Residence Inn Draws $7 Million Transaction (Real Deals)

by George Waldon  on Monday, Jul. 15, 2013 12:00 am  

Residence Inn by Marriott at 1401 S. Shackleford Road in west Little Rock. (Photo by Mauren Kennedy)

Kingwood House

A 4,161-SF home in Little Rock’s Kingwood Place neighborhood is under new ownership after a $500,000 deal.

William and Lauren Edwards acquired the house from Dana Abraham and Danny Deislinger.

The deal is backed with a 15-year loan of $250,000 from IberiaBank Mortgage Co. of Little Rock.

The residence previously was linked with a September 2010 mortgage of $409,539 from Wells Fargo Bank of Sioux Falls, S.D., and a November 2011 mortgage of $110,000 held by BancorpSouth Bank.

The property was bought for $500,000 in April 2000 from Yvonne Law.

Auto Financing

A 40,824-SF automotive facility in south Little Rock was used to help secure a $325 million funding agreement.

Car Uni Ar Lit LLC of McLean, Va., obtained the seven-year loan from Barclays Bank PLC of London.

The 4.5-acre Landers Auto Body at 6301 S. University Ave. and an adjoining 9 acres were purchased for $2.89 million in May 2005 from Automotive Group Realty LLC of Bloomfield Hills, Mich.

Prospect Mortgage

The owner of a 114,372-SF office building in midtown Little Rock picked up a $6.5 million financial package.



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