A 240-unit apartment complex in Jacksonville weighed in at $6.55 million.
AndMark Oakwood Apartments LLC, an affiliate of the AndMark real estate investment firm of Los Angeles, bought the Oakwood Apartments project at 1310 Smithwick Drive.
The seller is Valdovinos Properties LLC, led by the Ignacio Valdovinos Revocable Trust. The deal is backed with an eight-year loan of $5.3 million from Chambers Bank of Danville.
The 12-acre development previously was linked with a February 2012 mortgage of $4.5 million held by BancorpSouth Bank of Tupelo, Mississippi.
Valdovinos Properties purchased the project for $5 million in February 2007 from Oakwood Apartments, led by the Edwin T. & Doris M. Gray Family Trust and the Sue F. Johnson Revocable Trust.
Quality Acquisition
A 6,400-SF day care project in Cabot changed hands in a $993,000 transaction. Davidson Holding Co. LLC, led by Skip Davidson, acquired Quality Child Care at 2927 E. Justice Road.
The seller is A+ Child Care Inc., led by Stephanie McIntyre. The deal is financed with a five-year loan of $373,880 from First Arkansas Bank & Trust of Jacksonville and a $191,165 loan from Calvin and Stephanie McIntyre.
The 9.7-acre property was bought for $200,000 in December 2001 from Community Bank of Cabot.
Central State Purchase
Quarry land in west Pulaski County rang up a $310,000 sale.
Central State Investments LLC, an affiliate of Asphalt Products, purchased the 6.91-acre parcel on the east side of Martin Marietta Aggregates at 15600 Lawson Road. The seller is T-N-C LLC, led by Charles Richesin.
The deal is funded with a five-year loan of $249,000 from Arvest Bank of Fayetteville.
T-N-C acquired the property for $210,000 in October 2007 from Michael and Bonnie Eilers.
Hope Transaction
A 1.89-acre commercial site in North Little Rock drew a $288,570 transaction.
RAH Commercial LLC, led by Alan and Ron Hope, bought the undeveloped site on the east side of the Powers of Arkansas facility at 5440 Northshore Drive. The seller is Pfeifer Family Ltd. No. 1, led by Gene Pfeifer.
The land is part of a 600-acre tract along the Arkansas River near the southeast corner of Interstate 430 and Crystal Hill Road that the limited partnership purchased in May 2000 for $2.1 million.
The sellers were Karen Smith Riecke and North Shore Ltd., led by Harold Tenenbaum.
Downtown Office
A 3,200-SF office building in downtown North Little Rock sold for $200,000.
CTMS LLC, led by Jeremy and Sarah Ables, acquired the 615 Main St. project from P&L Capital Management LLLP.
The deal is backed with a five-year mortgage of $200,000 provided by P&L Capital, led by the namesake trusts of Larry and Phyllis Holifield.
Sole ownership of the 0.32-acre development was bought for $75,000 in August 1996 from Gayle Priddy.
Fontenay Manor
A 4,872-SF home in the Fontenay Circle neighborhood of west Little Rock’s Chenal Valley development is under new ownership after an $842,000 deal.
Steve and Donna Danforth purchased the house from Donald and Lucinda Phelps. The deal is financed with a one-year loan of $842,000 from Farmers & Merchants Bank of Stuttgart.
The residence previously was tied to a January 2013 mortgage of $650,000 from BancorpSouth Bank.
The property was acquired for $835,000 in March 2011 from Tracy and Terre Tisdale.
Cammack Residence
A 4,698-SF home in Cammack Village changed hands in an $833,140 transaction.
John and Amber Meadors bought the house from Karen Baker.
The deal is funded with a 10-year loan of $749,826 from IberiaBank of Lafayette, Louisiana.
The property was purchased for $390,000 in September 1996 from Mary Gulley.
Deauville Abode
A 4,576-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development rang up a $597,000 sale.
Chunshan Gu and his wife, Yan Yan, acquired the house from Zubair Ahmed and Umbar Ghaffar.
The deal is backed with a 30-year loan of $397,000 from One Bank & Trust of Little Rock. The residence previously was linked with July 2014 mortgages of $479,600 and $59,950 held by U.S. Bank of Cincinnati.
The property was bought for $599,500 more than two years ago from Gulley Family Trust No. 1, led by David and Mary Gulley.
Sezanne House
A 4,100-SF home in the Sezanne Court neighborhood of west Little Rock’s Chenal Valley development drew a $571,000 transaction.
Michael and Katrina Banks purchased the house from ODS Enterprises LLC, led by Oscar Washington.
The deal is financed with a 30-year loan of $541,818 from First Arkansas Financial Inc. of Sheridan. The residence previously was tied to a September 2015 mortgage of $484,500 from Simmons Bank of Pine Bluff.
The location was acquired for $78,250 in August 2015 from Loyd and Kaye Stanley.
Waterview Home
A 3,650-SF home in the Waterview Meadows neighborhood in west Pulaski County sold for $559,500.
Arjav and Jeannie Shah bought from WVM Construction LLC, led by William Parkinson III.
The deal is funded with a 10-year loan of $568,559 from Simmons Bank. The property previously was linked with an April 2015 mortgage of $379,080 held by Centennial Bank of Conway.
The lot was purchased for $70,000 18 months ago from Waterview Meadows LLC.
In addition to Parkinson, the Waterview Meadows investors include homebuilders Rick and Randy Ferguson, Mike Kuhn, Mark Baker, Carl Henson, Thomas Chambers, Bret Franks, Richard Harp, Chuck Hamilton and Oscar Washington.
Mirabel Domicile
A 3,644-SF home in the Mirabel Court neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $525,000 deal.
Charles and Jimie Harris acquired the house from James Price.
The deal is backed with a 30-year loan of $417,000 from First Arkansas Financial Inc.
The residence previously was tied to a December 2015 mortgage of $402,000 held by First Security Bank of Searcy.
The location was bought for $85,000 10 months ago from Deltic Timber Corp. of El Dorado.
Condo Buy
A 1,863-SF high-rise home in downtown Little Rock changed hands in a $505,000 sale.
Siamak Shahriari purchased the condominium on the ninth floor of the 300 Third Tower from Trinity Properties & Investments LLC, led by Doug Falls.
The deal is financed with a 15-year loan of $404,000 from Simmons Bank. The condo previously was linked with a September 2012 mortgage of $387,000 held by Jonesboro’s Liberty Bank of Arkansas.
Trinity Properties acquired the property at 300 E. Third St. for $550,000 in September 2007 from 300 Third LLC, led by Jimmy Moses and Rett Tucker.
Cornerstone Construction
Construction of Cornerstone Clinic in west Little Rock is backed with a $7 million funding agreement.
CCFW 9500 LLC, led by Dr. Kevin Breniman, obtained the five-year loan from Capital Bank of Little Rock.
The 3.29-acre site at 9500 Baptist Health Drive is owned by Multi-Management Services Inc., an affiliate of Baptist Health.