$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 residence previously was tied to a December 2009 mortgage of $170,000 held by Simmons First National Bank of Pine Bluff. The property was acquired for $730,000 in June 2007 from Marcus and Carol Fisher.

All American Collateral

A Little Rock nursing home was used to help secure a $500 million funding agreement.

Sandalwood Arkansas Property LLC, an affiliate of AVIV REIT Inc. of Chicago, obtained the three-year loan from Bank of America in Charlotte, N.C.

The 4.77-acre All American Care development at 2600 John Barrow Road was bought for $4.5 million in December 2011 from Silver Pointe of Little Rock LLC, led by Richard Griffin II.

Residential Security

A 7,420-SF manor in Little Rock’s Riverview Point neighborhood was used to help secure a $14.6 million mortgage.

L. Walter Quinn III and his wife, Terry, received the six-month loan from F&M Bank & Trust of Tulsa.

The home carries an August 2012 first mortgage of $1.37 million held by Malvern National Bank.

The residence was acquired for $1.49 million in July 2006 from Gary Hendershott.

Custom Funding

A Sherwood enterprise picked up a $5.4 million financial package.

CAC Properties LLC, led by Mike Gueringer and Paul Reesnes, got a seven-year loan of $3 million from Arvest Bank and a 10-year loan of $2.4 million from Six Bridges Capital Corp. of Little Rock.

The 194,500-SF Custom Aircraft Cabinets project at 5510 Landers Road previously was linked with an August 2012 mortgage of $5.4 million held by Arvest.

The 15.1-acre former National Home Center development was purchased for $3.7 million 10 months ago from Newman Family LLC, led by Dwain Newman, founder of the defunct National Home Center chain. n



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