All In The Company

Ten new houses are being added to the Champions Estates housing development along the south border of the exclusive Pinnacle subdivision in Rogers.

John David Lindsey, son of the founder of Lindsey & Associates Inc. of Fayetteville, and Kirk Elsass, an officer with the company, got a $1.1 million mortgage from First Security Bank of Searcy to build the houses. The chairman and CEO of the bank is Reynie Rutledge, Jim Lindsey’s brother-in-law.

Lindsey and Elsass bought the 10 lots in the development from Southern Heritage Corp., headed by Bill Adams, for $250,000. Lindsey and Elsass have started work on four of the houses and plan to start on the other six soon. Plans include completing the homes by Feb. 1. Each of the houses will have about 1,850 SF and sell for about $135,000 each.

Champions Estates in a 110-lot development adjacent to Pinnacle. About 25 houses have been built in the housing addition.