Walker & Dunlop

Looking for some feedback on Walker & Dunlop. I used the search function and was unsuccessful.
What do you guys know about their multifamily finance team?
What caliber of deals are these guys working on?
I understand that most of the deals they put together involve FHA/Freddie etc., what are some of the main differences between deals financed by government agencies versus CMBS, life companies etc.?
I have been offered an analyst position on their multifamily team in a major market in the south and I am seeking some guidance. Currently I am in appraisals and I am ready to get out. Been waiting for an opportunity in the real estate capital markets sector. Just want to make sure this is the right move.

Thanks

Comments (9)

Jul 7, 2016

I would take it. We've used them a few times as a mortgage broker and they've done a great job for us. I think a great move out of appraisal.

Jul 8, 2016

We use them on 80% of our financings as well. Great shop. Which office would you be out of? If it is Atlanta then I'll be speaking to you quite a bit. Great company to work for long term, but you will also have great exit ops in MF coming out of that.

Jul 8, 2016

Just piling on to confirm that would be a solid next step if you started out doing appraisals, unless you are absolutely certain for some reason that you don't like multifamily.

Go for it.

Jul 8, 2016

Major DUS lender. Personally have had mixed experiences with them on several deals, most of which were not positive. Just met a VP level guy from there last night who recently started there and already wants out. That said its a very well known lender, and for someone like you with no other principal side experience it would be a solid transition point. Just know its a very focused lender, so you will not be exposed to various asset classes and most deals will be very vanilla.

Jul 8, 2016
brosephstalin:

Major DUS lender. Personally have had mixed experiences with them on several deals, most of which were not positive. Just met a VP level guy from there last night who recently started there and already wants out. That said its a very well known lender, and for someone like you with no other principal side experience it would be a solid transition point. Just know its a very focused lender, so you will not be exposed to various asset classes and most deals will be very vanilla.

Interesting to hear this. I assume it is like most major shops where things are very team by team, and thus varying opinions are going to be commonplace. Also, I'd agree with the experience being mostly vanilla, but I've worked on them on several non-stabilized assets as well as deals with major environmental issues. It isn't super complex stuff, but the gig would still be a good place to start.

The guys in Atlanta would club a baby seal for their clients and lean on the GSAs hard and really know where to push. Also, if OP is in Atlanta, W&D's investment sales platform is based out of there and I'd imagine you could lateral relatively easily after some time.

Jul 8, 2016

I second this. Like I mentioned its definitely a great transition gig, and my experience could be isolated to my location / particular deal team that we deal with. W&D is a large beast so I'm sure culture and experience will vary widely depending on where you are.

Jul 8, 2016

Thanks for the solid feedback guys. The position is in a major Texas market. Starting to sound like this is a no brainer.

Jul 8, 2016

texas eh? If you go to the ULI conference in Dallas this year hit me up

Jul 8, 2016
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