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Office funding.(Brief article)


The owner of a 2.3-acre office development in west Little Rock picked up a $3.2 million financial package.

HTES LLC, led by Blake Lazenby and Todd Hart, got two three-year loans of $2.7 million and $519,000 from BancorpSouth Bank.

The 16603-16623 Cantrell Road project previously was linked with a July 2007 mortgage of $735,000 and a February 2009 mortgage of $50,000 held by the bank.

The property was assembled in two deals with Michael and Rebecca Stallcup, a 0.4-acre parcel for $130,000 in October 2004; and John and Phyllis Saugey, a 1.93-acre parcel for $680,000 in April 2007.

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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