Arkansas Business

Bryan and Sarah Renshaw acquired the house from the Allen W. Jenkins & Karene C. Jenkins Living Revocable Trust.

The trust provided a $475,000 mortgage to finance the deal. The property was purchased for $400,000 in September 2007 from the namesake revocable trusts of Paul and Cathy Leonard. 

Downtown Renovation

Renovation of a 45,528-SF office building in downtown Little Rock is in motion with a $6.9 million funding agreement.

Five Main LLC, led by Warren Stephens, obtained the 12-year loan from IberiaBank. The property, Five Main Place at 423 Main St., was bought for $318,000 in November 1978 from Phillip and Alice Back.

The rest of the 0.91-acre property used to secure the IberiaBank loan was acquired in deals totaling $535,000.

The sellers were:

• C-S-B Partnership I, led by James Conner; Janet Keith Vinsonhaler; Mary Peirce Keith and Delrena Keith Conner, $100,000 in January 1982.
• Tyrone Banderet, $175,000 in January 2002.
• Raymond L. Rodgers Living Trust, $150,000 in August 2001.
• Music Box U.S.A. Inc., led by Doug Wood, $110,000 in April 2001.

Gateway Funding

The owner of a retail/ministorage development in North Little Rock secured a $3.08 million financial package.

Richmarc Development LLC, led by Marc Yelenich and Keith Richardson, received the eight-year loan from IberiaBank.

The 24,500-SF Gateway Plaza at 9800 Maumelle Blvd. and the 6-acre Gateway Ministorage at 7101-02 Vestal Court were tied to a June 2007 mortgage of $2.8 million held by Community Bank of Cabot.

The property was assembled as part of buys from the Vestal Family Charitable Remainder Unitrust: $271,000 in June 2001 and $336,000 in February 2004.