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BETHESDA, Md. - Walker & Dunlop, Inc., a major commercial real estate finance firm, has expanded its New York Capital Markets team with the appointment of Dustin Stolly as senior managing director. Stolly joins the company following a successful tenure at Newmark, where he served as co-president of Debt and Structured Finance.
Bringing a wealth of experience, Stolly has been instrumental in executing over $100 billion in debt and equity transactions throughout his career. His appointment is part of Walker & Dunlop’s strategic initiative to enhance its service offerings and market share in the commercial real estate capital markets.
The firm’s Chairman & CEO, Willy Walker, expressed enthusiasm about Stolly’s addition to the team, highlighting the expected growth in debt and equity placement nationwide. Stolly will work alongside Aaron Appel, Keith Kurland, Jonathan Schwartz, and Adam Schwartz, aiming to establish a leading capital markets and structured finance team.
Stolly’s background includes recognition on the Commercial Observer’s Power Finance 50 list, reflecting his influence in the industry. His expertise in complex financing solutions, equity raises, and joint ventures is anticipated to significantly contribute to Walker & Dunlop’s capabilities.
In his remarks, Stolly conveyed his alignment with Walker & Dunlop’s scale, vision, and ambition to lead the industry. He emphasized his shared commitment to excellence, innovation, and client service with his new colleagues, with the collective goal of building a premier capital markets powerhouse.
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, operates as one of the largest commercial real estate finance and advisory services firms in the United States and internationally. The company prides itself on its innovative personnel, the breadth of its brand, and its technological capabilities, which position it as a client-focused firm in the industry.
This strategic hiring move underscores Walker & Dunlop’s commitment to attracting top industry talent and is expected to play a significant role in the company’s growth trajectory. The information for this article is based on a press release statement.
In other recent news, Walker & Dunlop announced the pricing of a $400 million senior unsecured notes offering due in 2033, with an interest rate of 6.625% per annum. The proceeds from this offering are intended to reduce the principal amount of the company’s existing senior secured term loan and cover related expenses. Additionally, the company secured a new $450 million credit deal, including a $450 million term loan and a $50 million revolving credit line, to enhance financial flexibility and support corporate purposes. Moody’s Ratings upgraded Walker & Dunlop’s senior secured bank credit facility rating to Baa3 from Ba1, reflecting an improved debt capital structure and stable outlook.
Keefe, Bruyette & Woods analyst Jade Rahmani upgraded Walker & Dunlop’s stock rating from "Market Perform" to "Outperform," citing expected improvements in multifamily rent growth and demand for acquisitions and refinancing. However, the same firm later adjusted its price target for the company to $105 from $120 while maintaining a "Market Perform" rating, due to a reduction in projected earnings per share and transaction volume growth. Despite these adjustments, Walker & Dunlop’s stock is seen as attractive, trading at favorable valuation multiples based on cash EPS and EBITDA estimates for the coming years.
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