Walker & Dunlop Investment Partners, Ivanhoé Cambridge increase multifamily preferred equity partnership to $500m

Walker & Dunlop Investment Partners (WDIP) announced that it plans to double the size of its programmatic joint venture with Ivanhoé Cambridge, to $500 million. The partnership, initially formed in 2021, intends to make preferred equity investments in residential asset classes across the United States.

“We’re excited to expand our relationship with Ivanhoé Cambridge and provide a much-needed capital solution in the current lending environment. Over the last two years we have refined a reliable preferred equity structure and efficient underwriting process that allows us to provide certainty of execution,” said Mitch Resnick, president of WDIP. “Our product is designed to help sponsors achieve their desired leverage targets on acquisitions and refinancings while generating compelling risk adjusted cash-on-cash and total return for our programmatic joint venture. Ivanhoé Cambridge is a world-class institution focused on long-term partnerships, and we look forward