Walker and Dunlop Inc. has acquired iCap Realty Advisors, a mortgage banking firm that provides debt placement solutions for all commercial real estate asset classes. iCap services approximately $2 billion of loans on behalf of life insurance companies, substantially all of which will be added to Walker and Dunlop's servicing portfolio before year end.

iCap's five bankers and brokers and their support staff have joined Walker and Dunlop's Capital Markets group, including Managing Directors Alfie Means and David Collie, who will oversee the team's origination activities. The team has originated $700 million to $1 billion of mortgages through several capital providers.

"With the goal to grow our annual loan originations to $30 to $35 billion by the end of 2020, we have been very focused on expanding our capital markets presence into major markets where we are under-represented, such as Atlanta,” said Willy Walker, chairman and CEO.  “As one of the largest mortgage banking firms in Georgia, iCap will immediately benefit Walker and Dunlop through its deep client relationships and strong deal flow."

Walker and Dunlop's Capital Markets team has relationships with capital providers across the country including banks, life insurance companies, and commercial mortgage backed securities conduits. Through September 30, the firm closed $5.7 billion in loan originations, an 11 percent increase compared to the same period in 2017.