Walker & Dunlop has arranged $192,068,000 in refinancing for a four-property, 1,137-unit multifamily portfolio owned by Cortland Partners and located across Miami, Dallas, and Denver. The financing was secured through Freddie Mac and executed by Walker & Dunlop Capital Markets, led by Senior Managing Director Stephen Farnsworth and his team.
The refinanced communities include Cortland at the Hammocks I and II in Miami, with a combined 720 units; Huntington Glen in Dallas, with 224 units; and Cortland Congress Park in Denver, with 193 units. Cortland has completed an extensive capital improvement program across the assets, investing in interior upgrades, enhanced amenity spaces, and targeted building and site enhancements intended to modernize each property and improve long-term performance.
These improvements supported Cortland’s strategy to reposition the communities within their respective markets and elevate the resident living experience. The appraisal for the portfolio was conducted by Apprise, Walker & Dunlop’s independent valuation and advisory platform.
Walker & Dunlop remains one of the largest providers of capital to the U.S. multifamily sector. In 2024, the company originated more than $ 30 billion in debt financing volume, including over $25 billion for multifamily assets. The firm continues to expand its nationwide and international presence across commercial real estate finance and advisory services.
KEY QUOTE:
“We’re proud to have arranged this portfolio refinancing for Cortland alongside long-standing lending partner Freddie Mac. Since acquisition, Cortland has invested meaningfully in these communities, successfully executing its value-add strategy and repositioning the assets within their respective markets. Our continued partnership reflects a shared commitment to supporting mission-driven communities and delivering lasting value for residents and investors alike.”
Stephen Farnsworth, Senior Managing Director, Walker & Dunlop
