McCain Place Building Draws $2 Million Sale (Real Deals)

by George Waldon  on Monday, Nov. 25, 2013 12:00 am  

The McCain Place Building at 2504 McCain Blvd. in North Little Rock was added to First Security Bank’s real estate portfolio in a $2 million transaction. (Photo by Jason Burt)

The trust purchased the property 13 months ago as part of a $450,000 deal with First State Bank of Russellville.

Riverview Condo

A 3,235-SF condo in downtown Little Rock rang up a $1.43 million transaction.

The Mounds II, led by Chris Robertson Sr., acquired the 10th-floor unit at The Residences at Building 5.

The seller is Arkansas Riverview Development LLC, led by Brad Canada.

The limited liability company provided a five-year loan of $1.14 million to finance the sale.

Arkansas Riverview Development bought the property for $950,000 in April 2004 and added five stories to it. The seller was the Arkansas Bar Foundation.

Estates Sale

An 8,040-SF home in west Little Rock’s Bella Rosa Estates neighborhood sold for $1.25 million.

Patrick and Dina Ifrah purchased the house from the namesake revocable trusts of Richard and Brandy Harp.

The deal is funded with a 30-year loan of $972,000 from Suntrust Mortgage Inc. of Richmond, Va.

The residence previously was tied to a December 2007 mortgage of $1.3 million held by One Bank & Trust of Little Rock.



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