TRANSACTIONS WITH RELATED PARTIES

9 Months Ended

Sep. 30, 2011

TRANSACTIONS WITH RELATED PARTIES

TRANSACTIONS WITH RELATED PARTIES

NOTE 14—TRANSACTIONS WITH RELATED PARTIES

As of September 30, 2011, Credit Suisse Securities (USA) LLC (“Credit Suisse”), through its ownership of Column, owns a 23.9% interest in the Company. From time to time, Credit Suisse refers HUD related financing opportunities to the Company. Credit Suisse receives a fee directly from the borrower if the loans are approved and closed. For the three and nine months ended September 30, 2011, Credit Suisse earned fees of $0.9 million and $5.6 million for the referral of HUD transactions to the Company (co-broker fees). At September 30, 2011, the Company had accrued amounts due to Credit Suisse of approximately $7.4 million, consisting of co-broker fees payable and a dividend payable of $1.75 million related to Credit Suisse’s ownership stake in the Company’s predecessors prior to the Formation Transaction.

A subsidiary of the Company has contracted with Walker & Dunlop Fund Management, LLC (the “Advisor”), a registered investment advisor, of which Mr. Walker, our Chairman, President and Chief Executive Officer, is the sole member, for the Advisor to provide investment advisory services to a real estate fund pursuant to an investment advisory agreement. We provide consulting, overhead and other corporate services to the Advisor pursuant to a corporate services agreement for a fee which approximates our costs for such services. The amount of such fees were $0.1 and $0.2 million for each of the three month periods ended September 30, 2011 and 2010, respectively; and were approximately $0.5 million for the nine month periods ended September 30, 2011 and 2010.