Colonial Park Apartments Hosts $3.3M Transaction (Real Deals)

by George Waldon  on Monday, Nov. 11, 2013 12:00 am  

The deal is backed with a 30-year loan of $412,500 from First Security Bank. The residence previously was tied to an August 2010 mortgage of $240,000 held by Little Rock’s Bank of the Ozarks.

The land was bought in July 1972 as part of a $110,000 deal with Paul and Patricia Morriss.

Riverbend Sale

A 2,318-SF home in Little Rock’s Riverbend neighborhood sold for $510,000.

The Elizabeth R. Brandon Revocable Trust purchased the property from the Janne Giroir Siegel Trust and the Jolie Giroir Mosley Trust.

The residence previously was linked with a January 2006 mortgage of $289,000 held by Centennial Bank.

The property was acquired for $485,000 in January 2006 from the Marilyn McRae Houston Trust.

Carpet Center Mortgage

A 10,000-SF warehouse project in North Little Rock is backing an $11 million funding agreement.

Carpet Center Maumelle LLC, led by Danny Longing, obtained loans of $10.2 million and $800,000 from Centennial Bank of Conway.

The 0.62-acre development at 10600 Maumelle Blvd. also is tied to a November 2005 mortgage of $1.64 million held by Bank of America of Charlotte, N.C.

The property was bought for $575,000 in May 2001 from Horton Inc., led by Eutaw Horton.



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