Maumelle Apartments Sell for $1.4M (Real Deals)

by George Waldon  on Monday, Mar. 4, 2013 12:00 am  

A 3,060-SF home near the Country Club of Little Rock sold for $550,000.

Joseph and Michelle Upton acquired the house from Mark and Michele Meadors. The deal is backed with a $300,000 loan from Centennial Bank.

The residence previously was linked with April 2005 mortgages of $600,000 held by One Bank & Trust of Little Rock and $50,000 held by Centennial.

The property was bought for $600,000 nearly eight years ago from Ford and Stephanie Overton.

Done Deal Funding

The owner of a mixed-commercial project in Little Rock picked up a $2.5 million financial package. Done Deal Inc., led by Charles Hunnicutt, obtained loans of $2.3 million and $200,000 from First Security Bank of Searcy.

The 9.86-acre development at 10900 Stagecoach Road, which includes the Lock & Load mini-storage project and 9,729 SF of office-retail space, previously was tied to an April 2007 mortgage of $2.04 million held by Pulaski Bank & Trust of Little Rock.

The project was purchased for $2.3 million in April 2007 from Lock & Load LLC, led by Scott Girner and Clint Wilson.



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