the-loop-denton-texas

Old Capital Provides $9.3M Acquisition Loan for Apartment Complex in Denton

by Haisten Willis

DENTON, TEXAS — Old Capital has provided a $9.3 million loan for the purchase of The Loop Apartments in Denton. The loan includes $500,000 for renovations to the 160-unit property. The eight-year loan includes a 75 percent loan-to-value ratio and a 30-year amortization schedule. The buyer was unnamed.

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