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.

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Do you approve of the president taking executive action on immigration?