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

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

McArthur Assembly of God Inc. got the five-year loan from Bank of the Ozarks.

The 28.2-acre development at 3501 John Harden Drive previously was tied to a February 2003 mortgage of $2.66 million and an October 2005 mortgage of $874,231 held by the bank.

The congregation acquired the location in May 1996 as part of a $200,000 deal with Ruth Harry and the Pearl H. Straus Living Trust.


Apartment Financing

The owners of a 151-unit apartment complex in Little Rock secured a $2.4 million funding agreement.

Big Country Chateau LLC, led by Carl Schultz and Cynthia Knoerr, obtained the loan from First Security Bank of Searcy.

The 5.13-acre Big Country Chateau development at 6200 Col. Glenn Road also is linked with an October 2010 mortgage of $1.8 million held by Centennial Bank of Conway.

The project was purchased for $1.5 million in December 2009 from RPM Realty Fund, led by Pete Hornibrook.


Automotive Loan

A 4,762-SF Christian Brothers Automotive project in North Little Rock is backed with a $1.02 million financial package.



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