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Daryl Wilson Of Fidelity Bancorp Funding Provides $7.8M Refinance Loan For Multifamily At 4040 Schanen Boulevard

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FINANCED
$7,800,000

Texas

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MultiFamily
Financed 02/23/2026
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FINANCED

Daryl Wilson Of Fidelity Bancorp Funding Provides $7.8M Refinance Loan For Multifamily At 4040 Schanen Boulevard

4040 Schanen Boulevard

See Similar Deals
MultiFamily
Financed 02/23/2026
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in the transaction is a multifamily property comprising 226 units located at 4040 Schanen Boulevard in the Corpus Christi market. The loan amount secured for this asset is $7,800,000, with a loan type classified as refinance, and the terms set for a duration of 2 years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,800,000
  • Loan Type: Refinance
  • Loan Terms: 2 years
  • Lender: Daryl Wilson - Fidelity Bancorp Funding
  • Landlord: Teresa Nazareth - Nazareth Properties

This transaction features Daryl Wilson representing the lender Fidelity Bancorp Funding, and Teresa Nazareth representing the landlord Nazareth Properties. Their roles were integral to facilitating the refinance of the multifamily asset in question.

Players

LENDER

2 deals$8.9M volume(828) 785-2079
ORIGINATOR

Details

FINANCED
IMAGE: Daryl Wilson DATE: 02/27/2026 ADDRESS: 4040 Schanen Boulevard MARKET: Corpus Christi ASSET TYPE: Multifamily ~ UNITS: 226 LENDER: Daryl Wilson - Fidelity Bancorp Funding LANDLORD: Teresa Nazareth - Nazareth Properties LOAN AMOUNT: $7,800,000 LOAN TYPE: Refinance LOAN TERMS: 2 year

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,800,000.00

Monthly NOI$52,000.00
Monthly Debt Service$49,301.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00