Zaxby's Combo Deal Rings Up $2.4 Million (Real Deals)

by George Waldon  on Monday, May. 20, 2013 12:00 am  

The Zaxby’s at 208 Brookswood Road in Sherwood  sold for $1.3 million, part of tandem transactions that included a Jacksonville restaurant. (Photo by Jason Burt)

Melvin Dassinger III and his wife, Mary, acquired the house from Joel and Kathryn Gladden.

The deal is financed with a 30-year loan of $417,000 and a five-year loan of $108,600 from Metropolitan National Bank. The residence previously was tied to an August 2012 mortgage of $406,800 held by Bank of Little Rock Mortgage Corp.

The property was purchased for $705,000 in February 2007 from Chris and Anne Ladner.

Cliffewood Abode

A 5,000-SF home in Little Rock’s Cliffewood neighborhood sold for $570,000.

Mary Woods bought the house from James and Nancy Burrell.

The residence previously was linked with a July 2005 mortgage of $230,000 held by Regions Bank of Birmingham, Ala.

The location was acquired for $135,000 in November 2004 from Richard Smith III and his wife, Susan.

Oakcliff Mortgage

The owner of a 50,724-SF office-retail center in southwest Little Rock picked up a $2.35 million funding agreement.

Oakcliff LLC, led by Joseph Kelley, obtained the 10-year loan from Midwest BankCentre of St. Louis.

The debt is secured by the 5-acre Little Rock Corporate Center development at 7501 Interstate 30 and its 86,000 SF of warehouse space, plus two commercial parcels on East 11th Street in North Little Rock encompassing 5.4 acres.



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