Commercial financing.

The developers of a mixed-use commercial development in west Little Rock secured a $20.8 million extension to its construction financing.

Shackleford Crossings LLC, led by Steve Clary, received the funding from M&I Marshall & Ilsley Bank of Milwaukee.

The 82-acre Shackleford Crossings development at the southwest corner of Interstate 430 and Shackleford Road additionally secures a January 2007 mortgage of $53.2 million backing the project.

The original 97.4-acre site was acquired for $11.4 million in October 2005 from Summit Mall Co. LLC, a joint venture between Simon Property Group Inc. of Indianapolis and Dillard's Inc. of Little Rock.

Shackleford Crossings sold the 9.96-acre J.C. Penney's site for $903,000 in February 2007. The limited liability company sold the 2.56-acre Cracker Barrel site for $1.85 million in May 2007.