Sherwood Gander Mountain Sells for $4 Million (Real Deals)

by George Waldon  on Monday, Apr. 11, 2011 12:00 am  

David Nelsen Jr. and his wife, Judith, purchased the house from Fred and Deborah Smith.

The deal is funded with a 20-year loan of $390,000 from Little Rock's Bank of the Ozarks.

The Smiths acquired the site for $63,000 in August 1998 from Carriage Creek Property Owners Improvement District No. 639.


Peaks Funding

Development of 96 apartments in North Little Rock is in motion with a pair of $4.7 million mortgages.

Peaks At Country Club Ltd. and Peaks At Country Club Phase II Ltd., led by Keith Richardson, obtained the two-year loan from Stearns Bank of St. Cloud, Minn.

The 9.4-acre project, geared toward seniors, is on the west side of Counts Massie Road near the north end of the road.

The land was assembled in two transaction totaling $568,000. The sellers were William, Charles IV, Linda, Brian, Denia and Tanya Stanley, 18.8 acres for $399,000 in May 2003; and Metropolitan National Bank, 1.1 acres for $169,000 in February 2008.


Office Refinance

A 50,000-SF office building in west Little Rock was refinanced with a $2.77 million loan.



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