Posted 1/13/2003 12:00 am
Updated 11 months ago
Instituion — mtg./dep.* — mtg. value (millions) — mortgage volume
Simmons First National? — 125.23% — $82.34 — 300
BancorpSouth Bank? — 115.91% — $103.23 — 656
Bank of Little Rock? — 106.93% — $84.24 — 674
One Bank & Trust — 66.53% — $109.77 — 598
Arvest Bank? — 59.78% — $93.80 — 563
Bank of the Ozarks — 51.04% — $157.79 — 958
Pulaski Bank? — 50.97% — $146.71 — 1,282
National Bank of Arkansas? — 37.67% — $36.06 — 287
Twin City Bank — 36.79% — $51.34 — 252
Delta Trust & Bank — 34.10% — $17.61 — 69
Metropolitan National Bank — 31.84% — $174.60 — 838
Community Bank — 31.08% — $18.58 — 99
First Arkansas Bank? — 29.30% — $46.08 — 456
Regions Bank? — 25.55% — $274.84 — 1,487
Eagle Bank & Trust — 21.34% — $13.67 — 94
Superior Federal Bank — 15.59% — $38.33 — 430
Bank of America? — 12.09% — $143.44 — 1,371
Capital Bank — 11.36% — $7.49 — 24
U.S. Bank? — 11.34% — $57.59 — 675
*Rankings are determined by the ratio of total mortgages filed by a bank and its total deposits in Pulaski County as of June 30, 2002. That number is reflected as a percentage. ?Activity of mortgage subsidiaries is included. Lender must have deposits of at least $50 million in Pulaski County as of June 30, 2002.
A 61,000-SF office building in west Little Rock changed hands in a $5.8 million deal.
11001 Executive Center Drive LLC, led by Dickson Flake, bought the former headquarters of Fairfield Communities Inc. at 11001 Executive Center Drive.
The seller is Fairfield Resorts Inc. of Orlando, Fla. The deal is backed with a two-year loan of $5.2 million held by Regions Bank of Birmingham, Ala.
The nine-acre development previously was tied to a December 1998 mortgage of $5.2 million held by North Little Rock's Mercantile Bank of Arkansas.
Fairfield assembled the location in two buys totaling $972,000 ($2.48 per SF).
The company purchased seven acres in February 1996 for $755,000 and an adjoining two acres in August 1997 for $217,000.
The seller in both deals was Westrock Partnership, led by Gus Blass III of Capital Properties Ltd., Chester D. Phillips of Phillips Development Corp. and Robert Vogel of Vogel Enterprises.
The property was part of an 89-acre tract that Westrock acquired in June 1995 from the Federal Deposit Insurance Corp. for $2.63 million (68 cents per SF).
A 9.8-acre office development is in motion after a $2.15 million land deal (about $5 per SF).
Delta Dental Plan of Arkansas purchased the site near the northwest corner of Wildwood Avenue and Country Club Road in Sherwood from Baptist Health of Little Rock.
Baptist Health acquired the land as part of a 11.6-acre deal in July 1995 for $1.92 million. The sellers were Metropolitan Trust Co., led by Terry Paff, $1.28 million; and Lilac LLC, led by Andy Collins, $641,000.
Metropolitan Trust Co., founded by Justin Matthews Sr., had owned the property since February 1926. Metropolitan bought the land from C.E. Moore for $8,800 as part of a 160-acre deal.
More than 160 acres in Maumelle rang up a $589,000 deal.
Country Club Development LLC, led by Ray Parker, John Wright and Jack Wilson, acquired the land on the north and west side of the Maumelle Diamond Center from the city of Maumelle.
The city of Maumelle bought the land in December 1999 as part of a nearly $1.67 million deal encompassing 661 acres. The seller was DeVore Farms Inc., led by James M. DeVore. W.J. and N.J. DeVore purchased the land for $5,000 in March 1946 from the U.S. Government.
A near one-acre commercial site in southwest Little Rock rang up a $388,000 deal.
Main Street Realty LLC, led by William R. Shelton, bought the land between Baseline Road and Mabelvale Plaza Boulevard. The seller is Conservative Development Co., led by Rick Ashley.
The deal is backed with a $900,000 loan from Simmons First Bank of Searcy.
Conservative Development purchased 44.4 acres in September 1992 from Agnes Martin and Marilyn Garner for $1.62 million and 41 acres in March 1992 from Billy Jane McGourik Bussa for $1.03 million.
Conservative Development sold 23.9 acres of the Bussa land in March 1992 to Wal-Mart Stores Inc. for $2.07 million.
A 7,650-SF mansion in west Little Rock's Chenal Valley neighborhood is under new ownership after a $1.6 million deal.
Joseph and Brenda Blankenship bought the home from Joe White Jr. and his wife, Kimberly.
The residence previously was linked with an August 2001 mortgage of $1.2 million held by Arvest Bank of Little Rock.
The Whites purchased the home site for $275,000 in May 2001 from Jock and Jo Cobb. The Cobbs acquired it for $135,000 in April 1991 from Charles and Anita Middleton.
On the back side of this transaction, the Whites received a 6,000-SF home in the Valley Falls Estates neighborhood and three residential lots in west Little Rock valued at a combined $1.18 million.
The valuations were: the house, $610,000; two Valley Falls Estates lots, $370,000; and a Hickory Creek lot, $200,000.
Blankenship purchased the house site in Valley Falls along with one of the undeveloped lots in April 2002 for $370,000. The seller was VFE LLC, led by Rick Ferguson.
Blankenship acquired the other Valley Falls lot for $180,000 in March 2002 from VFE LLC. Blankenship purchased the Hickory Creek lot for $200,000 in April 2002 from Richard Toll.
The 78-room Springhill Suites project in west Little Rock was used to help secure a $15 million funding agreement.
WB Pineapple RP LLC of San Clemente, Calif., obtained the loan from GMAC Commercial Mortgage Corp. of Horsham, Pa.
The near 1.8-acre development at 306 Markham Center Drive previously was tied to a January 2001 mortgage of $3.5 million held by Whitney National Bank of New Orleans.
The limited liability company acquired the Springhill Suites project for $3.4 million last year.
The seller/developer was Brothers O'Krepki Accommodations Realty of Little Rock Springhill Suites Ltd., led by Richard O'Krepki.
The owner of a 10,000-SF office building in west Little Rock picked up a $720,000 financial package.
Innwood Partnership, led by Willis Smith, Lee Stephens, John Sawatski and Andy Schaus, received the five-year loan from BancorpSouth Bank of Tupelo, Miss.
The 1.1-acre development at 5 Innwood Circle previously was linked with a March 1999 mortgage of $660,000 held by Pinnacle Bank of Little Rock.
The partnership purchased the land through Smith Stephens & Associates. The October 1993 purchase from the Otis W. Howe Trust closed at $115,000 ($2.40 per SF).
The owners of a 0.71-acre development in west Little Rock recently landed a $700,000 funding agreement.
FC 2.5 Inc., led by Alan Fureigh, secured the 10-year loan from Arvest Bank.
The 9,000-SF building at 10901 Financial Centre Parkway, dubbed Financial Centre 2.5, houses a 4,200-SF Kidco Child Care center and a 1,700-SF Sturbridge Cleaners outlet.
The project previously was tied to a June 1999 mortgage of $700,000 held by U.S. Bank of Minneapolis.
The corporation acquired the site for $173,000 ($5.58 per SF) in January 1991 from Financial Centre Corp., led by Ed Willis.
A Sherwood cleaners development is financed with a $667,935 mortgage.
Arkansas Cleaners Inc., led by Matthew Enderlin, obtained the one-year loan from Regions Bank.
The Capri Cleaners at 3980 E. Kiehl Ave. previously was linked with an August 2000 mortgage of $700,000 held by Twin City Bank of North Little Rock.
The corporation bought the half-acre project for $325,000 nearly 2.5 years ago from Capri Cleaners Inc., led by Mark Garner.
A west Little Rock office project is backed with a $600,000 financial package.
Lubavitch of Arkansas Inc., led by Pinchus Ciment, received the six-month loan from Community Bank of Cabot.
The 7.4-acre site at 11905 Fairview Road previously was tied to an October 2001 mortgage of $295,000 held by Lucas Family Ltd., led by Jay Lucas.
The corporation purchased the land 15 months ago from the limited partnership for $395,000.
A North Little Rock project was used to secure a $552,000 mortgage.
Woodcrest Co., led by James P. Matthews, landed the three-year loan from Allied Bank of Mulberry.
The 1.4-acre property at 4601 E. 43rd St. previously was linked with an April 1999 mortgage of $755,000 held by Community Bank.
The Matthews family acquired the land for an undisclosed sum in October 1963 from Jewell Van Hoozer.