Eight Wendy's Locations Sales Surpass $9.5 Million Mark (Real Deals)

by George Waldon  on Monday, Oct. 7, 2013 12:00 am  

Construction of a new Little Rock police department substation on 12th Street is underway. (Photo by RPPY Architects Artist Rendering)

Osage Falls Sale

A 4,349-SF home Maumelle’s Osage Falls neighborhood drew a $500,000 transaction.

Wade Anderson purchased the house from Vance Strange III. The deal is backed with a 30-year loan of $417,000 from Bank of America.

The residence previously was tied to an October 2010 mortgage of $366,932 and an October 2012 mortgage of $50,000 held by Centennial Bank of Conway.

The property was bought for $595,000 in April 2008 from Ken and Karen Hamilton.

Retirement Refinance

The owner of an 80-bed retirement center in west Little Rock picked up a $6.6 million financial package.

Emerichenal LLC, an affiliate of Emeritus Corp. of Seattle, received the seven-year loan from KeyBank Real Estate Capital Markets Inc. of Overland Park, Kan.

The 5.5-acre Chenal Heights Retirement & Assisted Living development at 1 Chenal Heights Drive previously was financed with a November 2010 mortgage of $28 million.

The lender in that deal was KeyBank of Seattle.

Emerichenal acquired the project for $11.2 million nearly three years ago from Chenal Heights Retirement LLC of Van Buren, led by James Hightower and Floyd Sagely Sr.

Lofts Mortgage

Development of apartments in downtown Little Rock is financed with a $3.18 million construction mortgage.

Main Street Lofts South LLC, led by Wooten Epes, obtained the 16-month loan from Riverside Bank of Sparkman (Dallas County).

The 514-524 Main St. buildings and the 0.48-acre site were purchased in July 2012 as part of a $1.5 million deal with Lafayette Plaza LLC, led by Stephen Marks Sr.



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