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Office mortgage.(Brief article)


The owner of a 19,800-SF office project in west Little Rock secured a $2 million refinancing package.

Methodist Family Health Foundation Inc., led by William Altom, got the 25-year loan from Little Rock's Arkansas Development Finance Authority.

The 1.8-acre 1600 Aldersgate Road development previously was tied to an August 2008 mortgage of $1.8 million held by First Security Bank of Searcy.

The project was bought for $2.3 million 10 months ago from Nabholz Inc. of Conway.

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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