Our Way Apartments in WLR Sells for $2.88 Million (Real Deals)

by George Waldon  on Monday, Feb. 6, 2006 12:00 am  

A 2,600-SF home in Little Rock’s Shadowlawn neighborhood is under new ownership after a $520,000 deal.

Dennis Jacks and Lizabeth Roberts bought the house from Gary Duke. The deal is backed with a three-year loan of $495,000 from Pine Bluff National Bank.

The residence previously was tied to an August 2005 mortgage of $225,000 held by Pulaski Mortgage Co. of Little Rock and an August 2005 mortgage of $45,000 held by Arvest Bank.

Duke acquired the property for $260,000 in November 2004 from Brett Pitts.

Chenal Abode III

A 3,700-SF home in west Little Rock’s Chenal Valley neighborhood sold for $510,000.

Napoleon and Phyllis Johnson purchased the house from Bowden Boshears Construction Co. The deal is funded with a 30-year loan of $357,000 held by American Wholesale Lender of Dallas.

The residence previously was linked with an August 2004 mortgage of $412,000 from Bank of the Ozarks.

The site was bought for $68,000 in January 2004 from Deltic Timber Corp.

Town Center Loan

An undeveloped 176-acre tract in southwest Little Rock is securing a $2.5 million financial package.

Town Center LLC, led by Tommy Hodges, obtained the three-year loan from Bank of the Ozarks



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