Northmarq’s Minneapolis Debt + Equity team has arranged acquisition financing for Station Lofts, a mid-rise multifamily community in Leavenworth, Kansas. The property, located at 1100 N. Second St., comprises 148 apartment units and is being financed with a $14.3 million loan. The financing supports the acquisition of the asset by borrower Partner Apartments.
The Northmarq team, led by Daniel Trebil and Logan McCarthy, sourced the loan through a correspondent relationship with Freddie Mac. The permanent financing is structured as a fixed-rate loan with a 10-year term, aligning with the borrower’s long-term hold strategy for the property. McCarthy noted that assets demonstrating stable, demand-driven fundamentals continue to receive strong execution from Freddie Mac, and that the structure of this loan is intended to underpin Partner Apartments’ long-range plans for Station Lofts.
Originally constructed in 1926, Station Lofts is a historic apartment community that has been repositioned for contemporary renters while retaining its character. The building offers one-, two- and three-bedroom loft-style units, blending historic architectural features with modern residential finishes. Its mid-rise configuration places it within an established neighborhood context, adding housing supply to a walkable area of Leavenworth.
The community benefits from a location within walking distance of downtown Leavenworth, giving residents convenient access to Riverfront Park, local dining options, nightlife and other neighborhood amenities. This proximity to the city’s core supports the asset’s positioning as a lifestyle-oriented rental option for residents who value both historic character and modern living environments.
With agency financing in place on a long-term, fixed-rate basis, Partner Apartments has secured capital intended to match the property’s profile as a stabilized, demand-supported multifamily asset. The Northmarq-arranged Freddie Mac execution underscores ongoing lender interest in well-located, historically significant rental communities that have been updated to meet current renter preferences.
