NLR Motel 6 Visited by $3.4 Million Sale (Real Deals)

A 121-room hotel in North Little Rock weighed in at $3.47 million.

Om Purshantam LLC, led by Tanvi Desai, bought the Motel 6 at 4100 E. McCain Blvd. from Little Rock Hotel Group LLC of Denton, Texas. The deal is backed with a five-year loan of $3.1 million from Eagle Bank & Trust of Little Rock.

The 2.63-acre development previously was tied to a November 2015 mortgage of $3.3 million held by International Bank of Commerce in Oklahoma City.

The project was purchased 23 months ago in a $3.8 million deal with Prominent Hotels of Irving, Texas.

Saltgrass Dirt
The future location of a Saltgrass Steak House in Little Rock tipped the scales at $1.11 million.

National Retail Properties of Orlando, Florida, acquired the 1.52-acre site on the north side of the Bass Pro Shop at 1 Bass Pro Drive. The seller is Bass Pro Outdoor World LLC of Springfield, Missouri.

The land was bought in October 2012 as part of a $3 million deal with Town Center LLC, led by Tommy Hodges.

Downtown Deal
A 10,502-SF building in downtown Little Rock changed hands in a $950,000 deal.

Ramacoop Management LLC, led by Srinivasan Ramaswamy and Jay Cooper, purchased the 614 Center St. project.

The seller is Richardson Properties LLC, led by Keith Richardson. The deal is financed with a 20-year loan of $760,000 from One Bank & Trust of Little Rock.

The 0.16-acre development, home to Pinnacle Hotel Group, the Lagniappe @ 610 bar and restaurant and five apartments, previously was linked with a November 2014 mortgage of $675,000 held by First Security Bank of Searcy.

In October 2014, Richardson Properties received the project and $200,000 from Willis Smith and Bek Kaiser and their WRS Holdings LLC and Kaiser LLC in lieu of foreclosure.

Richardson entered the picture in December 2013 by acquiring a $760,000 mortgage held by Regions Bank of Birmingham, Alabama.

Wendy’s Buy
A 3,430-SF Wendy’s in Maumelle rang up an $875,000 sale.

Hamra Realty LLC, led by Carolyn Hamra, bought the 120 Carnahan Drive project from McNeely-Eubanks Enterprises of Dublin, Ohio. The deal is funded with a 15-year loan of $743,750 from Malvern National Bank.

The 1.02-acre development previously was tied to an August 2003 mortgage of $525,000 originated by North Little Rock’s National Bank of Arkansas.

The location was purchased for $510,000 in February 1991 from Hardee’s Food Systems Inc. of Rocky Mount, North Carolina.

Love’s Land
Expansion room for a Love’s Travel Stop in North Little Rock generated a $500,000 transaction.

Love’s Travel Stops & Country Stores Inc. of Oklahoma City acquired a 5.06-acre parcel adjoining the east side of its 11801 Interstate 40 project from Lena Belle Young Stafford Ltd.

The Young family bought the land in June 1927 as part of a $79,614 deal with Lita England, C.N. and Blanche Alexander and Margaret Valentine.

Joubert’s Tab
A 7,500-SF bar in Little Rock is under new ownership after a $342,250 sale.

7303 Kanis LLC, led by Henry Willmuth, purchased Joubert’s Tavern at 7303 Kanis Road from Gerard and Kathy Joubert.

The 0.37-acre development was acquired for $97,000 in December 1996 from Arkansas Children’s Hospital Foundation Inc., led by Larry Woodard.

Residential Tract
A 39.6-acre tract in west Little Rock drew a $275,000 transaction.

C&P Land & Realty LLC, led by Angelo Coppola and Paul Phelps, bought the land near the southeast corner of Interstate 430 and David O. Dodd Road.

The seller is the Tucker Living Trust, led by June Tucker. The deal is backed with a one-year loan of $206,270 from First Security Bank.

The land was assembled as part of four deals totaling $13,700. The sellers were Grace Axley, $900 in April 1941; Henry and Margaret Loesch, $300 in May 1943; J.W. and Lillian Blanton, $1,500 in June 1944; and Hillman Koen Jr. and his wife, Jean, $11,000 in July 1963.

River Club House
A 6,235-SF home in the River Club neighborhood on the western outskirts of Little Rock weighed in at $1.47 million.

James and Patricia Wallis acquired the 8.39-acre spread from Jeffrey and Tiffany Weatherly. The residence previously was linked with a May 2013 mortgage of $363,100 held by Quicken Loans Inc. of Detroit.

The Weatherly family bought the property for $1.3 million in 2010 from The Avondale Trust, led by David Matchet.

Heights Home
A 1,853-SF home in the Heights area of Little Rock sold for $615,000.

Jeff Fuller Homes LLC purchased the house from Nancy Huckabay.

The deal is financed with a one-year loan of $625,000 from Little Rock’s Bank of the Ozarks. The property was acquired for $186,000 in January 1998 from Christopher Piazza and Patricia Piazza.

Ensbury Abode I
A 4,170-SF home in the Ensbury Place neighborhood of west Little Rock’s Chenal Valley development changed hands in a $579,000 deal.

Nicholas and Kathryn Kelley bought the house from Coburn Construction LLC, led by Roger Coburn Jr. The deal is funded with a 30-year loan of $580,626 from Kelley Commercial Realty LLC of Little Rock.

The residence previously was tied to a December 2016 mortgage of $448,000 held by Relyance Bank of Pine Bluff.

The site was purchased for $87,000 10 months ago from Deltic Timber Corp. of El Dorado.

In Hickory Grove
A 3,828-SF home in west Little Rock’s Hickory Grove neighborhood rang up a $565,000 sale. Michael and Olivia Enderlin acquired the house from Timothy and Shannon Craig.

The deal is backed with a 30-year loan of $508,500 from Altra Federal Credit Union of Onalaska, Wisconsin.

The residence previously was linked with a $412,000 loan held by Bank of Little Rock Mortgage Corp.

The Craigs bought the location for $80,000 in November 2014 from Renaissance Homes Inc., led by Brandon Tedder.

PV Residence
A 3,422-SF home in west Little Rock’s Pleasant Valley neighborhood is under new ownership after a $550,000 transaction.

Neely and Patrick Phelan and James Phelan purchased the house from Matthew and Mary Marks.

The residence was acquired for $465,000 in September 2008 from Mary and Emily Brown.

Ensbury Abode II
A 3,695-SF home in the Ensbury Place neighborhood sold for $542,500.Mamie Owens bought the house from J. Martin Homes Inc., led by Gregory Cates. The deal is financed with a 30-year loan of $542,500 from Regions Bank.

The residence previously was tied to a December 2016 mortgage of $440,000 held by First Security Bank.

The site was purchased for $90,000 10 months ago from Deltic Timber.

Witry Dwelling
A 5,427-SF home in the Witry Court neighborhood of west Little Rock’s Chenal Valley development drew a $523,000 transaction.

Arun and Kristin Musinipally acquired the house from Todd and Dara Hillman. The deal is funded with a 30-year loan of $418,400 from Bank of Little Rock Mortgage.

The residence previously was linked with a June 2014 mortgage of $513,000 held by Arvest Bank of Fayetteville.

The Hillmans bought the property for $570,000 more than three years ago from Michael and Nancy Garner.