Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that industry veteran Mitch Resnick will be joining Walker & Dunlop Commercial Property Funding, LLC (WDCPF), its commercial mortgage backed securities (CMBS) lending platform, as Managing Director in late April. Mr. Resnick will oversee WDCPF capital markets executions with responsibility over pricing, hedging, securitizations, and investor relations. Mr. Resnick will be based in the Company’s Bethesda, Maryland headquarters.
Mr. Resnick’s extensive commercial real estate financing experience at Freddie Mac and Goldman Sachs is ideally suited for Walker & Dunlop. At Freddie Mac, Mr. Resnick served as vice president of capital markets, managing Freddie Mac’s K-deal and other securitization programs. Walker & Dunlop has contributed over $13 billion of loans into Freddie Mac KSeries securitizations since 2009, working very closely with Mr. Resnick and his talented capital markets team. Before joining Freddie Mac, Mr. Resnick served as a vice president at Goldman Sachs in its real estate finance group. Mr. Resnick’s leadership and experience will add significant value to Walker & Dunlop as it continues forward on its mission to be the premier commercial real estate finance company in the United States.
Walker & Dunlop’s Chairman and CEO, Willy Walker, stated, “Walker & Dunlop launched its CMBS platform in 2014 to provide capital solutions for all commercial real estate asset classes across the country. In January, we brought Bob Restrick on board to lead our CMBS team, and Mitch’s arrival significantly enhances the depth and expertise inside this lending platform. We see a tremendous opportunity ahead for our CMBS and balance sheet lending units, and the addition of Mitch will make us more effective, efficient, and competitive.”
Walker & Dunlop Commercial Property Funding’s CEO, Bob Restrick, stated, “I’m extremely pleased to have Mitch on our team given his stature as a leader in the securitization industry. Mitch will add significant long-term value to our CMBS platform and Company, and I’m looking forward to having him with us.”