Riverdale's Raney Building Headlines $3.5M Triple Purchase (Real Deals)

by George Waldon  on Monday, Sep. 23, 2013 12:00 am  

T.J. Raney Building at 3600 Cantrell Road. (Photo by Jason Burt)

The residence previously was tied to an October 2011 mortgage of $378,400 held by Riverside Mortgage Co. of Little Rock.

The property was bought for $465,000 in March 2010 from Joe and Miriam Solomon.

Villas Financing

The Villas at Northwood Creek apartment complex in North Little Rock is backed with a $10 million financial package.

Northwood Creek LLC, led by David Haas, Steven Molpus, Steven Pascoe and Roy Yelenich, received two five-year loans from First Federal Bank of Harrison.

The 37.9-acre development previously was linked with an August 2011 funding agreement of $6.5 million held by First Security Bank of Searcy and an October 2012 mortgage of $1.2 million held by Eagle Bank & Trust of Little Rock.

The land was assembled in two deals totaling more than $1.7 million. The sellers Jimmy Greenfield Sr. and his wife, Karen, $565,000 in September 2008; and JKGS LLC, led by Karen Greenfield, $1.16 million for 20 acres in October 2012.

Sweet P Mortgage

The owner of two Popeyes eateries in Pulaski County picked up a $3.5 million funding agreement.

Sweet P Investors Inc., led by Donald Gililland, obtained the seven-year loan from IberiaBank.

The Popeyes Chicken & Biscuits at 200 E. Kiehl Ave. in Sherwood and at 11501 W. Markham St. in west Little Rock previously were tied to an August 2012 mortgage of $2.35 million held by the bank.

Sweet P purchased the half-acre Sherwood location in April 1996 from Derol and Jessie May for $150,000 ($7.14 per SF).



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