Walker & Dunlop lifts warehousing credit agreement limit for 60 days

By Sarah Lizee

Olympia, Wash., Sept. 20 – Walker & Dunlop, Inc. operating subsidiary Walker & Dunlop, LLC temporarily increased the credit limit under its warehousing credit and security agreement to $2.57 billion, according to an 8-K filing with the Securities and Exchange Commission.

The company entered on Sept. 11 into an agreement with PNC Bank, NA as lender to increase the warehousing limit for 60 days.

In addition to the regular facility fee of 20 basis points, Walker & Dunlop will pay a temporary facility fee of 20 bps while the increase is in effect.

Once the temporary increase expires, the warehousing credit limit will return to $500 million.

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

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