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Church loan.(Real Deals: A Look at Important Real Estate Transactions)
A west Little Rock congregation landed an $800,000 financial package. Winfield United Methodist Church got the three-year loan from Little Rock's Bank of the Ozarks. The 4-acre development at 20100 Cantrell Road previously was tied to a January 2008 mortgage of $125,000 held by the bank. The location was purchased in December 1947 from Roy and Christine Sturgis for an undisclosed sum.
COPYRIGHT 2009 Journal Publishing,
Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company. NOTE: All illustrations and photos have been removed from this article. |
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