Alltel Office Building Draws $12 Million Sale (Real Deals)

by George Waldon  on Monday, Jan. 13, 2014 12:00 am  

A 75-unit apartment complex in downtown Little Rock is securing a $2.66 million mortgage.

HMF LLC, led by Hank Kelley, got the five-year loan from Delta Trust & Bank.

The 2.44-acre Fowler Square Apartments development at 503 E. Sixth St. previously was tied to a June 2011 mortgage of $1.6 million and a December 2012 mortgage of $560,000 held by the bank.

HMF purchased the property in March 2011 at a $1.1 million foreclosure sale.

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