NLR Acreage Acquisition Approaches $2.7 Million (Real Deals)

by George Waldon  on Monday, Jun. 30, 2014 12:00 am  

More than 420 acres in North Little Rock near the intersection of Interstates 40 and 440 were sold for $2.69 million. Approximate location shaded on map.

A 5,214-SF home in the Germay Court neighborhood of west Little Rock’s Chenal Valley Development is under new ownership after a $869,000 sale.

Daniel Sherbet and Monica Lo bought the house from Dennis and Adrienne Tishko.

The deal is funded with a 30-year loan of $869,000 from Arvest Bank of Fayetteville.

The residence previously was linked with July 2011 mortgages of $417,000 from Moore Mortgage Inc. of Little Rock and $186,000 from Delta Trust & Bank of Little Rock.

The Tishkos acquired the property for $754,000 three years ago from Donald and Lucinda Phelps.

Concrete Financing

A concrete enterprise in Sherwood is helping secure a $70.4 million funding agreement.

Brundage-Bone Concrete Pumping Inc. of Denver obtained the financial package from a group of lenders led by Wells Fargo Bank of Sioux Falls, S.D.

The 2.85-acre development previously was tied to an October 2011 mortgage of $13.3 million held by Wells Fargo.

The 3,900-SF facility at 8908 Landers Road was purchased for $500,000 in January 2007.

The seller was Zumwalt Family LLC, led by Joan Zumwalt.

 

 

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