Bank-Owned Property Draws $3.9M Buyer (Real Deals)

by George Waldon  on Monday, Jun. 23, 2014 12:00 am  

Sedgwick Centre at 400 Hardin Road, captured by Google Street View cameras in August 2011.

The property was bought for $1.6 million in May 2006 from Chuck Hamilton Construction Inc.

Maisons House

A 4,342-SF home in the Maisons neighborhood of west Little Rock’s Chenal Valley development sold for $570,000.

Masil George and Appathurai Balamurugan acquired the house from Scott and Stacy Harter.

The deal is financed with a 30-year loan of $570,000 from Arvest Bank of Fayetteville.

The residence previously was linked with a June 2009 mortgage of $363,700 from Regions Bank of Birmingham, Alabama, and a May 2011 mortgage of $269,000 from Amerisave Mortgage Corp. of Atlanta.

The Harters purchased the location for $72,000 in April 2004 from Deltic Timber Corp. of El Dorado.

Hampton Inn Funding

Construction of a 75-room Hampton Inn & Suites in North Little Rock is backed with a $5.2 million funding agreement.

Vishnu Inc., led by Manoj Patel, obtained the loan from Centennial Bank.

Vishnu bought the former Lone Star Steakhouse & Saloon property at 3629 W. McCain Blvd. for $600,000 in July 2010 from a real estate affiliate of Bank Midwest of Kansas City, Missouri.



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