Stage Partners LLC, led by Jeff Hathaway, bought the Village Center at 1 Stagecoach Village Drive. The seller is Village Center LLC, led by Bud Finley.
The deal is financed with a five-year loan of $1 million from Bank of the Ozarks in Little Rock.
The 1.8-acre development previously was tied to an April 2001 mortgage of $855,000 held by Malvern National Bank.
Village Center LLC purchased the land in May 2000 as part of a $635,000 deal with Gerald and Billie Staley.
The Staleys acquired the property in September 1994 as part of deals totaling more than $165,000. The sellers were Richard and Faye Elliott, $130,900; Robert and Janie Elliott, $15,000; Terry and Robin Elliott, $9,000; John and Patsy Elliott, $8,000; and Larry and Ellen Elliott, $3,000.
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|Title Annotation:||Real deals: a look at important real estate transactions|
|Date:||Feb 2, 2004|
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