Eastside Lofts Attracts $900,000 Sale (Real Deals)

by George Waldon  on Monday, May. 27, 2013 12:00 am  

Barry and Toni Block purchased the house from Jaluli Investments LLC, led by Joseph Stewart and Daniel Lewis.

The deal is funded with a 30-year loan of $417,000 from IberiaBank Mortgage Co. of Little Rock and a 20-year loan of $103,000 from IberiaBank of Lafayette, La.

The residence previously was linked with a May 2012 mortgage of $450,000 and a December 2012 mortgage of $50,000 held by Malvern National Bank.

The property was acquired for $198,000 a year ago from the estate of James Arthur Maxwell.

Margeaux Place Abode

A 5,197-SF home in the Margeaux Place neighborhood of west Little Rock’s Chenal Valley development drew a $547,000 transaction.

Leland and Zandral Shepherd bought the house from Dwight and Teresa Stewart. The deal is backed with a 30-year loan of $417,000 from Bank of Little Rock Mortgage Corp. and a five-year loan of $75,300 from Bank of Little Rock.

The residence previously was tied to an August 2004 mortgage of $440,000 from United Bank of Springdale.

The property was purchased for $550,000 more than eight years ago from Steven and Sheila Jumper.

Shotgun Land

Development of the largest trap shooting facility in Arkansas is in motion with a $3 million funding agreement.

The city of Jacksonville obtained the one-year loan from BancorpSouth Bank of Tupelo, Miss.

Other partners making the 14-station shooting range happen include the Arkansas Game & Fish Foundation and the Arkansas Game & Fish Commission.

The land near the northeast corner of Graham and J.P. Wright Loop roads was acquired for $480,000 in December from Peacock Management LLC, led by James Peacock, and Wilson Family Ltd., led by Mike Wilson.

Seven-Digit Construction

59-bed Alzheimer Facility     $7,780,420
8401 Ranch Drive, Little Rock
C.R. Crawford Construction LLC, Fayetteville

Albert Pike Renovation    $5,342,601
701 Scott St., Little Rock
Empire Corp. of Tennessee Inc., Knoxville, Tenn.

L.A. Fitness Building    $5,000,000
304 S. University Ave., Little Rock
Mycon General Contractors Inc., McKinney, Texas

11th-Floor Renovation    $2,198,000
320 W. Capitol Ave., Blue Cross, Little Rock
Baldwin & Shell Construction Co., Little Rock

J.A. Riggs Training Facility    $1,211,087
9125 Interstate 30, Little Rock
Baldwin & Shell Construction Co., Little Rock



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