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

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

The 1.1-acre development at 4110 Landers Road previously was tied to a June 2006 mortgage of $1.44 million from Greatbank of Algonquin, Ill.

Slevin Capital acquired the property for $1.93 million more than two years ago from Barrett Ventures I LLC, led by Tommy Twitty.

Central Mortgage

A general aviation concern in Little Rock landed a $1 million financial package.

Central Flying Service Inc., led by Richard and Donald Holbert, received the five-year loan from Regions Bank of Birmingham, Ala.

The Central Flying development at 1501 Bond St. previously was linked with a July 2007 mortgage of $1.25 million from the bank.

The project is part of 19.7 acres leased from the city of Little Rock. The land was included in a 76.2-acre tract the U.S. government transferred to the city in May 1951.

Cabling Note

A North Little Rock enterprise is backed with an $800,000 note.

Advanced Cabling Systems LLC, led by Robert East and Michael Kennedy, got the five-year loans.

The 1.2-acre development at 4950 Northshore Lane previously was tied to a June 2007 mortgage of $750,000 held by Centennial Bank.

The location was bought for $155,000 in April 2007 from Pfeifer Family Ltd. No. 1, led by Gene Pfeifer.



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