Walker & Dunlop boosts Q1 loan volume
Posted: 4:06 pm Mon, April 8, 2013
Walker & Dunlop Inc., of Bethesda, a real estate lender focused on multifamily loans, said its loan originations for 2013’s first quarter totaled $1.73 billion, a 157 percent increase over the $674.5 million in first-quarter loan originations it reported in the prior year.
Nevertheless, originations were below the company’s first-quarter guidance range of $1.9 billion to $2.4 billion, largely due to the delay in the passage of the federal government’s continuing budget resolution which restricted the Department of Housing and Urban Development’s ability to issue new loan commitments in March.
However, the company reaffirmed its 2013 loan origination guidance of $10 billion to $12 billion.