Little Rock PetSmart Attracts $4.5M Deal (Real Deals)

by George Waldon  on Monday, Jan. 27, 2014 12:00 am  

The redeveloped 11-story Riviera Apartments previously was used to help secure a $15 million mortgage held by Centennial Bank.

The 3.4-acre apartment project was acquired in April 2007 for $6.6 million from Heartland Properties Corp., led by Larry McGraw.

Commercial Land

A 0.74-acre commercial parcel in west Little Rock drew a $425,000 transaction.

Crain Investments Ltd., led by Larry Crain Sr., and Kelley Commercial Realty LLC, led by Hank Kelley, purchased the property near the southwest corner of Shackleford and Hermitage roads.

The seller is K.D.V. Inc., led by Kantilal Patel.

The land previously was used to help secure a September 2003 mortgage of $2.8 million from First National Bank of Hot Springs.

The property was bought more than 10 years ago for $400,000 from Gene Ludwig.

Chenal Foreclosure

A 6,600-SF home in the Chenal Circle neighborhood of west Little Rock rang up an $808,350 foreclosure sale.

Bank of New York Mellon, as trustee for an investment portfolio of mortgages, recovered the property from Aaron and Julie Young.

The residence was linked with October 2004 mortgages of $1 million that was held in the mortgage portfolio and $125,000 and $60,000 held by One Bank & Trust of Little Rock.



Please read our comments policy before commenting.