Harper Family Reaps $1.3 Million From Farm Sale (Real Deals)

by George Waldon  on Monday, May. 30, 2011 12:00 am  

St. Mark Baptist Church obtained the loan from U.S. Bank. The 13.5-acre development at 5722 W. 12th St. previously was linked with a November 2008 mortgage of $7.2 million held by the bank.

St. Mark started assembling its property in January 1994, buying a 4.5-acre church project from Central Baptist Church for $1.3 million.

 

Suri Mortgage

A 1.3-acre office/retail development in west Little Rock is backed with a $2 million financial package.

B Ram Suri Properties LLC, led by Ajay and Anuradha Suri, received the seven-year loan from Little Rock's Bank of the Ozarks.

The location at 36 Rahling Road was acquired for $485,000 in June 2009 from Shannon Properties LLC, led by Glenda Shannon; and Rahling Properties LLC, led by Carla Spainhour.

 

Residential Loan

Construction of 13 homes in downtown North Little Rock is in motion with a $2 million mortgage.

The city of North Little Rock landed the 18-month loan from the Arkansas Development Finance Authority. The properties in the Baring Cross area were assembled in September 2010 in deals totaling $115,000.

The sellers were NLR Parker Street Properties LLC, led by Lisa Ferrell, $79,000; Baring Cross Restoration LLC, led by Alan Abston, $20,000; North Bluffs Development Corp., led by Ferrell, $10,000; and JMB Investments LLC, led by Bryon Hicks, $6,000.

 

 

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