Walker & Dunlop has acquired the loan origination platform of Deerwood Real Estate Capital, a commercial mortgage brokerage and advisory firm based in Northern New Jersey. Deerwood is a specialist in sourcing debt and equity for all commercial real estate asset classes. Sixteen commercial loan originators are expected to join Walker & Dunlop’s Capital Markets group, including Deerwood co-founders David Rosenberg and Abe Katz. In the past twelve months, Deerwood has closed over $1.5 billion in loan origination volume. The acquisition does not bring additional loan servicing to Walker & Dunlop. The terms of the cash transaction were not disclosed.
David Rosenberg Deerwood Real Estate Capital said that Walker & Dunlop “has a tremendous reputation in the commercial real estate finance industry due to its diverse product offerings, national reach and exceptional customer service. About 25% of Deerwood’s annual loan originations are multifamily loans. Having direct access to Walker & Dunlop’s top-ranked GSE and HUD lending platform is going to be extremely valuable for our mortgage bankers and our Multifamily clients.”
