Arkansas Business

Courts House

A 4,400-SF home in The Courts neighborhood of west Little Rock’s Chenal Valley neighborhood drew a $500,000 transaction.

Suman Siddamreddy and Vasuki Dandu purchased the house from Trammell Construction Inc., led by Renee Trammell.

The deal is financed with a 15-year loan of $400,000 from IberiaBank Mortgage Co. of Little Rock.

The residence previously was linked with a March 2006 mortgage of $496,000 held by Little Rock’s Bank of the Ozarks.

The location was bought for $72,000 in October 2005 from Deltic Timber Corp. of El Dorado.

Courtyard Construction

Construction of a 98-room Courtyard by Marriott in North Little Rock is in motion with a $7.2 million funding agreement.

Shree Jalaram Bapa Associates, led by Jitendra Patel, obtained the 18-month loan from Farmers Bank & Trust of Magnolia.

The former Circuit City location at 4339 Warden Road previously was tied to a December 2009 mortgage of $750,000 held by First Arkansas Bank & Trust of Jacksonville.

The 3.01-acre property was acquired for $1.45 million from CC Acquisitions Ltd., an arm of New York Life Insurance Co.