Cortland Partners Secures $192.1M Refinance Loan From Freddie Mac For Multifamily Portfolio

The deal involves a multifamily asset comprising 1,137 units, with properties located at 15280 Southwest 104th Street, 2900 Harwood Road, and 901 Colorado Boulevard across the markets of Miami, Dallas, and Denver. The total loan amount for the refinancing transaction is $192,068,000. The properties have undergone significant value-add upgrades to reposition the communities within their respective markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $192,068,000
• Lender: Freddie Mac
• Landlord: Steven DeFrancis - Cortland Partners
• Broker: Stephen Farnsworth - Walker & Dunlop
• Asset Units: 1,137
• Loan Type: Refinance

Stephen Farnsworth of Walker & Dunlop facilitated the arrangement of the financing for Cortland Partners, which encompasses four properties: Cortland at the Hammocks I & II, Huntington Glen, and Cortland Congress Park. This transaction reflects Walker & Dunlop's involvement in the refinancing process employed by Cortland Partners to enhance the operational standing of their portfolio.