GMAC Building Rings Up $7.1M Transaction (Real Deals)

by George Waldon  on Monday, Jul. 22, 2013 12:00 am  

The GMAC Building at 16101 La Grande Drive in west Little Rock. (Photo by Mauren Kennedy)

The 6.49-acre Wimbledon Green project at 1 Wimbledon Green Circle previously was linked with a February 2010 mortgage of $5.89 million held by Wells Fargo Bank of Sioux Falls, S.D.

The project was bought for $6.75 million in April 2008 from Wimbledon Green LLC, led by Tommy Hodges.

Inn Construction

Construction of a La Quinta Inn in west Little Rock is backed with a $5.2 million mortgage.

Hanuman Hospitality LLC, led by Feroz and Komal Patel, got the loan from First State Bank of Warren.

The 1.84-acre site at 9 Crossings Court was purchased for $600,000 in August 2010 from Shackleford Crossings LLC.

The limited liability company was then led by Timothy Buss, the court-appointed receiver for the Shackleford Crossings project.

Magnificent Loan

The owner/developer of a west Little Rock office building secured a $3.2 million funding agreement.

Magnificent Spaces LLC, led by Ifeoma Mogbo, obtained the 12-year loan from Regions Bank.

The 2.29-acre site at 1401 Kanis Park Drive was acquired for $285,000 in October 2011 from Williams USO LLC, led by Dr. Alonzo Williams. n



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