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 deal is financed with a $417,000 loan from Peoples Bank of Sheridan.

The residence previously was linked with an October 2004 mortgage of $100,000 held by Bank of America in Charlotte, N.C.

The property was acquired for $390,000 in September 1998 from Bernard and Gracie Stokes.

Pediatrics Funding

Two Pediatrics Plus properties in west Little Rock are helping secure a $3.5 million funding agreement.

Kids Play Properties LLC, led by Todd Denton, Bentley Blackmon and David Tapp, obtained the seven-year loan from Centennial Bank.

The 1.65-acre piece of the 1900 Aldersgate Road project also secures an August 2012 mortgage of $149,000 held by Delta Trust & Bank of Little Rock.

The land was bought for $230,000 15 months ago from Nabholz Inc., led by Bill Hannah.

The 3,786-SF A World of Difference Therapy project at 32 Rahling Road also secures a February 2012 mortgage of $455,760 held by Bank of America.

The half-acre development was purchased for $613,000 in September 2008 from SGCMHG LLC, led by Mary Orellano and Susan Carver.

Retail Refinance

The owner of a 28,785-SF retail project in Jacksonville landed a $2.7 million financial package.



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