Walker & Dunlop Closes Over $250 Million for Age-Restricted Communities in 2012 BETHESDA, MD - January 15, 2013 - Walker & Dunlop, Inc. (NYSE: WD) announced today that it closed over $250,000,000 in financing for age- restricted properties nationwide in 2012.

Most recently, Walker & Dunlop arranged $30,000,000 in financing for two Class A age-restricted properties located in Appleton and Green Bay, WI. Ridgeview Highlands and Parkway Highlands are designed for and marketed to seniors (55+), with an emphasis on high quality affordable rental housing. The properties were built under the WHEDA Section 42 rental tax credit
program (LIHTC) and remain subject to Land Use Restriction Agreements (LURA) with varying maturities. Walker & Dunlop structured the long-term fixed-rate financing, provided by The Lincoln National Life Insurance Company, with a 20-year term and 20-year amortization period. Ridgeview and Parkway offer residents one- and two-bedroom floor plans featuring full kitchens, individual gas heat and central air conditioning, pull-chain help-call systems and a patio/balcony.

Earlier in 2012, Walker & Dunlop provided a $32,919,000 refinance loan for Landmark Naples, an age-restricted (55+) manufactured housing community (MHC) located in Naples, FL. The loan was structured with a 10-year fixed- rate term with 2-years interest only and a 30-year amortization under Fannie Mae's Early Rate Lock Program. The property is situated on over 80 acres, contains 459 double-wide home sites and features an RV storage area, two clubhouse complexs, outdoor swimming pools, shuffleboard courts, and multiple recreational and meeting rooms.
Walker & Dunlop Senior Vice President, Jim Cope (262/912-7071, jcope@walkerdunlop.com) led the
Walker & Dunlop team on the Wisconsin properties.
Walker & Dunlop Senior Vice President, Will Baker (301/215-5510, wbaker@walkerdunlop.com) led the
Walker & Dunlop team on the Landmark Naples transaction.

About Walker & Dunlop

Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: WD) is one of the leading commercial

real estate finance companies in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS®, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States, securing capital from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Principal Investments group provides institutional advisory, asset management, and investment management services with respect to debt, structured debt and equity, including interim financing. Walker & Dunlop, LLC has over 400 employees located in 21 offices nationwide. More information about the Company can be found at www.walkerdunlop.com.

Contact: Susan Weber

Vice President, Marketing

Phone: 301/215-5515

sweber@walkerdunlop.com

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