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817 Northwest Summercrest B...

Len Mo Secures $2,362,500 Loan From Daryl Wilson For Multifamily Acquisition In Burleson
FINANCEDMultiFamily

Len Mo Secures $2,362,500 Loan From Daryl Wilson For Multifamily Acquisition In Burleson

817 Northwest Summercrest Boulevard

$2,362,500

Building Size

Asset Type

MultiFamily

Closing

May 17, 2026

AI

The property involved in this transaction is a multifamily asset located at 817 Northwest Summercrest Boulevard in Burleson, comprising 26 units. The lender for this acquisition loan is Daryl Wilson from Fidelity Bancorp Funding, providing funding in the amount of $2,362,500 under loan terms of 5 years.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,362,500
  • Loan Type: Acquisition
  • Loan Terms: 5
  • Lender: Daryl Wilson - Fidelity Bancorp Funding
  • Landlord: Len Mo
  • Broker: Ralph Rader - Greysteel

This acquisition involved key participants including the landlord Len Mo and broker Ralph Rader from Greysteel, representing the interests of the parties involved in the transaction, facilitating the loan arrangement and property acquisition process.

Players

Ralph Rader

Greysteel

Broker

$23M

vol

2 deals

Broker
Fidelity Bancorp Funding
Fidelity Bancorp FundingLender
Daryl Wilson

Daryl Wilson

Fidelity Bancorp Funding

Originator

$11.3M

vol

3 deals

Originator

Burleson 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

6.71%

Cash-on-Cash

-1.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93