Arkansas Business

 

Development of a commercial property in North Little Rock is in motion with a $731,000 mortgage.

Luckytown LLC, led by Chris Call, secured the five-year loan from Pulaski Bank of New Iberia, La.

The 1.22-acre property near the southwest corner of Riverview Corporate Drive and Dewafflebakker Road was acquired for $161,000 in June 2007 from Burkhalter Haas Properties LLC, led by John Burkhalter and David Haas.

Powers Financing

The owner of a North Little Rock enterprise picked up a $579,613 financial package.

Chad Powers obtained the three-year loan from Community Bank of Cabot. The nearly 5-acre Arkansas Power Steering & Hydraulics development at 900 Fiber Optic Drive previously was tied to a December 2006 mortgage of $630,709 held by Bank of the Ozarks.

The land was purchased for $134,000 in October 2000 from I-440 Business Fiberpark LLC, led by George Wilcox.

Greenleaf Note

An 11,900-SF warehouse project in south Little Rock is backed with a $540,000 funding agreement.

Greenleaf Wholesale Florist Inc., led by Conrad Gaboriau and Tim Matsuno, received the five-year loan from Regions Bank.

Greenleaf bought the 1.8-acre project at 1501 W. Garfield Drive for $550,000 in December 2007 from United Properties Inc., led by Warren Stephenson and RaymondAshmore.