Ric Sloop Secures $1.12M Acquisition Loan For 16-Unit Multifamily Property In Denison

The asset involved in the transaction is a multifamily property consisting of 16 units located at 818 West Texas Street in Denison. The loan amount obtained for this acquisition is $1,120,000 with a term of 2 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,120,000
• Loan Type: Acquisition
• Loan Terms: 2 years
• Lender: Fidelity Bancorp Funding
• Landlord: Ric Sloop
• Landlord's Representative: Ford Roberts - Marcus & Millichap
• Lender's Representative: Daryl Wilson - Fidelity Bancorp Funding

This transaction involves key individuals including Ric Sloop as the landlord and Daryl Wilson representing Fidelity Bancorp Funding as the lender. Ford Roberts also played a significant role as the landlord's representative from Marcus & Millichap.