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)

Moore’s Investment Co., led by John K. Harris, received the 25-year loan from Live Oak Banking Co. of Wilmington, N.C.

Moore’s Jacksonville Funeral Home at 1504 J.P. Wright Loop Road pre-viously was linked with an October 2004 mortgage of $2.1 million held by First Arkansas Bank & Trust of Jacksonville.

The 1.72-acre property was acquired in December 1985 as part of a $375,000 transaction.

The seller was Terra Firma Associates, led by Westelle Moore, Ann Moore and Boyce Moore; Susan Tettenburn; and Jimmie Lee Strickland.

 

 

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