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Article: Church Business.
- Article from:
- Arkansas Business
- Article date:
- April 17, 2000
- Author:
CopyrightCOPYRIGHT 2000 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A 1.67-acre church development in North Little Rock drew a $2 million offering.
First Baptist Church Military Heights Inc. bought the former home of North Little Rock First Church of the Nazarene at 2015 Main St.
The deal was financed with a three-year loan of $1.3 million from Metropolitan National Bank of Little Rock. The property previously was tied to a December 1991 mortgage of $750,000 held by Little Rock's Worthen National Bank of Arkansas (now part of Charlotte, N.C.-based Bank of America).
The seller was North Little Rock First ...