Maumelle Townhomes Ring Up $4.4M Sale (Real Deals)


Maumelle Townhomes Ring Up $4.4M Sale (Real Deals)
Windsor Park Townhomes in Maumelle.

A 72-unit townhome project in Maumelle tipped the scales at $4.4 million.

AHBI Windsor Park LLC, led by James Kincannon, purchased its namesake property at 2 Windsor Drive. The seller is Windsor Park Maumelle LLC, led by Hal Crafton.

The deal is financed with a 10-year loan of $3.3 million from CBRE Capital Markets Inc. of Houston, Texas.

The 7.4-acre development previously was tied to an April 2007 mortgage of $3 million originated by Regions Bank of Birmingham, Alabama.

The location was acquired for $300,000 in January 1999 from Capitol Development of Arkansas Inc., led by Michael Todd.

Apartment Land
The site of a future apartment project near the Arkansas River in North Little Rock weighed in at $1.75 million.

Arkopolis Properties LLC, led by Blake Jackson, bought 39.5 acres along River Road east of Paul Duke Drive. The seller is Pine Bluff Sand & Gravel Co., led by Brian McGeorge.

The deal is funded with a one-year loan of $1.7 million from First Security Bank of Searcy.

The property was purchased for $170,000 in January 1974 from the Ben M. Hogan Co.

Automotive Transaction
A used car dealership in Sherwood changed hands in a $1.47 million transaction.

I-40 RV Exchange Holdings LLC, led by Jim Pender, acquired the Evans Motors project at 6701 Warden Road.

The seller is Evans Properties, led by Paul, Darrell and Ralph Evans. The deal is backed with a five-year loan of $1.1 million from Arvest Bank of Fayetteville.

The 4.88-acre development previously was linked with a February 2006 mortgage of $397,500 and an October 2004 mortgage of $660,000 held by Simmons Bank of Pine Bluff.

The property was assembled in three deals with Southern Glass & Mirror Co., led by Charles King, $292,000 in May 2001; PR Properties LLC, led by Paul Minton, $150,000 in January 2002; and Kiehl Holiday Properties Inc., led by Byron McKimmey, $398,000 in March 2006.

Warehouse Sale
A 21,630-SF warehouse in North Little Rock sold for $800,000.

CLD Holdings LLC, led by Kevin Copeland, Larry Young and David Taylor, purchased the Discount Auto Glass project at 4119 Richards Road. The seller is Yes Dear LLC, led by Dale Dues and John Smotrilla.

The deal is financed with a five-year loan of $808,128 from Arvest Bank. The 1.59-acre development previously was tied to a January 2005 mortgage of $960,000 held by North Little Rock’s National Bank of Arkansas.

Yes Dear acquired the property for $960,000 more than 12 years ago from Jacksonville Double R LLC, led by Bradley Blakeway and James W. Rodgers.

Commercial Combo
A 10,302-SF convenience store-retail combo in southwest Little Rock is under new ownership after a $750,000 transaction.

Mustafa Al Maqaleh bought the 13420 Otter Creek Parkway project from E-Z Mart Stores Inc. of Texarkana, Texas.

E-Z Mart Stores purchased the 1.15-acre development for $713,000 in April 2013 from Greatstone Equities Inc. of Dallas.

Multifamily Buy
A 24-unit apartment project in Little Rock rang up a $718,000 sale.

Cozywood Apartments LLC of Toquerville, Utah, acquired the 2301 Scott St. project from Scott Street Apartments LLC, led by Jason Bolden.

The deal is funded with a $592,000 loan from Central Bank of Little Rock.

The 0.99-acre development previously was linked with a December 2012 mortgage of $480,000 held by the bank.

The property was bought for $425,000 more than five years ago from Scott Street Townhouses LLC, led by Ralph Cotham and Mark Reynolds.

Chenal Manor
A 9,326-SF home in west Little Rock’s Chenal Downs neighborhood tipped the scales at $1.75 million.

Rowan Development LLC, led by Jasen Chi, purchased the house from Steve Landers Jr. and his wife, Karmen.

The deal is backed with an 18-month loan of $1.8 million from Southern Bancorp Bank of Arkadelphia.

The residence previously was tied to a December 2011 mortgage of $1.5 million held by Simmons Bank.

The location was acquired for $183,000 in June 2005 from Rick Ferguson Inc.

Greathouse Home
A 3,244-SF home in the Greathouse Bend Estates neighborhood in Pulaski County drew an $835,000 transaction.

Andrew Rogers acquired the house from David and Brandy Hubener. The deal is financed with a 30-year loan of $424,100 from One Bank & Trust of Little Rock.

The residence previously was linked with an October 2006 mortgage of $103,000 held by One Bank and a June 2015 mortgage of $377,035 held by Carroll Mortgage Group Inc. of Little Rock.

The Hubeners purchased the location for $160,000 in June 2005 from Kenneth and Patricia Hastings.

Club House I
A 3,500-SF home near the Country Club of Little Rock changed hands in an $825,000 deal.

Jennifer Dalton bought the house from Davis Fitzhugh. The deal is funded with a one-year loan of $829,528 from First Security Bank.

The property was acquired for $88,000 in September 1988 from Vann Smith.

Prospect Abode
A 3,356-SF home in Little Rock’s Prospect Terrace neighborhood sold for $685,000.

John and Kristin Clark purchased the house from Andrew Rogers. The deal is backed with a 30-year loan of $511,000 from Ark-La-Tex Financial Services LLC of Plano, Texas.

The residence previously was tied to a July 2012 mortgage of $407,000 held by United Wholesale Mortgage of Birmingham, Michigan.

The property was bought for $610,000 in March 2007 from The Furrer Living Trust, led by Rachel Furrer.

PV Residence
A 3,904-SF home in west Little Rock’s Pleasant Valley neighborhood is under new ownership after a $530,000 transaction.

Brock Whisenhunt Jr. acquired the house from the Lorraine Funk Hannah Revocable Trust. The deal is financed with a 15-year loan of $424,000 from Bank of Little Rock Mortgage Corp.

The Hannah family purchased the site for $11,000 in May 1971 from Pleasant Valley Inc.

Club House II
A 2,169-SF home near the Country Club of Little Rock rang up a $500,000 sale. Nathan and Lauren Steel bought the house from John and Kristin Clark.

The deal is funded with a 30-year loan of $400,000 from Eagle Bank & Trust of Little Rock.

The residence previously was linked with a July 2011 mortgage of $324,400 held by Moore Mortgage Inc. of Little Rock.

The Clarks acquired the property for $406,000 nearly six years ago from Eric and Misty Fox.

Multimillion-Dollar Construction

eStem School $19,800,030
400 Shall Ave., Little Rock
Eco Construction Inc., Little Rock

50 Apartments $3,200,000
Ascent at Aldersgate
1310 Aldersgate Road, Little Rock
Consolidated Construction Inc., Little Rock

Creek Plaza $2,030,000
11312 Bass Pro Parkway, Little Rock
VCC LLC, Little Rock