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 funded with a 15-year loan of $417,000 from Bank of Little Rock Mortgage Corp.

The residence previously was tied to a December 2012 mortgage of $380,000 held by BancorpSouth Bank.

Duda purchased the property to redevelop in a $146,000 deal with Debra Branch 14 months ago.

Parkland Financing

A mix of homes and undeveloped home sites in west Little Rock is backing a $2.47 million funding agreement.

Parkland Heights Ranch Properties LLC, led by Shabhir Dharamsey, obtained the two-year loan from Simmons First National Bank.

The 12 properties along 5-29 Farrah Lane previously helped secure a July 2006 mortgage of $5 million, a June 2011 mortgage of $398,300, December 2011 and March 2012 mortgages of $408,000 and a June 2013 mortgage of $371,000, all held by Little Rock’s Bank of the Ozarks.

The land was bought in April 2006 as part of a $2.4 million deal with Ranch Properties Inc., led by Ed Willis.



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