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.

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Did the Fed make the right call on interest rates?