WLR Patio Home Project Starts With $1.7M Buy (Real Deals)

by George Waldon  on Monday, Jan. 7, 2013 12:00 am  

Estates Sale

A 6,489-SF home in The Estates neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $900,000 sale. Nauman and Labna Yunus acquired the house from Roy Rainey Jr. and his wife, Adriene.

The deal is funded with a 30-year loan of $650,000 and a 25-year loan of $160,000 from U.S. Bank of Cincinnati.

The residence previously was tied to an October 2005 mortgage of $480,000 held by Bank of the Ozarks.

The location was bought for $90,000 in October 1995 from Deltic Farm & Timber Co. of El Dorado. n

Hotel Construction

Construction of a Residence Inn by Marriott in downtown Little Rock is in motion with a $5 million financial package.

Clinton-Commerce LLC, led by John McKibbon, obtained the five-year loan from First Security Bank of Searcy.

The 0.46-acre site at 219 River Market Ave. previously was linked with a January 2009 mortgage of $1.22 million held by the bank.

The location was purchased for $1.52 million three years ago from Arkansas Democrat-Gazette Inc., led by Walter Hussman Jr.

Seven-Digit Construction

The Villa at River Pointe Drive Phase I    $4,750,000
8000 River Pointe Drive, Maumelle
Pickering-Allwine LLC, Little Rock

Adult Leisure Center    $2,762,000
6401 W. 12th St., Little Rock
CDI Contractors LLC, Little Rock

7,600-SF House    $1,500,000
31 Sologne Circle, Little Rock
Kevin Hughes Construction Co., Little Rock



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