Keaton Merrell

Managing Director of Capital Markets | Real Estate Finance

Keaton Merrell

Managing Director of Capital Markets | Real Estate Finance


Keaton Merrell

Keaton Merrell is a managing director of Capital Markets | Real Estate Finance at Walker & Dunlop and is based in Phoenix, Arizona. In this role, Merrell is responsible for nationwide loan origination and focuses on financing multifamily, build-to-rent, office, retail, and industrial properties. He has more than 28 years of commercial real estate experience and has originated more than $7 billion in loans throughout his career.

Prior to joining Walker & Dunlop, Merrell served as co-founder and principal of Legacy Capital Advisors and has been active in the Phoenix market since 1998. His work focused on capital advisory services including mortgage banking, mortgage brokerage, and direct mortgage lending. Throughout his career, he has served as a direct Fannie Mae DUS lender and Freddie Mac seller and servicer and has represented national life insurance companies, HUD lenders, and structured finance capital sources.

Merrell earned a bachelor’s degree from Arizona State University. He serves on the board of directors for Treasure House and sits on the boards of the Sun Angel Foundation and the Three Butterflies SIDS Foundation. He is also a member of the International Council of Shopping Centers, the National Association for Industrial and Office Parks, and the Urban Land Istiture.

Keaton Merrell is a managing director of Capital Markets | Real Estate Finance at Walker & Dunlop and is based in Phoenix, Arizona. In this role, Merrell is responsible for nationwide loan origination and focuses on financing multifamily, build-to-rent, office, retail, and industrial properties. He has more than 28 years of commercial real estate experience and has originated more than $7 billion in loans throughout his career.

Prior to joining Walker & Dunlop, Merrell served as co-founder and principal of Legacy Capital Advisors and has been active in the Phoenix market since 1998. His work focused on capital advisory services including mortgage banking, mortgage brokerage, and direct mortgage lending. Throughout his career, he has served as a direct Fannie Mae DUS lender and Freddie Mac seller and servicer and has represented national life insurance companies, HUD lenders, and structured finance capital sources.

Merrell earned a bachelor’s degree from Arizona State University. He serves on the board of directors for Treasure House and sits on the boards of the Sun Angel Foundation and the Three Butterflies SIDS Foundation. He is also a member of the International Council of Shopping Centers, the National Association for Industrial and Office Parks, and the Urban Land Istiture.

Keaton Merrell in the news

Walker & Dunlop

Walker & Dunlop’s Built-For-Rent Report Highlights Accelerated Growth

June 11, 2025

Walker & Dunlop

Walker & Dunlop Advises $86 Million Financing for Caesars Republic Scottsdale, a Hilton Hotel

May 29, 2025

Walker & Dunlop

Texas Build-for-Rent Community Receives Construction Loan via Walker & Dunlop

March 11, 2022

Walker & Dunlop

Walker & Dunlop Structures $26 Million Construction Loan for Luxury Build-for-Rent Homes in Las Vegas

December 22, 2021

Deals Closed

No items found.

Case Studies

No items found.

About Us

Our comprehensive CRE platform offers you both entity-level and property-level finance and advisory services.

Learn more

Our Culture

Affordable, multifamily, industrial, and more…you name it and we have the skills and expertise to handle it.

Learn more