Sherwood Boomerang Car Wash Generates $2.4M Sale (Real Deals)

by George Waldon  on Monday, Mar. 25, 2013 12:00 am  

The former University Truck Center in Little Rock rang up a $500,000 sale.

Mountain Investments LLC, led by Tim Zimmerman, purchased the 7.76-acre development at 4601 S. University Ave. The seller is SBF Investments II Inc., originally led by Bob Fewell.

The transaction is backed with a five-year loan of $600,000 from Bank of Little Rock. The property previously was tied to an August 2009 mortgage of $407,905 held by Centennial Bank of Conway.

The property was acquired in April 1967 as part of a $260,000 deal with Carl and Katherine Boyd and Grover and Pauline Boyd.

Belle Pointe Abode

A 3,900-SF home in the Belle Pointe neighborhood of west Little Rock is under new ownership after a $607,000 sale.

Gerson Teran and Luidmila Schafer bought the house from Paul W. Stout Revocable Trust.

The deal is funded with a 30-year loan of $417,000 and a 20-year loan of $159,650 from Arkansas Federal Credit Union of Jacksonville.

The residence previously was linked with an August 2004 mortgage of $456,000 held by Bank of Little Rock Mortgage Corp.

The property was purchased for $85,000 in April 2001 from the George Morrison Henry Revocable Trust and William Terry Roy.



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