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

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

The 1-acre development at 1 Seven Acres Drive was bought for $1 million at a May 2010 foreclosure sale.

The transaction followed Central Bank of Little Rock landing a $1.1 million judgment against the former owner, MDH Builders Inc., led by Mike Hill.

 

Datek Funding

A 26,400-SF commercial project in North Little Rock was refinanced with an $849,819 mortgage. David and Janice Allmendinger got the loan from Centennial Bank.

The 2.57-acre Datek development at 4007 Richards Road previously was linked with a September 2010 mortgage of $880,000 held by the bank.

The property was purchased for $880,000 10 months ago from Gemini of Arkansas LLC, led by Holly Smith.

 

Thousand Peaks Note

An office-warehouse project in North Little Rock is in motion with a $756,727 loan. Thousand Peaks Ventures LLC obtained the funding for the Snyder Environmental development from First Security Bank.

Thousand Peaks is composed of the namesake revocable trusts of Brock and Paula Johnson, Daniel H. Williams and Joe S. Carter.

The nearly 1.5-acre property at 7031 Dewafelbakker Lane was acquired in November 2009 for $195,000 from MM Maumelle LLC, led by Matt Enderlin.

 

 

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