Walker & Dunlop to acquire Johnson Capital loan platform Walker & Dunlop announced that it has agreed to acquire Johnson Capital's loan origination and servicing platform. Johnson Capital is a leading national commercial real estate mortgage company that maintains long-standing brokerage relationships with many life insurance companies, banks and CMBS conduits. In addition, Johnson Capital is an approved HUD MAP lender nationally and Ginnie Mae issuer. As part of the transaction, approximately $590M in HUD servicing will be added to Walker & Dunlop's $40B servicing portfolio. Johnson Capital also has sourced billions of dollars of Fannie Mae DUS loans as a correspondent to Walker & Dunlop over the past 20 years, and has originated Freddie Mac multifamily loans. Johnson Capital has originated $1.3B in commercial loans on average over the past three years. The terms of the cash and stock transaction were not disclosed. Completion of the acquisition is subject to certain conditions, consents and approvals, and expected to close on or around November 1, 2014. Walker & Dunlop expects the transaction to be accretive beginning in 2015.