Northmarq secures $14.3M financing of 148-unit multifamily community in Leavenworth, KS
Image credit: CoStar
LEAVENWORTH, Kan. — Northmarq’s Minneapolis Debt + Equity team, led by Daniel Trebil and Logan McCarthy, successfully 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.
“Properties with this kind of stable, demand-driven fundamentals continue to attract strong execution from Freddie Mac, and we were glad to deliver a financing structure that supports Partner Apartments' long-term plans for the asset,” McCarthy said.
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.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
