Walker & Dunlop cuts warehousing credit facility limit to $425 million

By Susanna Moon

Chicago, Sept. 26 – Walker & Dunlop, Inc.’s operating subsidiary Walker & Dunlop, LLC reduced the warehousing credit limit under the warehousing agreement with Bank of America, NA as agent to $425 million from $575 million.

The company entered into a warehousing commitment termination agreement with TD Bank, NA and Bank of America, NA on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

Bank of America is the agent and a lender, and TD Bank is a lender.

Walker & Dunlop is a Bethesda, Md.-based provider of commercial real estate financial services.

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