Valley Falls Mansion Has New Owner

by Arkansas Business Staff  on Monday, Dec. 23, 2013 12:00 am  

This home in the Valley Falls Estate development is on the market –¬†again. (Photo by Jason Burt)

Remember the west Little Rock mansion that entered foreclosure 15 months after it was bought for a purported $5.1 million and then put on the market for a shade under $4 million?

The nearly 15,000-SF Valley Falls Estates home, built in 2007 and sold in January 2012 by Rick Ferguson, has a new owner.

NCC Financial LLC of Houston, Texas, took possession of the grand residence along with an adjoining 28 acres (acquired for a purported $700,000 when the house sold) to end the foreclosure suit launched in April.

NCC Financial recovered the home and land in the gated neighborhood from La Marche Drive Investment LLC, led by Jeremy Carroll.

On paper, NCC had about $4.9 million tied up in the properties.

On paper, Ferguson had a nearly $2.3 million second mortgage. This debt was held by his LRG LLC (aka LRG Investments LLC).

We understand the seven-bedroom, 10-bath house is now listed for just under $3.3 million.



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