Partner Apartments Secures $14.3 Million Freddie Mac Loan For 148-Unit Community In Leavenworth Kansas
1100 North 2nd Street
$14,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 30, 2026
AI
The asset involved in this transaction is a multifamily community known as Station Lofts, comprising 148 units. It is located at 1100 North 2nd Street in Leavenworth, Kansas. The total loan arranged for the acquisition amounts to $14,300,000, provided by Freddie Mac.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $14,300,000
- Address: 1100 North 2nd Street
- Market: Leavenworth, KS
- Units: 148
- Lender: Freddie Mac
- Landlord: Partner Apartments
- Brokers: Daniel Trebil & Logan McCarthy - NorthMarq
Daniel Trebil and Logan McCarthy from NorthMarq acted as brokers in this transaction, arranging the financing for Partner Apartments' purchase of the multifamily property. Their involvement facilitated the acquisition process, ensuring that the necessary funding was secured through Freddie Mac.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93