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

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

Auto Financing

A North Little Rock industrial property is securing a $650,000 funding agreement.

AM Maumelle LLC, led by Amos and Matt Enderlin, picked up the five-year loan from First Security Bank of Conway.

The 1.1-acre Little Rock Motor Cars development at 1 Maumelle Curve Court previously was linked with a March 2006 mortgage of $220,000 held by First Security Bank of Searcy.

The property was purchased for $275,000 more than two years ago from Clarence and Marie Bishop.

Church Funding

A Jacksonville church project is in motion with a $600,000 mortgage.

Emmanuel Bible Fellowship Church got the two-year loan from First Arkansas Bank & Trust of Jacksonville.

The 1.9-acre development at 6012 Gen. Samuels Road previously was tied to an August 2005 mortgage of $130,000 held by the bank.

The property was assembled in two transactions totaling $125,000. The sellers were Calvary Temple Ministries, $120,000 in April 2001, and The Bennett Trust, led by Murva Bennett, $5,000 in March 2002.   



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