Printer Friendly

Lots financing.

Fifty-three residential lots in North Little Rock were used to secure a $1.5 million funding agreement.

Rausch Coleman Land Development LLC of Barling (Sebastian County) obtained the one-year loan from Bank of the Ozarks.

The Faulkner Crossing property had been tied to a September 2006 mortgage of $1.5 million held by the bank.

The lots are part of a 135-acre tract near the northeast corner of U.S. Highway 165 and Faulkner Lake Road that was acquired for $1.07 million in June 2005 from Wilcox Investment Ltd., led by George and Shirley Wilcox.
COPYRIGHT 2008 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Real Deals: A Look at Important Real Estate Transactions
Author:Waldon, George
Publication:Arkansas Business
Date:Dec 8, 2008
Previous Article:Maisons abode.
Next Article:Furniture funding.

Related Articles
Nomura's Real Estate Finance Group in first pan-European transaction: Sale and leaseback of Center Parcs Europe.
Lots financing.
There is money out there: even in the battle zone of today's commercial real estate market, some financing is still available.
Fraser Forbes Real Estate Services Announces $5.67 Million Closing.
Real deals.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters