NLR Theatre Company Sets Stage for Faucette Building (Real Deals)

by George Waldon  on Monday, Feb. 2, 2009 12:00 am  

The new $ million home of Baldwin & Shell Construction Co. is taking shape in down Little Rock. The 23,00-SF structure at 1000 W. Capitol Ave. should be completed in April.

The sellers were Lena Belle Young Stafford Ltd., 89 acres for $1 million in March 2006; and Joe Melton Jr. and his wife, Barbara, and John Tull Jr. and his wife, Mary, 22 acres for $105,000 in May 1989.

Inn Financing

The owner of a motel in southwest Little Rock picked up a $1.56 million financial package.

Sagar Hospitality Inc., led by Dilip Patel, obtained the 3.5-year loan from Community Bank of Cabot.

The 2-acre Rest Inn development at 8217 Interstate 30 previously was tied to an April 2005 mortgage of $1.25 million held by the bank.

The property was bought for $1.39 million nearly four years ago from D.M.V. Inc., led by David Patel.

Rivercliff Loan

A 135-unit apartment project in the Riverdale area of Little Rock is securing a $1 million mortgage.

Rivercliff Co., led by Richard Cheek, got the one-year loan from Regions Bank of Birmingham, Ala.

The 16.4-acre Rivercliff Apartment development at 2000 Magnolia Ave. was built with a $200,000 loan after a June 1947 ownership shift from Arkansas Housing Corp.

Church Mortgage

A North Little Rock congregation picked up a $781,234 financial package.



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