30 to $35 billion by the end of 2020, we have been very focused on expanding our Capital Markets presence into major markets where we are under-represented, such as Atlanta. As one of the largest mortgage banking firms in Georgia, iCap will immediately benefit Walker & Dunlop through its deep client relationships and strong deal flow."
iCap team stays together
The iCap team of five bankers and brokers and their support staff have all joined Walker & Dunlop along with managing directors Alfie Means and David Collie.
Means and Collie will continue to oversee the team’s activities which historically has seen originations of between $700 million and $1 billion of annual brokered volume.
"The Walker & Dunlop platform was extremely attractive to us due to its market reputation, leading position in multifamily, and strategic growth objectives,” explained Means.
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