$5.3 Million Sale Visits Marriott Hotel (Real Deals)

by George Waldon  on Monday, Sep. 2, 2013 12:00 am  

Townplace Suites by Marriott at 12 Crossings Court in west Little Rock.  (Photo by Mauren Kennedy)

The owner of a west Little Rock commercial site landed a $2.69 million financial package.

Jamie Saad got the loan from Coastal Bank & Trust of Florida in Pensacola.

The mortgage is secured by a 1.57-acre property near the northwest corner of Highway 10 and Sam Peck Road.

The location was acquired in September 1993 as part of a $255,000 deal with Grace Community Church.

Nursing Home Note

The owner of a 35,183-SF nursing home project in Jacksonville picked up a $2.37 million financial package.

Woodland Hills Healthcare & Rehabilitation of Jacksonville LLC, led by Alington Kilgore, received the nine-month loan from First Arkansas Bank & Trust of Jacksonville.

The 6.43-acre development at 1320 Braden St. was linked with a May 2011 mortgage of $3.5 million held by the bank.

The project was acquired for $4.6 million in May 2006 from Beverly Enterprises Arkansas Inc. of Fort Smith. n



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