NLR Hilton Garden Inn Draws $13.1 Million Sale (Real Deals)

by George Waldon  on Monday, Dec. 16, 2013 12:00 am  

Hilton Garden Inn at 4100 Glover Lane in North Little Rock. (Jason Burt)

Kroger Funding

A trio of Kroger projects in Little Rock was used to help secure an $8.32 million financial package.

Doyle Rogers Family Ltd., led by Doyle Rogers Jr., obtained three one-year loans totaling $7.92 million and a two-year loan of $500,000 from Simmons First National Bank of Pine Bluff.

The Krogers at 8800 Geyer Springs Road, 10300 N. Rodney Parham Road and 6420 Col. Glenn Road previously were linked with a September 2008 mortgage of $12 million held by Simmons.

The 9.2-acre Geyer Springs location was assembled as part of two December 1974 deals totaling $431,000.

The seller in both transactions was Broadmoor Builders Inc., led by E.L. Fausett.

The 7.7-acre Rodney Parham property was acquired for $185,000 in July 1970 from the Kroger Co. of Cincinnati.

The 4-acre Col. Glenn Road location was bought in connection with three transactions totaling $143,000.

The sellers were William and Irma Smith, $70,000 in December 1969; William and Lillian Arnold, $43,000 in March 1970; and Neoma Martin, $30,000 in March 1970.

Woodbend Financing

The owner of a 107-unit apartment project in Maumelle landed a $4.87 million funding agreement.

Woodbend II Ltd. of Knoxville, Tenn., secured the 35-year loan from Walker & Dunlop LLC of Bethesda, Md.

 

 

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