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Wellington purchase.

A 5,200-SF home in west Little Rock's Villages of Wellington neighborhood is under new ownership after a $505,000 transaction.

Thomas Park IT and his wife, Carmen, acquired the house from KT Builders Inc., led by Kenneth Whitfield.

The deal is funded with a 30-year loan of $350,000 from Wells Fargo Bank of Des Moines, Iowa, and a 40-year loan of $129,750 from Wells Fargo Bank of San Francisco.

The residence previously was linked with a July 2004 mortgage of $390,000 held by Regions Bank.

The location was purchased for $73,000 in July 2003 from Winrock Development Co., led by Russ McDonough.
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Title Annotation:Real Deals: A Look at Important Real Estate Transactions
Comment:Wellington purchase.(Real Deals: A Look at Important Real Estate Transactions)
Author:Waldon, George
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1U7AR
Date:Sep 5, 2005
Previous Article:Chenal Abode III.
Next Article:Rental financing.

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