A 21,000-SF retail project in west Little Rock tipped the scales at $1.48 million.
8509 W. Markham Street LLC, led by Justin Muller and Herman Scott, acquired its namesake property. The seller is Booe Properties LLC, led by James, Gerald and Mar Lynn Booe.
The deal is backed with a five-year loan of $1.4 million from Bank of Augusta. The 1.74-acre development previously was tied to a June 2005 mortgage of $337,330, a May 2008 mortgage of $375,318 and a July 2011 mortgage of $66,250 held by Metropolitan National Bank of Little Rock.
The property was bought for $12,000 in January 1963 from Flora Ashby.
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Multifamily Sale
Two four-plex apartments in North Little Rock were sold in a $575,000 transaction.
Rainwater Holt & Sexton Properties LLC, led by Michael Rainwater, James Holt and Robert Sexton, purchased 10930 and 10950 Frenchmen Loop from Eagle Bank & Trust of Little Rock.
The deal is funded with a 10-year loan of $517,500 from the bank.
Eagle Bank & Trust recovered the 0.3-acre developments from Barry Rancifer and Patrick Williams at a $600,000 foreclosure sale in November 2011.
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Office Condo Deal
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