Easter Seals Makes $3.2 Million Buy (Real Deals)

by George Waldon  on Monday, Apr. 9, 2012 12:00 am  

A 4,833-SF home in The Villages of Wellington neighborhood of west Little Rock is under new ownership after a $530,000 deal.

Ling Gao and Haibo Zhao acquired the house from Michael and Paige Hui. The deal is backed with a 15-year loan of $417,000 from Bank of Little Rock Mortgage Corp.

The residence previously was linked with a July 2006 mortgage of $477,600 held by BLR Mortgage. The property was purchased for $597,000 more than five years ago from Bateman & Kuhn Professional Buildings PLLC, led by Robert Bateman and Todd Kuhn.

 

Warehouse Mortgage

The owner of a 125,000-SF warehouse project in North Little Rock landed a $17.8 million funding agreement.

Glazer Investments Inc., led by Bennett Glazer, obtained the 10-year loan from Bank of America.

The 20-acre development at 11101 Smitty Lane previously was tied to a January 2004 mortgage of $7.2 million held by Frost National Bank of San Antonio.

Glazer bought the location through its Park Ave. Corp. affiliate in April 2003 for $550,000 (about 60 cents per SF). The seller was D&B Commercial Park LLC, led by James Dietz.

 

Office Funding I

Office space totaling 195,000 SF in Little Rock's Riverdale area was used to secure a $7.65 million mortgage.

 

 

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