Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that Mark Plenge was promoted to senior vice president and has relocated to Walker & Dunlop’s Seattle, Washington office to help the Company expand its presence in that region.
Cliff Carnes, senior vice president and capital markets western region chief production officer stated, “Our expansion in the Seattle, Washington area is a strategic move to expand the Company’s presence in new and upcoming markets. Mr. Plenge has had remarkable success in California and we expect he will continue on the path of success in the new region.”
Mark Plenge, senior vice president, commented, “I am very excited to be able to continue working with great clients in California while expanding into new geographies in the Western United States. Our continued focus remains our relationship with our clients and ensuring they receive the one on one attention when working with Walker & Dunlop.”
With more than 20 years of experience, Mr. Plenge is responsible for new multifamily and commercial loan originations, primarily on the West Coast.
In recent years, Mr. Plenge has closed over $1 billion in loans for apartment and commercial property owners with Fannie Mae, Freddie Mac, life insurance companies, and commercial banks and has utilized Walker & Dunlop’s Interim Loan Program to provide bridge financing for a number of clients purchasing pre-stabilized assets.
Mr. Plenge will be joining Senior Vice President, Craig Russell, in the Seattle office and will continue to arrange commercial and multifamily real estate financing in the Western states. This move signifies the growth and expansion Walker & Dunlop continues to undergo as it identifies new opportunities within the Western market.