Former Fellowship Offices Finds $4.6 Million Buyer (Real Deals)

by George Waldon  on Monday, Sep. 15, 2008 12:00 am  

Multifamily Property

An apartment building in downtown Little Rock sold for $175,000.

Betty Krenz acquired the 418 E. 15th St. property from Crescent Capital Investments LLC, led by Mallory Crank Jr. The deal is backed with a three-year loan of $187,500 from BancorpSouth Bank.

The 0.2-acre development was purchased for $83,000 in April 2001 from John and Anne Jarrard.

Deauville Home

A 5,000-SF home in the Deauville neighborhood of west Little Rock's Chenal Valley development rang up an $865,000 sale.

David and Linda Shaver bought the house from Carl Gray Henson Inc. The residence previously was tied to an August 2007 mortgage of $696,000 held by Regions Bank of Birmingham, Ala.

The site was acquired for $137,000 in December 2005 from Deltic Timber Corp. of El Dorado.

Germay Residence

A 4,876-SF home in the Germay Court neighborhood of west Little Rock's Chenal Valley development drew a $569,000 transaction.

Thomas and Kristi Sebera purchased the house from Seven Gables Construction Co. of Central Arkansas LLC, led by Wayne Martin.

The deal is financed with a 30-year loan of $417,000 and a five-year loan of $95,100 from Centennial Bank of Little Rock.

The residence previously was linked with a December 2004 mortgage of $620,000 from U.S. Bank of Minneapolis. The location was bought for $107,000 from Deltic Timber.

Anthony Financing

A Little Rock private school landed a $5.5 million funding agreement. Anthony School Inc. obtained the three-year loan from Regions Bank.

The 4.4-acre school development at 7700 Ohio St. previously was tied to an August 2003 mortgage of $1.2 million held by Metropolitan National Bank of Little Rock, a July 1999 mortgage of $1.2 million held by Regions Bank, and a February 1995 mortgage of $600,000 held by Little Rock's First Commercial Bank.



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