Commercial and Multifamily Briefs June 16, 2022

AXCS Capital Acquires George Smith Partners
AXCS Capital acquired George Smith Partners. The acquisition officially closed June 10 for an undisclosed figure.

George Smith Partners provides capital market advisory services to the commercial real estate industry. The firm specializes in arranging financing for commercial and multifamily properties, including acquisition, construction, bridge and permanent loans as well as mezzanine loans, highly leveraged participating loans and joint venture equity. The company arranged more than $3.5 billion in structured capital transactions in 2021 and $65 billion in financing since its inception.

John Day, CEO and Co-Founder of AXCS Capital, called George Smith Partners team “some of the most trusted real estate financing advisors in North America with nearly 35 years of experience executing innovative structured financing deals.”

Walker & Dunlop Announces New Partnership with Miami-Based Metro Fund Inc.

Walker & Dunlop, Bethesda, Md., announced a new preferred correspondent agreement with Metro Fund Inc., a commercial real estate lender based in Miami.

The firms noted the agreement will expand Walker & Dunlop’s reach in south Florida through Metro Fund’s local relationships and established track record in financing all asset classes. In turn, Metro Fund will leverage Walker & Dunlop’s brand, experience and technology to originate loans through Fannie Mae, Freddie Mac and the capital markets.

Metro Fund Inc., a Hispanic-owned business established in 2014, has deployed significant amounts of capital for both the residential and commercial market via institutional lenders and private capital.