Arkansas Business

Deauville Home

A 5,078-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $633,000 sale.

Srinivasan Ramaswamy and Roopa Ram acquired the house from Chad and Lacy Matone. The deal is financed with a 15-year loan of $417,000 and a five-year loan of $89,400 from Metropolitan National Bank of Little Rock.

The residence previously was tied to March 2011 mortgages of $417,000 and $70,000 held by North Little Rock’s National Bank of Arkansas. The property was bought for $560,000 20 months ago from Little Rock’s Rector Phillips Morse.

Germay House

A 4,800-SF home in the Germay neighborhood of west Little Rock’s Chenal Valley development rang up a $585,000 transaction.

Antonio and Benecia Moore purchased the house from Greenbrier’s Homebank of Arkansas. The deal is funded with a 30-year loan of $417,000 from Bank of Little Rock Mortgage Corp. and a $51,000 loan from Homebank.

The residence previously was linked with a March 2009 mortgage of $651,577 held by the bank. Homebank recovered the property in July 2011 from Kevin Hannah at a $647,000 foreclosure sale.

The location was acquired for $140,000 in December 2005 from Harold Purdy Jr.

Retail Refinance

The owner of a 68,610-SF retail center anchored by Old Navy in west Little Rock landed a $7.25 million funding agreement.

Chenal Commons DST of Oak Brook, Ill., obtained the financing from JP Morgan Chase Bank of New York.