Cauley Asks for More Time to Raise Restitution

by George Waldon  on Monday, Oct. 5, 2009 12:00 am  

A 150.38-acre tract is secured by a $2.3 million mortgage held by Twin City Bank of North Little Rock. The land was purchased for a reported $3 million in July 2007.

A 108.76-acre tract is secured by a $1.37 million mortgage held by Allied Bank of Mulberry. The land was acquired for a reported $1.4 million in July 2007.

A 100.86-acre tract is secured by a $1.57 million mortgage held by Metropolitan National Bank of Little Rock. The land was bought for a reported $3.5 million in September 2005.

A 100-acre tract is secured by a $1.59 million mortgage held by Metropolitan. The land was purchased for a reported $2.5 million in January 2006.

The two Metropolitan loans now are cross-collateralized with each other as well as three other loans from the bank that totaled $4.8 million, $1.46 million and $132,600.

 

 

 

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