Maumelle Hampton Inn Hosts $6.3 Million Sale (Real Deals)

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

New ownership visited the 70-room Hampton Inn at 11920 Maumelle Blvd. (Photo by Jason Burt)

The deal is financed with a 15-year loan of $600,000 from Arvest Bank of Fayetteville.

Hunter Stuart forfeited the property to One Bank in August 2013 to settle alleged loan fraud claims related to a March 2009 mortgage of $360,000 held by the bank.

That loan was orchestrated by Stuart’s father, the late Layton “Scooter” Stuart, CEO of One Bank at the time.

The elder Stuart allegedly used other One Bank funds to redevelop the residential property.

Club House

A 3,788-SF home near the Country Club of Little Rock sold for $650,000.

Rodney Thomason purchased the house from Lee and Kristina Raley. The deal is backed with a 30-year loan of $350,000 from Simmons First National Bank of Pine Bluff.

The residence previously was linked with a June 2012 mortgage of $524,000 held by Little Rock’s IberiaBank Mortgage Co.

The Raleys acquired the property for $600,000 in April 2009 from Aaron and Cynthia Salisbury.

Heights House

A 3,100-SF home in the Heights area of Little Rock changed hands in a $560,000 transaction.

Michael and Mary Bourns bought the house from Duda Properties LLC, led by Ralph Duda II.

 

 

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