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15280 Southwest 104th Street

Updated Nov 17, 2025

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

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

15280 Southwest 104th Street, 2900 Harwood Road & 901 Colorado Boulevard

$192,068,000

Units

1,137

Asset Type

MultiFamily

Closing

Nov 17, 2025

About this deal

AI

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:

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.

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$192,068,000

MultiFamily

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Players

Stephen Farnsworth

Walker & Dunlop

Broker

$531.7M

vol

4 deals

Broker
Steven DeFrancis

Steven DeFrancis

Cortland

Landlord

$1.8B

vol

16 deals

Landlord
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Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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About $168.9K per unit across 1137 units on a published $192.1M (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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