Fuel Facility Draws $18.9 Million Sale (Real Deals)

by George Waldon  on Monday, Jun. 3, 2013 12:00 am  

Terminal Funding

A North Little Rock distribution terminal was used to help secure a $250 million financial package.

NGL Supply Terminal Co. LLC of Tulsa obtained the 10-year loan from Deutsche Bank Trust Co. Americas of New York.

The 5.8-acre property was acquired in December 2003 as part of a $1.5 million transaction.

The seller was Gas Supply LLC, a subsidiary of publicly traded Williams Cos. Inc. of Tulsa.

Williams purchased the property in March 1998 as part of a $3.1 billion stock swap for Mapco Inc. of Tulsa.

Business Park Loan

A commercial project in west Little Rock is backed with a $3.7 million funding agreement.

Bowman Business Park LLC, led by Max Davis, received the eight-year loan from BancorpSouth Bank of Tupelo, Miss.

The 9.7-acre development at 1515 S. Bowman Road previously was tied to a January 2008 mortgage of $4 million held by the bank.

The location was bought for $175,000 in July 1994 from the estate of Minnie Moser.

 

 

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