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Land mortgage.

The owners of an 8.3-acre commercial property in west Little Rock landed a $3 million funding agreement.

14910 Cantrell LLC, led by Steve Hockersmith, obtained the two-year loan from Regions Bank of Birmingham, Ala. The property at 14910-16 Cantrell Road was assembled in two deals totaling $3.2 million.

The sellers were PJM Revocable Trust, led by Phyllis McGrew, 4.3 acres at 14910 Cantrell Road for $1.9 million in July 2006; and Edward D. Cargile Living Trust and the Bonnie Lon Hale Cargile Living Trust, 4 acres at 14916 Cantrell Road for $1.35 million in December 2004.
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Title Annotation:Real Deals: A Look at Important Real Estate Transactions
Comment:Land mortgage.(Real Deals: A Look at Important Real Estate Transactions)
Author:Waldon, George
Publication:Arkansas Business
Article Type:Brief article
Geographic Code:1U7AR
Date:Aug 27, 2007
Previous Article:Chenal abode.
Next Article:Day-care loan.

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