$1.7M Transaction Visits Motel 6 Property (Real Deals)

by George Waldon  on Monday, Dec. 2, 2013 12:00 am  

The Eilers acquired the 5.4-acre location for $190,000 in August 2008 from Pinnacle View Farm LLC, led by Rush Harding III.

Bretagne Manor

A 5,485-SF home in the Bretagne Circle neighborhood of west Little Rock’s Chenal Valley development rang up an $875,000 transaction.

Richard and Julie Nix bought the house from Gilbert and Peggy Arnold. The deal is financed with a 15-year loan of $700,000 from Wells Fargo Bank of Sioux Falls, S.D.

The residence previously was linked with an October 2011 mortgage of $563,500 held by Bank of the Ozarks.

The Arnolds purchased the property for $1 million in May 2004 from Dennis and Beverly Whipple.

High-Rise Home

A 2,274-SF condo in downtown Little Rock’s River Market Tower sold for $658,000.

Valerie and Nezih Erkman acquired the 12th-floor unit at 315 Rock St. The seller is River Market Tower LLC, led by Jimmy Moses and Rett Tucker.

The deal is funded with a 30-year loan of $526,400 from Regions Bank of Birmingham, Ala.

The property helped secure a May 2007 mortgage of $47.6 million held by River Market Tower BDF III LLLP of Denver.

The 1.2-acre site on the east side of Rock Street between Third and Fourth streets was bought in October 2005 as part of a $5.08 million deal with the Arkansas Teacher Retirement System.



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