North Little Rock Acreage Sale Tops $1 Million (Real Deals)

by George Waldon  on Monday, Feb. 13, 2012 12:00 am  

Rebel Holdings LLC, led by Clark Mason, acquired the 3,435-SF unit at 315 Rock St. The seller is River Market Tower LLC, led by Jimmy Moses and Rett Tucker.

The deal is funded with a one-year loan of $1.2 million from IberiaBank of Lafayette, La.

The 1.2-acre development is backed with a May 2007 mortgage of $47.6 million and an October 2005 mortgage of $4.7 million held by Metropolitan National Bank of Little Rock.

The site on the east side of Rock Street between Third and Fourth streets was bought more than six years ago as part of a nearly $5 million deal with the Arkansas Teacher Retirement System.

 

Hickory Creek Home

A 6,000-SF home in west Little Rock's Hickory Creek neighborhood drew an $875,000 transaction.

CBM Appraisals Inc., led by Chris Maris, purchased the house from Chris and Jennifer Ligon.

The Ligons provided a $225,000 mortgage to finance the deal.

The Ligons acquired the site for $94,600 in January 1998 from Robert and Melissa Casper.

 

Rural Residence

 

 

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