LR Retail Centers Draw $6.1 Million Transaction (Real Deals)

by George Waldon  on Monday, Aug. 25, 2014 12:00 am  

Geyer South and the Geyer Springs Shopping Center (shaded in red) were purchased by a Brooklyn, New York, limited liability company.

The deal is backed with a 15-year loan of $417,000 from IberiaBank Mortgage Co. of Little Rock and a 20-year loan of $435,000 from IberiaBank.

The Brays acquired the property for $265,000 in March 2002 from R.B. Ferguson Custom Homes, led by Randy Ferguson.

Deauville Abode

A 5,717-SF home in the Deauville neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $797,000 deal.

Rohan and Roopa Samant purchased the house from David and Linda Shaver.

The deal is funded with 30-year loans of $637,600 and $79,700 from U.S. Bank of Cincinnati.

The Shavers bought the residence for $865,000 in July 2008 from Carl Gray Henson Inc. of Little Rock.

Heights Home

A 4,288-SF home in the Country Club Heights neighborhood of Little Rock rang up a $750,000 sale.

John and Victoria Starling acquired the house from Leon Catlett II and his wife, Roxanne.

The transaction is financed with a one-year purchase-construction loan of $990,000 from Bank of Little Rock Mortgage Corp.

The residence previously was linked with an April 2011 mortgage of $670,000 held by Allied Bank of Mulberry (Crawford County).

 

 

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