Bethesda, Maryland – December 20, 2016
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today Thomas Sigrist and Brad Burns have joined the Company as senior vice presidents in its FHA Finance group. Based out of the Company’s Phoenix office, Messrs. Sigrist and Burns will be responsible for originating loans through the U.S. Department of Housing and Urban Development (HUD) for all multifamily and healthcare transaction types.
Executive Vice President and FHA Group Head, Michelle Warner, stated, “We are very excited to welcome Tom and Brad to Walker & Dunlop and to our HUD team. They bring with them extensive HUD experience, relationships, and an excellent track record of success in structuring more than $2.2 billion in financing solutions for their clients. We see great growth potential within the HUD lending space with the ageing population driving a need for significant healthcare lending and with the current market dynamics making HUD lending generally more in favor with commercial real estate investors. This was evidenced by the 249% growth in our HUD volumes in the third quarter of this year.”
Messrs. Sigrist and Burns join Walker & Dunlop from Berkadia Commercial Mortgage LLC where Mr. Sigrist had been responsible for HUD lending since 1989 and Mr. Burns since 2010. Together, Messrs. Sigrist and Burns have originated over $2 billion in HUD loans throughout their careers, primarily in the Midwest, Southwest and Western regions of the United States.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 600 professionals in 28 offices across the nation with an unyielding commitment to client satisfaction.