National + Finance | September 19, 2022

Walker & Dunlop, Kayne Anderson Partner on Small Balance Lending

Walker & Dunlop is partnering with Kayne Anderson Real Estate to create Walker Private Lending, broadening the company’s lending capabilities in the small balance multifamily market. Walker Private Lending will originate three- to 10-year loans on stabilized, cash-flowing assets including conventional multifamily, manufactured housing, student housing, scattered sites and mixed-use assets with a primary multifamily component.

“Walker & Dunlop entered the small balance lending (SBL) market several years ago and has predominantly originated and sold SBL loans through Fannie Mae and Freddie Mac,” said Willy Walker, Walker & Dunlop’s chairman and CEO. “This new partnership with Kayne Anderson expands our capabilities with an extremely savvy and sophisticated capital partner.”

Roughly 85% of U.S. apartment inventory falls within SBL parameters. “The SBL borrowers are massively underserved without tailored financing options that enable their emerging real estate businesses to grow,” said David Selznick, CIO at Kayne Anderson Real Estate.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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