Walker & Dunlop warehousing credit limit increase extended to Feb. 29

By Angela McDaniels

Tacoma, Wash., Feb. 18 – Walker & Dunlop, Inc. said its operating subsidiary, Walker & Dunlop, LLC, amended its warehousing credit and security agreement on Feb. 12 to extend the temporary increase of the warehousing credit limit to $1.9 billion until Feb. 29, when the limit will return to $650 million.

Walker & Dunlop continues to guarantee the subsidiary’s obligations under the warehousing agreement, according to an 8-K filing with the Securities and Exchange Commission.

PNC Bank, NA and Wells Fargo Bank, NA are the lenders with PNC as the administrative agent.

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

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