Molly Court Apartments Refinanced

by Talk Business & Politics ([email protected]) 61 views 

N. Glenn Sowder of Fayetteville received an $812,000 mortgage from First National Bank of Springdale on June 2. The loan is due June 2, 2000, and carries an annual interest rate of 8.7 percent.

The loan is secured by the Molly Court Apartments at 1010 Molly Court in Fayetteville. The apartments were built in 1994 and have a total of 10,275 SF on 0.58 acres of land.

Sowder says he received the mortgage to settle a construction loan on the property from the Bank of Fayetteville.