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
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