Block 2 Purchased for $9 Million (Real Deals)

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

 

College Funding

Two student housing projects on a downtown Little Rock campus are
funded with a $5.65 million bond issue. Philander Smith College, led by Walter Kimbrough, received the financing through the Pulaski County Public Facilities Board.

The dormitory project, totaling 105 rooms, previously was tied to an April 2011 mortgage of $2.5 million held by Centennial Bank of Conway and a May 2010 mortgage of $2.55 million held by Regions Bank of Birmingham, Ala.

The property at 900 W. Daisy Bates Drive was bought in February 1958 as part of a 2-acre $77,000 deal with the Little Rock Housing Authority.

 

Restaurant Space

Restaurant space in west Little Rock is securing a $600,000 financial package.

SC Hwy. 10 Co., led by Juvenal Perez, got the loan from Delta Trust & Bank of Little Rock.

The leased space for the Santo Coyote Tequila Bar is in the 26,700-SF Pleasant Ridge West project at 11610 Pleasant Ridge Road.

The 3.5-acre development is owned by Pleasant Ridge LLC, led by Louis Schickel.

 

 

 

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