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)

PV Residence

A 5,734-SF home in west Little Rock’s Pleasant Valley neighborhood rang up a $600,000 transaction.

Thomas L. Jones purchased the house from the Hill Revocable Trust 1, led by Cheryl Talkington.

The deal is funded with a 30-year loan of $600,000 from Morgan Stanley Private Bank of Mount Laurel, N.J.

The residence previously was linked with an October 2008 mortgage of $200,000 held by Regions Bank of Birmingham, Alabama, and a February 2009 mortgage of $398,700 held by Centennial Bank of Little Rock.

The property was acquired for $535,000 in August 2001 from Leo and Joan Roepke.

Cliffewood Abode

A 3,108-SF home in the Cliffewood neighborhood of Little Rock sold for $585,000. David and Barbara Pryor bought the house from Lillian and Michael Ward.

The residence previously was tied to a March 2009 mortgage of $248,798 and a July 2010 mortgage of $100,000 held by Bank of America in Charlotte, North Carolina.

The property was purchased for $199,000 in April 2003 from Shirley E. Jones.

Rowan Park Loan

The owner of a 72-unit apartment project in west Little Rock landed a $6.25 million funding agreement.

Rowan Park at Kanis LLC, led by Jacob Chi, obtained the 10-year loan from Malvern National Bank.

The 6.7-acre development at 1000 Kirby Road previously was linked with a November 2010 mortgage of $3.87 million held by IberiaBank.

The location was acquired for $453,000 in August 2010 from Roy and Jennifer Stephens.



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