Deltic Acreage Adds Up To $2.5 Million Buy (Real Deals)

by George Waldon  on Monday, May. 13, 2013 12:00 am  

Tenant turned owner at the Innerplan facility in North Little Rock. (Photo by Jason Burt)

A 4,343-SF home in west Little Rock’s Belle Pointe neighborhood is under new ownership after a $518,000 transaction.

William and Cynthia Waldron bought the house from Elias and Lina Anaissie. The deal is backed with a 30-year loan of $414,320 from BancorpSouth Bank of Tupelo, Miss.

The residence was acquired for $455,000 in November 1999 from Tom Allen Construction LLC.

St. John’s House

A 2,629-SF home in Little Rock’s St. John’s Place neighborhood rang up a $517,000 sale.

Richard and Alice Watts purchased the house from the Mary S. East Living Trust.

The deal is financed with a 30-year loan of $350,000 from First Financial Bank of El Dorado.

The location was bought for $190,000 in April 1993 from JWB Co., led by J.W. Benefield.

Holiday Inn Funding

The owner of a 128-room hotel in west Little Rock landed a $6.37 million funding agreement.

Westrock Hotels LLC, led by Pravinchandra Patel, Ishver Govind and Manish Patel, obtained the three-year loan from Heartland Bank of Bryant.

Other investors include Pankesh Jariwaia, Hiren Jetha, Naresh Patel, Nayan Nagin, Hasmukhlal Patel, Laxmi Patel, Janak Patel, Shailesh Patel, Keyn Vyas, Jayantilal Patel, Arvind Patel and Suresh Patel.

The 2.99-acre Holiday Inn development at 10920 Financial Centre Parkway previously was linked with a January 2012 mortgage of $5.49 million and an October 2012 mortgage of $891,251 held by Heartland.

The project was acquired for $2.8 million in August 2011 from Jameson Crestwood I LLC of Smyrna, Ga.



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