Athletic Trio Transaction Adds Up to $18.8 Million (Real Deals)

by George Waldon  on Monday, Jul. 1, 2013 12:00 am  

Little Rock Athletic Club at 4610 Sam Peck Road in west Little Rock. (Photo by Mauren Kennedy)

The property was acquired for $510,000 in January 2011 from One Bank.

Fountaine Bleau Funding

Expansion of the 216-unit Fountaine Bleau North apartment project in North Little Rock is in motion with a $26.5 million funding agreement.

Burkhalter FBN LLC, led by John Burkhalter, obtained the three-year loan from Jonesboro’s Liberty Bank of Arkansas.

The 12-acre development at 4401 E. 46th St. previously was tied to a June 2011 mortgage of $11 million held by the bank.

The location near the northeast corner of Smokey Lane and 46th Street was bought for $555,000 in June 2011 from Osborne Leasing Inc., led by Bobby Osborne.

Tire Mart Mortgage

The Southern Tire Mart in North Little Rock was used to help secure a $30 million financial package.

Duff Real Estate LLC of Columbia, Miss., received the five-year loan from First Tennessee Bank of Memphis.

The 9-acre development at 12100 Valentine Road also helps secure a January 2012 mortgage of $45 million held by the bank.

Duff Real Estate purchased the property for $500,000 in January 2008 from Lena Belle Young Stafford Ltd.

Centro Financing

A 5,200-SF warehouse project in Sherwood is backing a $6 million mortgage.

Centro Inc. of Memphis got the loan from First Tennessee Bank of Memphis.

The 0.46-acre site at 7600 Hardin Drive was acquired for $140,000 in December 2001 from Henson Enterprises Ltd., led by Hollis Henson.



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