Har-Ber Meadows Renews Mortgage
by January 12, 1998 12:00 am 74 views
Har-Ber Meadows Development Co. of Springdale renewed a $3.5 million mortgage with Springdale Bank & Trust in November.
The mortgage was signed by Ken Childress, president of the company. The note is secured by the 420-acre planned unit development along U.S. Highway 412 west of Springdale.
The mortgage also was guaranteed by Jones Investment Co. of Springdale. Bernice Jones signed the note as president of the company and Joel Carver signed it as secretary. The loan is secured with 57 acres the company owns in the development that is intended for commercial development.
Har-Ber Meadows Development Co. renewed a $5 million mortgage on the development in April and received a $9 million mortgage from Jones Investment Co. Springdale Bank & Trust holds a first mortgage on all the property.