LR Neurologist Building Sells for $1.4 Million (Real Deals)

by George Waldon  on Monday, Jan. 31, 2011 12:00 am  

Germay Home
A 4,876-SF home in the Germay Court neighborhood of west Little Rock's Chenal Valley development sold for $556,000.

Christopher and Brooke Seago bought the house from Kristi and Thomas Sebera. The deal is financed with a 30-year loan of $400,000 from Wells Fargo Bank of Des Moines, Iowa. The residence previously was tied to a July 2008 mortgage of $95,000 and a January 2009 mortgage of $417,000 held by Centennial Bank of Conway.

The Seberas acquired the property for $569,000 in July 2008 from Seven Gables Construction Co. of Central Arkansas LLC, led by Marvin Wayne Martin.

Nursing Refinance
The owner of a Little Rock nursing home picked up a $6.3 million financial package.

Little Rock AVIV LLC, led by Craig Bernfield, obtained the three-year loan from First Security Bank of Searcy.

The 0.71-acre Little Rock Healthcare & Rehabilitation Center development at 5720 W. Markham St. previously was linked with a January 2009 mortgage of $2.6 million held by The PrivateBank & Trust Co. of Chicago.

The property was purchased for $5.25 million two years ago from LRock Properties LLC of Sikeston, Mo.

Apartment Loan
Construction of a 72-unit apartment project in west Little Rock is in motion with a $3.8 million financial package.

Rowan Development LLC, led by Jasen Chi, received the 5.5-year loan from IberiaBank of Little Rock.

The limited liability company bought the 6.6-acre site at 1000 Kirby Road for $453,000 in August 2010 from Roy and Jennifer Stephens.

Martin Mortgage
A 4,000-SF commercial project in North Little Rock is backing a $1.39 million mortgage.

Marsha and Marty Martin got the one-year loan from IberiaBank. The 10605 Maumelle Blvd. project previously was tied to an August 2003 mortgage of $249,000 held by Little Rock's Pulaski Bank & Trust.



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