$2.18 Million Land Deal Launches Chenal Curve Retail Development (Real Deals)

by George Waldon  on Monday, Jun. 10, 2013 12:00 am  

An artist's rendering of the proposed Chenal Curve Shopping Center.

The property is backed with an 18-month loan of $3.2 million from Regions Bank of Birmingham, Ala.

The debt additionally is secured by a 2,686-SF unit on the 19th floor purchased for $835,000 in January 2011 from River Market Tower LLC.

The space previously was used to secure a November 2011 mortgage of $960,000 held by Arvest Bank.

PV Residence

A 4,515-SF home in west Little Rock’s Pleasant Valley neighborhood is under new ownership after a $650,000 sale.

Timothy and Anne Mines acquired the house from the Steven C. & Kimberly K. Hockersmith Family Trust.

The deal is financed with a 30-year loan of $417,000 from Bank of Little Rock Mortgage Corp. and a five-year loan of $103,000 from BancorpSouth Bank of Tupelo, Miss.

The residence previously was linked with a December 2005 loan of $300,000 from American Home Mortgage of Melville, N.Y., and a December 2007 mortgage of $350,000 held by Little Rock’s Bank of the Ozarks.

The location was bought for $108,000 in October 2004 from Robert and Lori Evans.

Walton Heights Home

A 4,236-SF home in west Little Rock’s Walton Heights neighborhood changed hands in a $559,000 deal.

Ningning Wu and Jing Zhang purchased the house from David W. Bass. The deal is funded with a 30-year loan of $300,000 from Summit Bank of Arkadelphia.



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