State: Arkansas - AR
CMBS Loan Against Tornado-Destroyed Mall in Arkansas Gets Appraisal Reduction
Commercial Real Estate Direct Staff Report Mall at Turtle Creek in Jonesboro, Ark., which was heavily damaged by a tornado in early 2020, resulting in its near total demolition, has been hit with a total appraisal reduction amount of $16.32 ...
Park Plaza Mall in Little Rock, Ark., Gets Taken by CMBS Trust in Foreclosure
Commercial Real Estate Direct Staff Report The CMBS trust that held what most recently was a $74.16 million mortgage against the Park Plaza shopping mall in Little Rock, Ark., has taken the property through foreclosure. The loan, which had encumbered ...
Mountain Ranch Apartments
The deal was funded with a $36 million Freddie Mac loan provided by Grandbridge Real Estate Capital. The loan, with a seven-year term, was used to defease, or replace with government securities, an $18.7 million loan that was securitized through COMM, ...
Fayetteville, Ark., Apartments Trade for $49.5Mln
Commercial Real Estate Direct Staff Report Canyon View Capital has paid $49.5 million, or $137,119/unit, for the 361-unit Mountain Ranch Apartments in Fayetteville, Ark. The Santa Cruz, Calif., multifamily specialist bought the property from BSR REIT of Little Rock, Ark., ...
Towne Park at Har-Ber apartment property
Block Real Estate assumed an $18.8 million Fannie Mae loan that JLL had originated in 2018. The loan pays a coupon of 4.5 percent and matures on Dec. 1, 2028.
Construction to Start on 234-Unit Apartment Complex in Springdale, Ark.
St. Louis Business Journal Mia Rose Holdings LLC is set to start construction this spring on the 234-unit Pure Springdale apartments in Springdale, Ark. The $35 million development will be built on 13.7 acres next to the Arkansas Children's Hospital ...
Springdale, Ark., Apartments Sell for $31.7Mln
Commercial Real Estate Direct Staff Report Block Real Estate Services LLC has paid $31.7 million, or $134,322/unit, for the 236-unit Towne Park at Har-Ber apartment property in the northwest Arkansas city of Springdale. The Kansas City, Mo., real estate investment ...
Venture Led by Crowdfunder Provides $16.96Mln of Equity for Ark. Student-Housing Property
Dallas CityBizList A venture led by CrowdStreet Inc., a Portland, Ore.,-based crowdfunding platform, has provided $16.96 million of equity against Ozark Villas, a 670-bed student-housing property in Fayetteville, Ark. JLL Capital Markets arranged the equity CrowdStreet provided in a venture ...
Value of Arkansas Mall Backing $76Mln CMBS Loan Gets Big Haircut
Commercial Real Estate Direct Staff Report Park Plaza Mall in Little Rock, Ark., has been appraised at a value of only $33.1 million, down significantly from the $142 million appraised value given to it just nine years ago. A 283,326-square-foot ...
Berkadia Writes $34.8Mln Fannie Loan Against North Little Rock, Ark., Apartments
Commercial Real Estate Direct Staff Report Berkadia has originated $34.8 million of Fannie Mae financing against the 684-unit Links at the Rock apartments in North Little Rock, Ark. The loan, which closed on April 30, has a 20-year term. It ...
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