Icon (Close Menu)


Big Country Chateau Checks In at $6.4M (Real Deals)Lock Icon

4 min read

A 151-unit apartment complex in Little Rock weighed in at $6.41 million.

Apex Big Chateau AR LLC of Brooklyn, New York, bought the Big Country Chateau project at 6200 Col. Glenn Road.

The seller is Big Country Chateau LLC, led by Carl Schultz.

The deal is backed with a 20-year loan of $5.2 million from CBRE Capital Markets Inc. of Houston, Texas.

The 4.88-acre development previously was linked with a June 2013 mortgage of $4.3 million held by Wells Fargo Bank of Sioux Falls, South Dakota.

Big Country purchased the property for $1.5 million in December 2009 from RPM Realty Fund, led by Pete Hornibrook.

More Multifamily

A 109-unit apartment complex in southwest Little Rock tipped the scales at $4.3 million.

Spanish Viento Apartments LLC, an affiliate of Cope Equities of Allen, Texas, acquired its namesake project at 5701 Dreher Lane. The seller is BBR Oil LLC, led by Iowa City investor David Barker.

The deal is financed with a $3.5 million loan from Arbor Commercial Funding I LLC of Uniondale, New York.

The 4.48-acre development previously helped secure a $21 million funding agreement with West Bank of West Des Moines, Iowa.

The property was bought in June 2018 as part of a $20.3 million deal with Windamere Redevelopment LLC, an affiliate of Cross Equities of Addison, Texas.

Cedar Creek

An 82,474-SF office-warehouse in downtown North Little Rock sold for $2.8 million.

CC Little Rock Funding Co. LLC, an affiliate of Global Securitization Services of Melville, New York, purchased the Cedar Creek project at 400 E. 13th St.

The seller is NL Ventures X East 13th St LLC, an affiliate of AIC Ventures of Austin, Texas.

The property is now helping secure a $130 million funding agreement with New York’s Goldman Sachs Bank USA.

The 10.02-acre development was acquired for $2.2 million in June 2016 from Cedar Creek LLC, an affiliate of Cedar Creek Wholesale of Broken Bow, Oklahoma.

Five Aces Buy

A 13,386-SF office-warehouse in North Little Rock drew a $750,000 transaction.

Five Aces LLC, led by Anthony Brooks, bought the 7810 Industry Drive project. The seller is House Properties Inc., led by Byron House.

The deal is funded with a five-year loan of $328,632 from Simmons Bank of Pine Bluff.

The 1.04-acre site was purchased in August 1996 as part of a $224,000 deal.

The sellers were an investment group comprised of the Herschel Friday estate, William and Peggy Sutton, William and Elizabeth Terry, William and Kay Patton, William and Mary Lou Cravens and Oaklawn Jockey Club Inc., led by Charles Cella.

Orion Property

A 0.72-acre commercial site in midtown Little Rock rang up a $225,000 sale.

Orion Federal Credit Union of Memphis acquired the location at the southeast corner of University Avenue and Evergreen Drive.

The seller is Mangan Properties LLC, led by Charles Stephen Mangan III.

The property previously helped secure a September 2004 mortgage of $900,000 held by Simmons Bank of Pine Bluff.

Mangan Properties bought the land 15 years ago as part of a $181,104 deal with the Little Rock School District.

Chenal Downs

A 6,039-SF home in west Little Rock’s Chenal Downs neighborhood changed hands in a $790,000 deal.

The MBT Trust, led by Marlene Murphy, bought the house from Rick Ferguson.

The property is now securing a $1 million mortgage held by the Gibson & Murphy Family Revocable Trust.

The 5-acre residential spread previously helped secure a May 2009 mortgage of $4.5 million held by Centennial Bank of Conway.

The property was acquired for a reported $2.1 million in May 2009 from Steve and Missy Wortman.

Prospect Terrace

A 2,618-SF home in Little Rock’s Prospect Terrace neighborhood is under new ownership after a $675,000 deal.

Dennis and Mary Holsclaw purchased the house from John and Janis Brizzolara.

The deal is financed with a 30-year loan of $534,400 from Arvest Bank of Fayetteville.

The residence previously was linked with a July 2019 mortgage of $573,000 held by Relyance Bank of Pine Bluff.

The property was bought for $670,000 in May 2007 from Thomas Steele.

Ensbury Place

A 4,300-SF home in the Ensbury Place neighborhood of west Little Rock’s Chenal Valley development sold for $649,900.

Dean Goodson acquired the house from Turner & Sons Construction Co., led by John Turner.

The deal is funded with a 30-year loan of $484,350 from Highlands Residential Mortgage Ltd. of Dallas.

The residence previously was tied to a December 2017 mortgage of $504,000 held by BancorpSouth Bank of Tupelo, Mississippi.

The location was purchased for $87,000 in December 2016 from Deltic Timber Corp. of El Dorado.

Country Club House

A 2,022-SF home near the Country Club of Little Rock drew a $570,000 transaction.

Nick and Holly Willis bought the residence from the Melissa Christine Bowen Revocable Trust.

The property was acquired in 1989 from Warren and Harriet Stephens for $160,000.

Forest Park

A 3,149-SF home in Little Rock’s Forest Park neighborhood rang up a $528,250 sale. Christopher Wright and Lisa Perk purchased the house from Elcott Co. Ltd., led by Zachary Elcott.

The deal is backed with a 30-year loan of $528,205 from Regions Bank of Birmingham, Alabama.

The residence previously was linked with July 2018 mortgages of $447,221 held by Bridgewell Capital LLC of Orlando, Florida.

Elcott bought the property 14 months ago from Thomas and Nancy Mosley for $407,500.

Send this to a friend