Hocott Property Acquired As Part Of $1.1 Million Transaction (Real Deals)

by George Waldon  on Monday, Jul. 4, 2011 12:00 am  

The property was acquired for $918,000 in July 2007 from Doug Buford Jr. and his wife, Julie.


River Market Condo

Condo space in downtown Little Rock's River Market Tower sold for $735,000.

The Waldron Joint Revocable Trust, led by James Waldron Jr. and his wife, Elizabeth, purchased the 15th floor unit at 315 Rock St. The seller is River Market Tower LLC, led by Jimmy Moses and Rett Tucker.

The deal is financed with a five-year loan of $410,000 from Metropolitan National Bank of Little Rock.

The 1.2-acre development is backed with a May 2007 mortgage of $47.6 million and an October 2005 mortgage of $4.7 million held by Metropolitan.

The site on the east side of Rock Street between Third and Fourth streets was bought more than five years ago as part of a nearly $5 million deal with the Arkansas Teacher Retirement System.


Nursing Home Note

A 35,183-SF nursing home project in Jacksonville was refinanced with a $3.5 million mortgage.

Woodland Hills Healthcare & Rehabilitation of Jacksonville LLC, led by Alington Kilgore, obtained the 30-month loan from First Arkansas Bank & Trust of Jacksonville.



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