Super 8 Transformation Follows $2.6M Purchase (Real Deals)

by George Waldon  on Monday, Nov. 4, 2013 12:00 am  

Rebranding to a Super 8 accompanied the sale of the former La Quinta Inn at 11701 Interstate 30 in Little Rock.  (Photo by Jason Burt)

The 0.68-acre development at 320 River Market Ave. previously was linked with an August 2007 mortgage of $13.1 million originated by Century Bank of Texarkana, Texas.

The location was bought for $1.2 million in March 2007 from River Market South LLC, led by Jimmy Moses and Rett Tucker.

Multifamily Note

The owner of a 100-unit apartment project in southwest Little Rock landed a $2.3 million financial package.

Auxora Arms 2007 LLC, an affiliate of American Community Developers Inc. of Detroit, received the 40-year loan from Pillar Capital Finance LLC of Bloomfield Hills, Mich.

The 6.1-acre development at 9101 Auxora Road previously was tied to a June 2008 mortgage of $2.3 million held by St. James Capital LLC of Bloomfield Hills, Mich.

The project was purchased for $2.2 million in August 2007 from Auxora Arms Apartments Ltd., led by James Kincannon.



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