LR Interstate Property, Nursing Home Both Net $5M+ Buys (Real Deals)

by George Waldon  on Monday, Mar. 17, 2014 12:00 am  

Chenal Heights Nursing & Rehabilitation, a 120-bed project  in west Little Rock, is under new ownership after a $5.4 million transaction. (Photo by Jason Burt)

Marc Tankel bought the house from CBM Appraisals Inc., led by Chris Maris.

The deal is funded with a 15-year loan of $821,250 from Bank of America. The residence previously was linked with a November 2011 mortgage of $654,010 from First State Bank of Russellville.

CBM purchased the property for $875,000 more than two years ago from Chris and Jennifer Ligon.

Scenic Heights Abode

A 3,495-SF home in Little Rock’s Scenic Heights neighborhood is under new ownership after a $505,000 sale.

Michael McGoogan acquired the house from Anthony and Suzanne Karklins.

The residence previously was tied to a September 2011 mortgage of $396,000 from First Security Bank of Searcy.

The Karklins family bought the property for $395,000 in December 2010 from Metropolitan National Bank of Little Rock.

Renaissance Financing

An 8.66-acre apartment development in west Little Rock is in motion with a $4.29 million funding agreement.

Renaissance Point Apartments LLC, led by Shabbir Dharamsey, obtained the five-year loan from Simmons First National Bank of Pine Bluff.

The property previously helped se-cure a July 2006 mortgage of $5 million held by Little Rock’s Bank of the Ozarks.

Dharamsey purchased the land in April 2006 through Parkland Heights Ranch Properties LLC as part of a $2.42 million deal with Ranch Properties Inc. led by Ed Willis.



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