EStem Buys Historic Gazette Building for $5.3 Million (Real Deals)

by George Waldon  on Monday, Mar. 21, 2011 12:00 am  

The location was purchased for $80,000 in June 2007 from Deltic Timber.

 

Suites Financing

The owner of a Candlewood Suites Extended Stay Hotel in west Little Rock picked up a $3.7 million financial package.

Chi Development Company LLC, led by Jasen Chi, obtained the five-year loan from IberiaBank of Little Rock.

The 1.43-acre development at 10520 W. Markham St. previously was tied to a July 2005 mortgage of $4.2 million held by Simmons First National Bank of Pine Bluff.

The former Shoney's restaurant location was acquired for $640,000 in March 1998 from RBR Enterprises Inc., led by Carl Ricker.

 

RKC Mortgage

Neighboring commercial projects in Maumelle were refinanced with a $1.1 million funding agreement.

RKC Properties LLC, led by Ron G. Crawford and Ron K. Crawford, received the loan from First Security Bank of Searcy.

The 115-117 Carnahan Drive properties previously were linked with October 2008 mortgages of $763,794 and $726,530 held by Arvest Bank of Fayetteville.

 

 

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