Parham Pointe Apartments Attracts $15.1 Million Sale (Real Deals)


Parham Pointe Apartments Attracts $15.1 Million Sale (Real Deals)

A 184-unit apartment project in Little Rock tipped the scales at $15.12 million.

Parham Pointe 2019 LLC, an affiliate of Provident Investments of Birmingham, Alabama, acquired its namesake complex at 1500 Parham Pointe Drive.

The seller is LFC Properties LLC, led by Larry Williford.

The deal is backed with a 12-year loan of $12.2 million from Arbor Commercial Funding I LLC of Uniondale, New York.

The 13.76-acre development previously was linked with an October 2013 mortgage of $11.1 million held by CBRE HMF Inc. of Boston.

Harley Cox assembled the site in two buys totaling $261,580 in March 1984. The sellers were John Toney Sr. and his wife, Mary, $232,000; and Barbara Caldwell, $29,580.

Trailer Transaction

A 6-acre trailer development in north Pulaski County weighed in at $2.01 million.

NWT 7901 LLC, an affiliate of Nationwide Trailers of Houston, Texas, bought the development at 7216 T.P. White Drive.

The seller is Rhinohawk LLC, led by Randy and Donita Rinearson and Courtney Hawkins.

The deal is financed with a 10-year loan of $1.8 million from Frost Bank of San Antonio.

The project previously was tied to a July 2018 mortgage of $1.5 million held by First Community Bank of Batesville.

Rhinohawk acquired the property for $550,000 in December 2015 from the Lloyd A. & Marsha G. Friedman Living Trust.

Triangle Acquisition

An 8,617-SF office building in west Little Rock rang up a $1.4 million sale.

Triangle Insurance Co. of Enid, Oklahoma, purchased the former Bear State Bank location at 5315 Highland Drive from Arvest Bank of Fayetteville.

First National Bank of Hot Springs acquired the 3.64-acre location for $874,000 in May 2007 from P&C Proper-ties LLC, led by James Penney III.

Arvest entered the ownership picture after its 2018 purchase of Bear State, which bought First National in 2014.

Crystal Center

A 11,552-SF retail project in North Little Rock drew a $950,000 transaction.

Bui Property of Little Rock LLC, led by Tan Bui and Hanh Nguyen, acquired the Crystal Center at 13501-13541 Crystal Hill Road. The seller is Regal Properties LLC, led by Muhammad Almahayni.

The deal is funded with a five-year loan of $560,000 from First Security Bank of Searcy.

The 1.27-acre site was purchased for $485,000 in August 2013 from Wal-Mart Real Estate Business Trust of Bentonville.

Downtown Office

A 2,436-SF office building in downtown Little Rock sold for $196,300.

Queenbeejelly Modern Fabrics LLC, led by Tamarha Walker, bought the 2225 Main St. project. The seller is Marquette GIS Inc., led by Damian Coleman.

The deal is backed with a five-year loan of $176,300 from Southern Bancorp Capital Partners of Arkadelphia.

The 0.18-acre development previously was linked with an October 2013 mortgage of $195,000 held by Little Rock’s Arkansas Capital Corp. The property was acquired for $210,000 in October 2013 from Alarm Systems of Arkansas LLC, led by Robert Boerner.

Hallen Court

A 5,257-SF home in the Hallen Court neighborhood of west Little Rock’s Chenal Valley development changed hands in a $950,000 deal.

MF Trust, led by Mauricio and Patricia Moreno, purchased the house from Jeff Fuller Homes LLC. The deal is financed with a 30-year loan of $950,000 from Arvest Bank.

The residence previously was tied to a February 2018 mortgage of $577,600 held by Centennial Bank of Conway.

The location was bought for $192,000 20 months ago from Michael and Shannon King.

Bretagne Circle

A 7,279-SF home in the Bretagne Circle neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $880,000 transaction.

Bilal Sadiq and Samer Usmani acquired the house from John and Sue Graves. The deal is funded with a 30-year loan of $836,000 from Bank of America in Charlotte, North Carolina.

The residence previously was linked with a May 2009 mortgage of $417,000 held by BancorpSouth Bank of Tupelo, Mississippi.

The Graves family purchased the property for $1.2 million in December 2002 from Sam and Rosalinda Winstead.

Forest Heights Place

A 2,929-SF home in Little Rock’s Forest Heights Place neighborhood rang up a $730,000 sale.

Paul and Patricia Pfeifer bought the house from Neil and Sharyn Morton.

The deal is backed with a 30-year loan of $484,000 from Simmons Bank of Pine Bluff. The Mortons acquired the residence for $632,500 in August 2017 from Martin and Amber Bynum.

Ensbury Place

A 3,875-SF home in the Ensbury Place neighborhood of west Little Rock’s Chenal Valley development drew a $634,900 transaction.

The Larry D. & Tara R. Stebbins Living Trust purchased the house from Dillon Homes & Real Estate Inc., led by Janet Dillon. The deal is financed with a 30-year loan of $600,000 from the Atlanta Postal Credit Union.

The site was bought for $104,000 in July 2018 from Richard Harp Homes Inc.

Robinwood House

A 4,027-SF home in Little Rock’s Robinwood neighborhood sold for $575,000.

Rex and Marge Luttrell acquired the house from Molly Satterfield. The deal is funded with a one-year loan of $580,500 from Riverside Bank of Sparkman.

The residence previously was tied to a June 2013 mortgage of $200,000 held by IberiaBank of Lafayette, Louisiana.

The property was purchased for $210,000 in August 1993 from Eileen Joyce.

Riverbend Home

A 2,974-SF home in Little Rock’s Riverbend neighborhood changed hands in a $527,500 deal.

John and Carolyn Witherspoon bought the house from the Sterling R. or Adrienne S. Cockrill Revocable Living Trust.

The Cockrills acquired the property for $400,000 in April 2000 from the Ruby Collier Thomas Revocable Trust.