Little Rock Bank Branch Resale Closes at $1.1 Million (Real Deals)

by George Waldon  on Monday, Oct. 29, 2012 12:00 am  

He transferred ownership of the house to Tapp in November 2011 as consideration for his legal fees.

A court order allowed Tapp to sell the property with the proceeds escrowed until the court determined ownership of the proceeds left after First Service was repaid.

Mitchell's Cantrell Holdings LLC bought the house for $265,000 in January 2010 from the estate of Ruth Black and James and Laura Tague.

Family Dollar Funding

Two Family Dollar projects in Pulaski County were used to help secure big-buck mortgages.

Cole FD Portfolio I LLC of Phoenix received a $28.4 million loan from German American Capital Corp. of New York.

The funding is partially secured by the 0.84-acre development at 1700 Highway 161 in Jacksonville acquired for $952,000 six months ago.

Cole FD Portfolio III LLC of Phoenix obtained a $27.7 million loan from GS Commercial Real Estate Ltd. of Irving, Texas.

The funding is partially secured by the 1.5-acre development at 8510 Col. Glenn Road in Little Rock bought for $779,000 in April 2012.

The projects were acquired from Family Dollar Stores of Arkansas Inc. of Charlotte, N.C.



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