Redevelopment Trails $3 Million Retail Sale (Real Deals)

by Arkansas Business Staff  on Monday, Aug. 19, 2013 12:00 am  

Demolition has begun on the former Brandon House Furniture showroom in Little Rock.  (Photo by Luke Jones)

The seller was Colonel Glenn Bowman Road Development I LLC, led by Leonard Boen and Hank Kelley.

Northwest Mortgage

A 126-unit apartment project in west Little Rock was refinanced with a $4.8 million funding agreement.

MLAKE 21 LLC of North Kansas City, Mo., obtained the loan from Beech Street Capital LLC of Bethesda, Md.

The 8.09-acre Northwest Hills Apartments development at 11701 Mara Lynn Road previously was tied to a $4 million mortgage held by Great Southern Bank of Springfield, Mo.

The property was acquired for $5 million in October 2011 from Northwest Hills Associates Ltd. of Los Angeles.

 

 

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