$1 Million Construction Loan

by Talk Business & Politics ([email protected]) 73 views 

Fredda F. Odum, trustee for the Odum Family Trust, received a $1 million mortgage from Arkansas National Bank in Rogers on April 24.

The loan is secured by unit one and unit two of the Del Lago Estates development in Benton County, with the exception of lots 6, 8, and 9-14 in unit one of the development. The street address for the property is listed as 10655 Cedar Forest Drive in Garfield.

The loan is designated for construction and is due April 24, 1998. The mortgage also includes an assignment of rents and leases to the bank.

The Odum Family Trust was formed Feb. 26, 1994. Odum assumed no personal liability for the mortgage.