Recruitment loan.

A military recruitment center in the Riverdale area of Little Rock was used to help secure a $32.4 million funding agreement.

MSDG Little Rock LLC obtained the loan from Artesia Mortgage Capital Corp. of Issaquah, Wash. The 2.1-acre development at 1520 Riverfront Drive previously was tied to a July 2000 mortgage of $3.4 million held by Pulaski Bank & Trust.

MSDG bought the property for $833,000 ($9 per SF) in May 2001 from Pleasant Valley Inc. of Little Rock, led by Marion Burton.