Mohr's Maumelle Buy Closes at $5.4 Million (Real Deals)

by George Waldon  on Monday, Jul. 29, 2013 12:00 am  

Scholastic Distribution at 1 Champs Blvd. in Maumelle.  (Photo by Mauren Kennedy)

A 151-unit apartment complex in south Little Rock is backed with a $4.3 million mortgage.

Big Country Chateau LLC, led by Carl Schultz and Cynthia Knoerr, got the 25-year loan from Wells Fargo Bank of Sioux Falls, S.D.

The 5.78-acre Chateau Deville development at 6200 Col. Glenn Road previously was linked with a November 2011 mortgage of $2.4 million and a July 2012 mortgage of $250,000 held by First Security Bank.

The project was bought for $1.5 million in December 2009 from RPM Realty Fund, led by Pete Hornibrook.

Million-Dollar Construction

Amboy Elementary School    $12,500,000
101 Auburn Drive, North Little Rock
Baldwin & Shell Construction Co., Little Rock

Fountaine Bleau North Apartments    $6,500,000
4429 E. 46th St., North Little Rock
Burkhalter Technologies Inc., North Little Rock

Community Union Building    $2,347,700
Arkansas Baptist College
1523 Martin Luther King Jr. Drive, Little Rock
Kinco Constructors LLC, Little Rock



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