New Landlord Makes $17.5M Move in NLR (Real Deals)

by George Waldon  on Monday, Feb. 3, 2014 12:00 am  

A Colorado investment group is the new owner of McCain Park Apartments, a 320-unit complex at 3900 McCain Park Drive in North Little Rock. (Photo by Jason Burt)

John and Roseann Baden bought the house from the Kim Freeman Revocable Trust and the A.C. Freeman Jr. Revocable Trust.

The deal is funded with a 15-year loan of $496,000 from Arvest Bank of Fayetteville.

The residence previously was linked with a February 2009 mortgage of $293,000 originated by Little Rock’s Bank of the Ozarks.

The Freemans acquired the property for $750,000 in January 2003 from Mary Rose Breckenridge.

Chimney Rock Foreclosure

A 5,597-SF home in North Little Rock’s Chimney Rock neighborhood hosted a $540,345 foreclosure sale. HSBC Bank

USA of Fort Mill, S.C., recovered the property as the trustee of a portfolio of mortgage-backed securities

The previous owners were Alana and Casey Clark.

The residence previously was tied to a June 2006 mortgage of $500,000 originated by First Financial Bank of El Dorado and a February 2007 mortgage of $73,519 held by GE Money Bank of Salt Lake City.

The Clarks bought the property for $575,000 more than seven years ago from Thomas and Susan Eanes.

White Oak Mortgage

Construction of a 192-unit apartment project in North Little Rock is in motion thanks to a $7 million funding agreement.

 

 

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