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Riverdale refinance.(Real Deals: A Look at Important Real Estate Transactions)(Brief article)
A 20,300-SF office building in Little Rock's Riverdale area is backing a $3.5 million financial package. 2228 Cottondale Lane LLC, led by Richard Newland, received the one-year loans of $3.27 million and $255,000 from BancorpSouth Bank. The 1.7-acre development previously was tied to a September 2008 mortgage of $2.35 million held by the bank. The Riverdale Building at 2228 Cottondale Lane was bought for $2.58 million 11 months ago from Marina Cove LLC, led by David Carl.
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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