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Walker & Dunlop buys loan business

Walker & Dunlop, of Bethesda, a provider of commercial real estate financing services, announced it has a deal to acquire Johnson Capital’s loan origination and servicing business. Johnson Capital, a commercial real estate mortgage company, has originated $1.3 billion in commercial loans on average over the past three years. Walker & Dunlop will add about $590 million in Housing and Urban Development servicing via the acquisition, which is expected to close Nov. 1. Financial terms of the deal were not disclosed.