Ridge at Chenal Site Bought for $2.6 Million (Real Deals)

by George Waldon  on Monday, Jul. 25, 2011 12:00 am  

The property was purchased for $475,000 more than eight years ago from Roger and Lori Williams.


Ferguson Financing

A $3 million funding agreement is secured by 120 acres in west Pulaski County.

R Ferguson Unit 204 Ltd., led by Rick Ferguson, obtained the revolving line of credit from Centennial Bank.

The limited partnership also picked up a one-year loan of $500,000 from Bank of Little Rock using 40 acres as collateral.

Backing the mortgages is land between Microwave Tower Road and Highway 300, about 1.5 miles west of Monnie Springs.

All this land was acquired in May 2006 as part of a $546,000 deal with Soterra LLC of Jackson Miss., an affiliate of Greif Brothers Corp. of Delaware, Ohio.


Contractor Mortgage

The owner of a 10,800-SF office-warehouse project in west Little Rock landed a $980,000 financial package.

Clark Contractors LLC, led by William Clark, received the one-year loan from Simmons First National Bank.



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