Baptist State Convention Quarters Sold for $2 Million (Real Deals)

by George Waldon  on Monday, Oct. 27, 2008 12:00 am  

Oaks Residence

A 3,186-SF home in The Oaks neighborhood of west Little Rock's Chenal Valley development drew a $515,000 transaction.

James and Linda Davis purchased the house from Charles and Linda Barg. The deal is backed with a 30-year loan of $412,000 from Sirva Mortgage Inc. of Independence, Ohio.

The residence previously was tied to a July 2007 mortgage of $359,100 and a December 2007 mortgage of $100,000 held by Centennial Bank of Little Rock.

The property was bought for $470,000 in August 2004 from Robb Boyles Construction Co.

Eminent Note

The purchase of a 106-acre spread in Sherwood is funded with a $5.35 million mortgage.

The Public Facilities Board of Sherwood obtained the three-year loan from Twin City Bank. The North Hills Country Club at 7400 Hwy. 107 previously was linked with a June 1985 loan of $140,000 from First American National Bank of North Little Rock.

The city of Sherwood entered the ownership in September 2008 after a $5 million eminent domain action against the namesake revocable trusts of James and Betty Rodgers and two other Rodgers-led entities: Club Properties Inc. and North Hills Country Club.

The property was acquired for $30,000 in July 1946 from Metropolitan Trust Co., led by Justin Matthews.

Industrial Refinance

A 10-acre industrial project in south Little Rock is refinanced with a $2.1 million financial package.

 

 

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