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

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

Regal Properties LLC, led by Muhammad and Zoka Almahayni, received the loan from Delta Trust & Bank.

The 0.76-acre development previously was linked with a December 2010 mortgage of $1.03 million held by U.S. Bank of Cincinnati.

The project at 12701 Maumelle Blvd. was bought for $1.8 million in December 2008 from Christian Brothers Maumelle Ltd., led by Mark Carr.

 

Warehouse Note

Improvements at a leased commercial project in southwest Little Rock were refinanced with a $690,000 funding agreement.

Rogers Warehouse Development LLC, led by Ivan Crossland Jr., obtained the 10-year loan from CrossFirst Bank of Overland Park, Kan.

The 6,450-SF RSC Equipment Rental facility at 11618 Otter Creek South Road previously was tied to an October 2006 mortgage of $750,000 held by Arvest Bank of Fayetteville.

The 2.27-acre location is owned by Clifford and Gayla Byrd, who purchased the land for $272,000 in July 2006 from 430 Investments LLC, led by Gene Cauley.

 

Motel Financing

The owner of a 122-room southwest Little Rock motel picked up a $652,000 mortgage.

 

 

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