Boyle Redevelopment Starts With $4.6M Buy (Real Deals)

by George Waldon  on Monday, Jun. 2, 2014 12:00 am  

The Boyle Building at 500 Main St. (Photo by Michael Pirnique)

The seller is GKJ Family Ltd., led by Gerald K. Johnson.

The 0.95-acre site was bought for $43,000 in October 1981 from Burger King Corp. of Miami.

Country Club House I

A 6,000-SF home near the Country Club of Little Rock weighed in at $1.4 million.

The Linda LaFrance Revocable Trust acquired the house from Sheila Mc-

Adams. McAdams purchased the property for $1.7 million in September 2008.

Country Club House II

A 5,128-SF home near the Country Club of Little Rock changed hands in an $850,000 transaction.

Michael and Lillian Ward bought the house from Heartland Bank of Bryant.

The deal is backed with a 30-year loan of $325,000 from IberiaBank Mortgage Co. of Little Rock and a 20-year loan of $180,000 from IberiaBank.

The bank recovered the property from David and Susan Matthews at a $750,000 foreclosure in March 2013.

The bank landed a judgment of $844,452 in March 2013 on a loan that originally totaled $918,000.



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