The Arkansas assets of Mountain Pure Water changed hands in a $6 million foreclosure sale.
Clear Water Holdings LLC of Tulsa acquired the 39,010-SF facility at 6921 Interstate 30 in Little Rock.
The purchase of the 17.87-acre development was credited against a March 2014 foreclosure judgment of $16.7 million held by Simmons First National Bank of Pine Bluff.
The judgment was connected with a series of loans made by Little Rock’s Metropolitan National Bank and inherited by Simmons, which bought Metropolitan in a bankruptcy auction.
Simmons provided a three-month funding agreement consisting of loans of $11.3 million and $1.25 million to Clear Water.
Mountain Pure assembled the property in two transactions totaling $760,000. The sellers were Shur-Valu Stamps, an affiliate of Little Rock’s Affiliated Foods, $675,000 in January 2000; and the heirs of Mary Ann Williams, 8 acres for $85,000 in September 2007.
RR Acquisition
Land for future expansion in North Little Rock weighed in at $1.22 million.
Union Pacific Railroad of Omaha, Nebraska, bought more than 122 acres along the southern boundary of its North Little Rock Terminal near Interstate 40.
The seller is Dark Hollow LLC of Darien, Connecticut, successor to the Frederick D. Watkins Jr. Spousal Lifetime Access Trust.
The Watkins family has owned the bulk of the property since August 1907 after striking a $12,500 deal with Bettie Wittlesey.
Branch Buy
A 2,647-SF bank branch in midtown Little Rock tipped the scales at $1.18 million.
Central Bank of Little Rock purchased the branch at 5000 W. Markham St. from Simmons First National Bank.
Simmons bought the 0.71-acre site for $450,000 in December 2006 from McDonald’s Real Estate Co. of Oak Brook, Illinois.
Multifamily Deal
Three apartment buildings in the Hillcrest area of Little Rock rang up a $720,000 sale.
Alpha Holdings LLC, led by Howard Holmes and Rodney Turchi, acquired the 120, 202 and 206 N. Taylor St. properties from Jett & Georganne Ricks Family Corp. Inc.
The deal is financed with a $576,000 loan from First Federal Bank of Harrison.
The 0.54-acre development was assembled as part of three transactions. The sellers were Charles and Evelyn Fowler, 202 and 206 Taylor for $50,000 each in August 1986; and Dr. Daisllee Berry, Dr. Fred Berry and Georgia Berry, 120 Taylor as part of a $190,000 trans-action in September 1994.
Sherwood Project
A 9,000-SF office/warehouse project in Sherwood drew a $562,000 transaction.
Sweet ‘P’ Investors Inc., led by Danny Gilliland, bought the 1031 Lantrip Road property. The seller is Lantrip Business Park LLC, led by Todd, Kurt and Russell Luth.
The deal is funded with a five-year loan of $462,000 from IberiaBank of Lafayette, Louisiana. The 0.75-acre development previously was tied to a December 2009 mortgage of $510,000 held by One Bank & Trust of Little Rock.
Lantrip Business Park acquired the property from the bank for $510,000 more than five years ago.
Office Condo Sale
A 1,500-SF office condo in west Little Rock is under new ownership after a $195,000 deal. VGG LLC, led by Vijay Gondhalekar, purchased the space at 11809 Hinson Road.
The seller is ASA Properties Ltd. LLC, led by Walter Ramsey Jr. and Marcus Verbos. The property previously was linked with a January 2006 mortgage of $174,000 held by IberiaBank.
ASA bought the property for $205,000 nine years ago from John Gaudin.
Dollar Location
A 0.88-acre site for a Dollar General store in Little Rock sold for $189,000.
PB General Holdings (Barrow) LLC, led by Leonard Boen, acquired the land at the northwest corner of John Barrow Road and 36th Street from Billy and Joyce Trimble. Construction is backed with a five-year loan of $970,450 from First Federal Bank.
The Trimble family purchased the land as part of two transactions with James Sperry, $250 in September 1943; and Fred and Cleola Coleman, an undisclosed sum in May 1944.
Avignon Abode
A 5,052-SF home in the Avignon Court neighborhood of west Little Rock’s Chenal Valley development changed hands in a $720,000 deal.
Calvin and Rita Williams bought the house from Eren Erdem.
The residence previously was tied to a $592,000 mortgage held by Regions Bank of Birmingham, Alabama, and a November 2011 mortgage of $150,000 and a June 2014 mortgage of $300,000 held by IberiaBank.
Erdem acquired the property for $740,000 in October 2003 from Charles Murphy III and his wife, Cynthia.
Orle Residence
A 5,100-SF home in the Orle neighborhood of west Little Rock’s Chenal development rang up a $655,352 sale.
Sashi Kona and Naga Yenduri purchased the house from Woodhaven Homes Inc., led by Jack Wilson.
The deal is financed with a 30-year loan of $598,500 from U.S. Bank of Cincinnati. The residence previously was linked with a March 2014 mortgage of $494,000 held by Little Rock’s Bank of the Ozarks.
Woodhaven bought the site for $142,000 10 months ago from Deltic Timber Corp. of El Dorado.
Heights Home
A 3,435-SF home in the Heights area of Little Rock drew a $610,000 deal.
Gresham and Anna Richter acquired the house from Anne Quiggle.
The deal is funded with a 30-year loan of $488,000 and a $61,000 home equity line of credit from U.S. Bank.
The residence previously was tied to an August 2013 mortgage of $177,300 held by Quicken Loans Inc. of Detroit.
Ownership passed to Quiggle from her mother, Marcia Long, in August 2001. The family purchased the property for $16,590 in August 1965 from Marlin Gehring.
Lamarche Abode
A 3,899-SF home in the Lamarche Place neighborhood of west Little Rock’s Chenal development is under new ownership after a $525,000 transaction.
John Enlow Sr. and his wife, Haley, bought the house from Donald Wilborne Jr. and his wife, Miriam.
The deal is backed with a 30-year loan of $417,000 from Premia Mortgage LLC of Santa Ana, California, and a $55,439 revolving line of credit from TCF National Bank of Sioux Falls, South Dakota.
The residence previously was linked with a December 2012 mortgage of $406,500 held by Bank of Little Rock Mortgage Corp.
The Wilbornes acquired the property for $545,000 in January 2005 from Roger and Julie Coburn.
Country Club House
A 2,734-SF home near the Country Club of Little Rock sold for $500,000.
Charles and Beth Porter purchased the house from Mark Meador and Wanda Meador. The deal is financed with a 30-year loan of $255,000 from Simmons First National Bank.
The residence previously was tied to a July 2012 mortgage of $65,000 held by IberiaBank and a November 2012 mortgage of $348,000 held by Metropolitan National Bank.
The property was bought for $260,000 in July 1999 from Brandon and Carol Rogers.
Brodie Creek Refinance
The first two phases of a west Little Rock apartment project were refinanced with a $38.9 million mortgage.
The Pointe At Brodie Creek LLC, led by Keith Richardson, got the loan from Dougherty Mortgage LLC of Minneapolis.
The 356 units at 3400 Bowman Road previously were linked with a November 2011 mortgage of $14 million and a June 2013 mortgage of $16.7 million held by Centennial Bank of Conway.
The nearly 27.7 acres is part of a 95-acre tract acquired for $1.35 million in April 2010 from Bowman Road LLC, led by Patsy Lehman.
Hernando Mortgage
A 1,472-SF house in Maumelle’s Piney Cove neighborhood is helping secure a $5 million funding agreement.
Hernando Investment Fund LLC of Weirsdale, Florida, obtained the one-year loan from CAF Lending LLC of Santa Monica, California.
Hernando Investment purchased the residence for $54,960 in October from the Federal Home Loan Mortgage Corp.
The property previously was tied to a March 2005 mortgage of $79,000 originated by Carroll Mortgage Group Inc. of Little Rock.
Rally’s Refinance
Two Rally’s restaurants in Little Rock are backed with a $2.7 million financial package. Greenleaf Holdings LLC received the three-year loan from U.S. Bank.
The 0.4-acre developments at 712 Broadway and 5400 W. 12th St. previously were linked with a March 2013 mortgage of $1.9 million held by First Security Bank of Searcy.
The projects were bought as part of a $1.5 million deal in June 2002 with RLB Properties LLC, led by Michael Pierce Sr., and the Edna R. Carter Revocable Trust, $120,000 in December 2005.
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