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W&D Closes $158M MF Debt Fund
Walker & Dunlop Investors Partners (WDIP) has closed its latest fund, part of a planned series focused on multifamily bridge financing. The fund, led by Geoff Smith, Marcus Duley, and Mitch Resnick, has $157.5 million in equity commitments and aims to utilize leverage to support between $450 million and $600 million in lending capacity.
The strategy is to originate senior secured bridge mortgage loans with a maximum stabilized loan-to-value of 75%, targeting assets nationwide with a size between $10 million and $100 million. WDIP has already deployed capital across assets in Minnesota, Texas, and Pennsylvania.
“We are very excited to have closed our first evergreen debt fund, which is dedicated to financing primarily class A quality multifamily assets across the U.S.,” said Geoff Smith, senior managing director and head of debt at WDIP. “We are off to a good start, having deployed capital across three assets in Minnesota, Texas, and Pennsylvania during December. The fund will continue to capitalize on a very attractive market for lending opportunities.”
- ◦Financing
