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

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

The property was acquired for $1.6 million in August 2005 from H&M Realty Co., led by Stan Hastings.

Storage Loan

A midtown Little Rock redevelopment is financed with a $1.6 million mortgage.

AA Storage Development LLC, led by Scott Richburg, received the one-year loan from BancorpSouth Bank. Ten properties, covering 1.8 acres, were assembled in deals totaling $854,000.

The five biggest sellers were Levi and Richard Lance, $191,000 for 806 S. Taylor St.; Carroll and Thelma Smith, $160,000 for 802 S. Taylor St.; George and Kathleen Loss, $105,000 for 816 Fair Park Blvd.; Nau Moreno and Xihuiti Ilhuicamina, $100,000 for 824 S. Taylor St.; Edna and John Berry and Theo Mullins, $79,000 for 815 S. Fillmore St.

The other sellers were Dorothy Bevills, $60,000 for 815 S. Taylor St.; Michael Starns, $55,000 each for 5512 and 5520 Maryland Ave.; Lawrence Fee Jr., and his wife, Peggy, $40,000 for 816 S. Taylor St.; Thomas and Ethelee Beverly, $9,000 for a lot in the 800 block of South Taylor Street.

Church Construction

A Pulaski County congregation picked up a $1.5 million construction loan.

Rock of Ages Missionary Baptist Church of Maumelle Inc. got the three-year loan from First National Bank of Little Rock.

The 10-acre site on the north side of Interstate 40, a mile west of the Morgan-Maumelle exit, previously was linked with a June 2007 mortgage of $200,000 held by U.S. Bank.

The church purchased the land for $200,000 in June 2007 from Tartan Ltd., led by Morin Scott Jr.    



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