Northmarq’s Minneapolis Debt + Equity team, led by Daniel Trebil and Logan McCarthy, arranged $14.3 million in acquisition financing for Station Lofts, a 148-unit mid-rise multifamily community located at 1100 N. Second St. in Leavenworth, Kansas.
Northmarq arranged financing on behalf of the borrower, Partner Apartments, through a correspondent relationship with Freddie Mac. The permanent fixed-rate loan was structured on a 10-year term.
Originally built in 1926, Station Lofts is a historic apartment community that has been repositioned to serve today’s renters, offering a blend of character and modern living. Units include one-, two- and three-bedroom loft-style apartments with in-unit laundry, modern finishes and open layouts that honor the building’s historic character.
The property is conveniently located within walking distance of downtown Leavenworth, offering residents easy access to Riverfront Park, local dining, nightlife and more.
