Children's Pays $1.3 Million For Park Land (Real Deals)

by George Waldon  on Monday, Jan. 30, 2012 12:00 am  

A 5,600-SF home in west Little Rock's Riverview Manor neighborhood drew a $610,000 sale.

Ian Cawich acquired the house from Robbie Riley and The Riley Living Trust, led by William Riley. The deal is financed with a $593,750 loan from First Security Bank of Searcy.

The Rileys purchased the property for $620,000 in March 2007 from Ricardo and Eileen Sotomora.


Apartment Mortgage

Construction of a 480-unit apartment project in west Little Rock is in motion with a $14 million funding agreement.

Pointe At Brodie Creek LLC, led by Keith Richardson, obtained the three-year loan from Centennial Bank of Conway.

The 95-acre tract at the southwest corner of South Bowman Road and Olds Lane was bought for $1.35 million in April 2010 from Bowman Road LLC, led by Patsy Lehman.

The limited liability company provided a $1.2 million mortgage to fund the deal.


Newoods Note

The owner of a southwest Little Rock enterprise landed a $2 million financial package. Newoods Inc., led by James Corbitt, received the loan from Delta Trust & Bank of Little Rock.



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