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

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

The 6.43-acre development at 1320 Braden St. was linked with a May 2006 mortgage of $4.07 million held by Bankfirst of Minneapolis.

The project was acquired for $4.6 million more than five years ago from Beverly Enterprises Arkansas Inc. of Fort Smith.


Dealer Financing

The owner of a 7.5-acre auto dealership site picked up a $2.38 million funding agreement.

Crain Investments Ltd., led by Larry Crain Sr., received the six-month loan from Bank of America in Charlotte, N.C.

The location at 11 Bowman Glenn Plaza Drive, near the northwest corner of Interstate 430 and Col. Glenn Road, was purchased for $3.2 million in October 2010 from Colonel Glenn Bowman Road Development I LLC, led by Leonard Boen and Hank Kelley.


Huron Mortgage

A 12,600-SF office building in west Little Rock is backed with a $1.48 million financial package.

Huron Lane LLC, led by Anthony Fakouri, Victor Jacuzzi Jr. and the Lay Family Revocable Trust, led by Gary Lay, got the loan from First Security Bank of Searcy.

The 1.1-acre development at 11501 Huron Lane previously was tied to a July 2009 mortgage of $1.2 million from Little Rock's Centennial Bank.



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