Walker & Dunlop Investment Partners closes multifamily debt fund

Walker & Dunlop Investors Partners (WDIP) has closed its latest fund, part of a planned series of funds focused on multifamily bridge financing.

The fund has $157.5 million of equity commitments and intends to utilize leverage to support between $450 million and $600 million in lending capacity. It will originate value-add multifamily bridge loans with a targeted Agency exit.

The fund’s core strategy is to originate senior secured bridge mortgage loans with a maximum stabilized loan to value of 75%, with a target size between $10 million - $100 million, secured by multifamily assets nationwide.

“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 United States,” 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 Dece