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Surgery mortgage.

The owner of a Little Rock surgery center landed a $1.57 million funding agreement

Arkansas Surgery & Endoscopy Center LLC, led by Syed Samad, secured a five-year loan of $1.07 million and a two-year loan of $500,000 from Bank of America in Charlotte, N.C.

The 0.4-acre development at 9 Freeway Drive previously was linked with a pair of August 2005 loans totaling $1.16 million from the bank.

The limited liability company acquired the former home of Rainbow Babies & Children's Pediatric Clinic and the Pain Control Center for $950,000 more than two years ago from National Loan Investors Ltd. of Oklahoma City, led by Paul Heafy.
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Title Annotation:Real Deals: A Look at Important Real Estate Transactions
Author:Waldon, George
Publication:Arkansas Business
Date:Mar 26, 2007
Words:111
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