Agriculture Land Produces $2.6M Sale (Real Deals)

by George Waldon  on Monday, Jan. 6, 2014 12:00 am  

The Wilseys purchased the house for $239,000 in October 2002 from Max and Janet Sears.

Funding on Tracks

A 79-mile short line railroad between Little Rock and Danville was used to help secure a $2.1 billion funding agreement.

The Little Rock & Western Railway Ltd. of Perry (Perry County) property is linked with the four-year loan from a consortium of lenders led by Bank of America.

Genesee & Wyoming Inc. of Darien, Conn., has owned LRWN since acquiring its parent company, Rail Management Corp. of Panama City Beach, Fla., for $244.7 million in June 2005.

G&W owns and operates short line and regional freight railroads covering nearly 10,000 miles of track in five countries, with more than 800 customers.

Dealer Financing

A west Little Rock auto dealership is backed with a $75 million financial package. Premier NSN LLC and Asbury Automotive Arkansas LLC, both of Duluth, Ga., obtained the 10-year loan from Bank of America of Charlotte, N.C.

The 11.7-acre North Point Nissan location at 1 Col. Glenn Plaza was assembled as part of three deals totaling $4.9 million with Colonel Glenn Development Co., led by Robert Vogel and Gary Lay: $1.17 million in October 2000, $1.13 million in September 2002 and $2.61 million in October 2003.



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