Walker & Dunlop has completed its previously announced acquisition of Johnson Capital’s loan origination and servicing platform. Johnson Capital, formerly one of Walker & Dunlop’s largest mortgage banking correspondents, was a leading commercial real estate capital intermediary with direct lender relationships through Freddie Mac, HUD and many life insurance companies.
The combination of Johnson Capital’s team of real estate finance professionals and long-standing correspondent relationships will expand Walker & Dunlop’s national brokerage footprint in anticipation of the upcoming commercial real estate refinance wave. Guy Johnson, chairman and chief executive officer of Johnson Capital, brings his years of commercial real estate experience to Walker & Dunlop in the role of vice chairman of the Capital Markets group.
Walker & Dunlop does not expect the transaction to have a material impact on its fourth quarter 2014 financial results but expects the transaction to be accretive beginning in 2015.
