Wortman mortgage.(Real Deals: A Look at Important Real Estate Transactions)(Brief article)

Two Little Rock properties were used to secure a $4.59 million funding agreement.

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MSI Holding Co., led by Steve Wortman, obtained the loan from Centennial Bank of Conway.

The 4-acre Kaufman Lumber facility at 5100 Asher Ave. previously was linked with a July 2006 mortgage of $5.09 million held by the bank. The property was assembled in seven buys totaling more than $529,000.

The major sellers were Joe and Mary Kaufman, $450,000 in September 1985; Jimmy and Judy Heavrin, $45,000 in November 1980; Clara Ketcher, $18,000 in October 1985; Inez Treadway Cole, $15,000 in June 1987; and E.L. and Olarene Sowell, $10,000 in December 1988.

The new loan also is secured by a 2.5-acre parcel and a 15.02-acre parcel near 4200 S. Shackleford Road. The land was part of a 30-acre tract bought for $600,000 in October 1999 from Atley and Betty Davis.

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