BETHESDA, Md., Sept. 9, 2021 /PRNewswire/ -- Walker &
Dunlop, Inc. announced today that it has grown its affordable
housing finance team with the addition of P.J. McDevitt as
Managing Director. Mr. McDevitt is focused on the affordable
housing space and has extensive experience with the affordable
housing finance products at Fannie Mae, Freddie Mac, the Department
of Housing and Urban Development (HUD), and the Federal Housing
Administration (FHA). Based in New
Jersey, Mr. McDevitt will drive loan origination growth
nationally to help address the country's significant need for
affordable housing.
Senior Vice President and Chief Production Officer of Walker
& Dunlop's affordable lending group, John Ducey, stated, "As exemplified by our
recently-announced agreement to acquire Alliant Capital,
Walker & Dunlop remains focused on maintaining and growing its
leadership position in the affordable housing sector. P.J.'s deep
knowledge of affordable housing finance is a great addition to our
already formidable and experienced affordable housing team."
Since 2018, Mr. McDevitt has been involved in the origination,
underwriting, and closing of nearly $1
billion in affordable housing transactions. Prior to joining
Walker & Dunlop, Mr. McDevitt served as a Director at
Greystone, where he was responsible for the origination of
affordable multifamily housing loans for five years. He previously
held various positions with PNC, where he contributed his expertise
as a Production Management Representative and Production Assistant.
Mr. McDevitt began his career in commercial real estate at Walker
& Dunlop as a Senior Analyst.
"I look forward to contributing to the firm's ambitious goal of
originating $60 billion of affordable
and workforce housing volume over the next five years," commented
Mr. McDevitt. "Having begun my career at Walker & Dunlop, I am
confident that the company's culture, brand, and
technologically-enhanced financing platform will help further this
objective."
Walker & Dunlop is one of the largest affordable housing
lenders in the United States with
$17 billion of affordable financing
volume over the past three years. The firm has consistently been
ranked one of the top non-bank affordable housing lenders in the
country and is committed to providing safe and affordable housing
to America's communities by financing affordable, workforce
housing, and healthcare communities, which serve the country's most
vulnerable populations.
About Walker & Dunlop
Walker &
Dunlop (NYSE: WD) is the largest provider of capital to the
multifamily industry in the United
States and the fourth largest lender on all commercial real
estate including industrial, office, retail, and hospitality.
Walker & Dunlop enables real estate owners and operators to
bring their visions of communities — where Americans live, work,
shop and play — to life. The power of our people, premier brand,
and industry-leading technology make us more insightful and
valuable to our clients, providing an unmatched experience every
step of the way. With over 1,000 employees across every major
U.S. market, Walker & Dunlop has consistently been named
one of Fortune's Great Places to
Work® and is committed to making the
commercial real estate industry more inclusive and
diverse while creating meaningful social, environmental,
and economic change in our communities.
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SOURCE Walker & Dunlop, Inc.