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Office land loan.(Real Deals: A Look at Important Real Estate Transactions)


Office land totaling more than 9.2 acres in North Little Rock is securing a $650,000 mortgage.

Shore Business Park Group LLC, led by Sam Perroni, lames Billie and Kenneth Martin, received the one-year loan from BancorpSouth Bank.

The property at the southeast corner of North Shore Court and North Shore Drive previously was tied to a March 2007 mortgage of $1.35 million held by Bank of the Ozarks.

It also is linked with a July 2008 mortgage of $342,729 held by BancorpSouth Bank.

The land was part of a 15.6-acre parcel acquired for $1.17 million in January 2005 from the Pulaski County Special School District.

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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