$6M Transaction Rolls Into LR Infiniti Dealer (Real Deals)

by George Waldon  on Monday, May. 5, 2014 12:00 am  

Infiniti of Little Rock at 15 Col. Glenn Plaza Drive. | (Photo by Jason Burt)

A 3,894-SF home in west Little Rock’s Carmel neighborhood sold for $530,000.

Josephine Ambruzs and Steven Roberts acquired the house from the Robert Mason Lewis & Sherard T. Lewis Amended & Restated Living Trust.

The deal is financed with a 30-year loan of $503,500 from Regions Bank of Birmingham, Ala. The residence previously was linked with a June 2013 mortgage of $160,000 held by Summit Bank of Arkadelphia.

The Lewis family bought the property for $534,000 in January 2005 from the Anne M. Martin Revocable Trust.

Anthony Financing

A private school in Little Rock landed a $5 million funding agreement.

Anthony School Inc. obtained the 10-year loan from First Federal Bank of Harrison.

The property encompasses about 11 acres west of Watt Street between Ohio and Illinois streets that was once home to a church and more than a dozen homes. The land was assembled in 23 transactions totaling $3.8 million.

  • 2005: New Life Ministries International Inc., led by Joe Stricklin, $565,000 in June; Jonathan Hermani, $142,000 in August; Spann Family Properties LLC, led by Billy Spann Jr., $115,000, and Sands and Janet Jones, two $136,000 sales, and Mary Ross, $136,000, all in September; Harvey and Page Sheppard, $112,000, Gay and Paul Montgomery, $113,000, and Ronald and Keena Vellance, $166,000, all in October; Ray and Dorothy Davis, $174,300, Lizabeth Lookadoo, $162,700, all in November; and Teresa Baker, $149,000 in December.
  • 2006: Jacqueline Koehler, $100,000 in February; Virginia Atkinson, $121,000 in March; Frances Greenwood, $158,000, and Taylor and Kelly Holbert, $217,000, in June; Christy King, $140,000 in July; and Jill and James Doyle, $162,000 in September.
  • 2007: Ray Jon McCollough, $199,000 in February; Jeremy and Jenny Teeter, $150,000, and Paul and Rebecca Owen, $176,000, all in May; and Helen Wright, $154,000 in June.
  • 2008: Hargett Family LLC, $138,000 in May.

Part of the property previously was tied to a July 2008 mortgage of $5.5 million held by Regions Bank.

D1 Funding

An 18,000-SF sports training facility in west Little Rock is backed with a $2.82 million financial package.

WB Sports of Little Rock LLC, led by William Bartholomew, received the five-year loan from First Bank of Nashville, Tenn.

The 4.2-acre D1 development at 10 Viewpoint Cove previously was linked with a February 2008 mortgage of $3.38 million held by Tennessee Commerce Bank of Franklin, Tenn.

The location was purchased for $697,000 in July 2007 from Linda and Gene Pfeifer and Jim Hathaway Jr. and his wife, Gay.



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