Walker & Dunlop, Inc. has entered into a joint venture with an affiliate of a fund managed by Fortress Investment Group to form a CMBS lending platform to provide financing for multi-family and commercial real estate properties across the country.
The venture, to be named Walker & Dunlop Commercial Property Funding, LLC, will provide first mortgage loans on all commercial property types. In addition, the venture will originate high yield whole loans, mezzanine debt and preferred equity.
The joint venture will be headquartered in New York City and overseen by Tim Koltermann, a 25-year industry veteran in commercial loan originations, CMBS trading, loan pricing and structuring, and CMBS securitization.
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