A 126-unit apartment complex in west Little Rock weighed in at $6.3 million.
Andmark Colony West Apartments LLC of Los Angeles purchased Colony West Apartments at 1420 Breckenridge Drive from RCP Colony LLC of New York.
The deal is financed with a 10-year loan of $5 million from Berkadia Commercial Mortgage LLC of Ambler, Pennsylvania.
The 7.45-acre development previously was linked with a March 2011 mortgage of $3 million held by Beech Street Capital LLC of Bethesda, Maryland.
RCP Colony bought the property for $3.2 million more than five years ago from Colony West Associates II Ltd., an affiliate of The Omnicorp Group of Atlanta.
Antiques Transaction
A 7,340-SF retail project in the Heights area of Little Rock tipped the scales at $1.34 million.
5701 Kavanaugh LLC, led by Barnett Briggs Jr. and Brock Martin, acquired its namesake property and former home of Ellen Golden Antiques from Heartland Bank of Little Rock.
The transaction includes the adjoining 1916 N. Fillmore St. building. The deal is backed with a $1.1 million loan from Gateway Bank of Rison (Cleveland County).
In January, Heartland recovered the 0.32-acre development from Ellen Golden Direct Importer of French Antiques LLC in lieu of foreclosure on a July 2012 loan of $1.36 million.
The limited liability company purchased the property for $650,000 in July 2007 from the Hopkins Living Trust, led by Edward and Robert Hopkins.
Office Purchase I
A 10,200-SF office building in west Little Rock changed hands in an $885,000 sale.
Cinco Innwood LLC, led by John Hathaway, bought the 5 Innwood Circle project. The sellers are Innwood Partnership, led by Willis Smith, and Bek Kaiser.
The deal is backed with a 10-year loan of $708,000 from Simmons Bank of Pine Bluff.
The 1.12-acre development previously was tied to a July 2008 mortgage of $800,000 held by Pulaski Bank of Little Rock.
The location was acquired for $115,000 in an October 1993 purchase from the Otis W. Howe Trust.
Parcel Buy
A 1.53-acre parcel in west Little Rock is under new ownership after a $225,000 transaction.
15000 Cantrell Road LLC, an affiliate of Little Rock’s Rector Phillips Morse, purchased the land from One Bank & Trust of Little Rock.
The bank recovered the property from Ideal Arkansas Properties LLC, led by John Childers Jr., in lieu of foreclosure on an August 2007 mortgage of $925,000.
Childers bought the land for $300,000 in February 2000 from Jorden and Eva Davie.
Office Purchase II
A 2,300-SF office building in west Little Rock rang up a $160,000 sale.
10014 W. Markham St. LLC, led by Brenda and Lee Stephens, acquired its namesake property. The seller is Solomon Enterprises Inc., led by Barry Solomon.
The deal is funded with a five-year loan of $163,780 from One Bank & Trust.
The 0.3-acre site was purchased for $58,000 in February 1985 from Fritchman Realty Inc., led by Larry Fritchman.
Riverbend Residence
A 4,541-SF home in Little Rock’s Riverbend neighborhood weighed in at $1.05 million.
Clifford Woods LLC, led by Mack and Donna McLarty, bought the house from Curtis Finch Jr. and his wife, Jackye.
The Finches acquired the property for $230,000 in May 1992 from Virginia Bailey.
PV Home
A 4,961-SF home in west Little Rock’s Pleasant Valley neighborhood drew a $700,000 transaction.
Michael and Sophie Hussey purchased the house from Joseph and Lois McDaniel.
The deal is financed with a 30-year loan of $665,000 from Bank of America in Charlotte, North Carolina.
The McDaniels bought the residence for $849,000 in May 2006 from The Calvin R. Anderson Revocable Trust.
Cliffewood House
A 2,684-SF home in Little Rock’s Cliffewood neighborhood sold in a $675,000 deal.
Tyler Kirk acquired the house from Ellen and Kelly Kreth. The deal is backed with a 30-year loan of $675,000 from Centennial Bank of Conway.
The residence previously was linked with a July 2011 mortgage of $100,000 and a June 2012 mortgage of $409,500 held by Arvest Bank of Fayetteville.
The Kreths purchased the house for $574,000 in March 2011 from Davison Hall and Katherine Riley.
Terra Bella Abode
A 4,754-SF home in west Little Rock’s Terra Bella neighborhood changed hands in a $645,000 transaction.
David Connor Jr. and his wife, Celeste, bought the house from the Jill Marie Snyder Living Trust.
The deal is funded with a 30-year loan of $417,000 from Bank of Little Rock Mortgage Corp. and a 15-year loan of $99,000 from BancorpSouth Bank of Tupelo, Mississippi.
The location was acquired for $65,000 in June 2001 from Kevin Barre Construction Co.
Maisons Property
A 4,428-SF home in The Maisons neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $584,000 sale.
Benjamin and Sarah Katon purchased the house from the Rebecca Elaine Gwatney Revocable Trust.
The deal is financed with a 30-year loan of $417,000 and a five-year loan of $109,410 from Simmons Bank.
The residence was acquired for $630,000 in February 2006 from Bonheur Maison LLC, led by John Brooks.
Land Loan
The owner of a 16-acre commercial site in southwest Little Rock picked up a $5.5 million financial package.
Fletcher Realty LLC, led by Frank Fletcher, received the two-year loan from Bank of America.
The land near the southwest corner of Interstate 30 and Otter Creek Road was bought for $5.8 million in December 2013 from Thomas Bartholomew.
Apartment Mortgage
A 256-unit apartment complex in Little Rock is backing a $3.9 million funding agreement.
Forest Place TIC I LLC and Forest Place TIC II LLC, investment groups led by Maxis Properties Inc. of North Kansas City, Missouri, obtained the seven-year loan from NorthMarq Capital LLC of Bloomington, Minnesota.
The 11.3-acre Forest Place development at 1421 N. University Ave. also is secured by a March 2012 mortgage of $14.1 million held by NorthMarq.
The property was acquired for $17.6 million more than four years ago from Forest Place Joint Venture, led by Pete Hornibrook, and Rector Phillips Morse Inc.
Ridgeview Note
The owner of a 242-unit apartment complex in North Little Rock landed a $2.69 million construction loan.
Ridgeview Partners LLC of Los Angeles got the three-year loan from Nebraska’s Mutual of Omaha Bank.
The limited liability company entered the ownership picture in December 2014 when NHDC Ridgeview Apartments Inc. of Rancho Cucamonga, California, forfeited the property in lieu of foreclosure.
The 10.93-acre development at 4700 August Circle was securing an April 2004 mortgage of $8.6 million.
Auto Zone Funding
A Little Rock Auto Zone project is securing a $2.2 million mortgage.
A-Z Holdings LLC, led by Kevin Huchingson, received the five-year loan from Arvest Bank.
The nearly half-acre development at 515 E. Roosevelt Road previously was tied to an August 2004 mortgage of $2.4 million held by American Fidelity Assurance Co. of Oklahoma City.
The location was purchased for $135,000 in April 2003 from Baird Inc., led by John Schlereth.