Cold Storage Sale Tops $1.5 Million (Real Deals)

by George Waldon  on Monday, Apr. 8, 2013 12:00 am  

1400 Gregory St. project in North Little Rock.

The deal is backed with a 30-year loan of $417,000 from Carroll Mortgage Group Inc. of Little Rock and a 15-year loan of $63,800 from TruService Community Federal Credit Union of Little Rock.

The residence previously was tied to a February 2012 mortgage of $428,000 held by One Bank & Trust of Little Rock.

The location was bought for $83,000 in February 2012 from Rocket Properties LLC, led by Ron Tyne.

Adcare Financing

Three nursing home projects in Pulaski County are helping secure a $16.5 million funding agreement.

Affiliates of Adcare Health Systems Inc. of Columbus, Ohio, obtained the two-year loan from Keybank of Cleveland.

The 4.77-acre Northridge Healthcare & Rehabilitation Center development at 2501 John Ashley Drive in North Little Rock and the 1.34-acre Woodland Hills Rehabilitation & Healthcare Center at 8701 Riley Drive in west Little Rock previously were linked with an April 2012 mortgage of $21.8 million held by Privatebank & Trust Co. of Chicago.

The 1.89-acre Abington Place Health & Rehab Center at 1516 Cumberland St. in downtown Little Rock previously was tied to an April 2012 mortgage of $3.4 million held by Metro City Bank of Atlanta.

Northridge HC&R Property Holdings LLC acquired its 140-bed namesake project a year ago from Northridge Arkansas LLC of Chicago for $5.6 million.

Woodland Hills HC Property Holdings LLC bought its 140-bed namesake project a year ago from Woodland Arkansas LLC of Chicago for $4.5 million.

APH&R Property Holdings LLC purchased the 120-bed Abington project a year ago from SCLR LLC, led by Rick Wilson of Royal (Garland County), for $3.6 million.

Willow Bend Loan



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