DMT Refinances Siloam Holdings
by June 28, 1999 12:00 am 101 views
Dale Moten, through his company Dale Moten Transportation Services Inc. of Siloam Springs, refinanced his property along Lincoln and Kenwood streets and used the land as collateral for a line of credit.
The $1.6 million deal was financed by Arkansas National Bank of Springdale and included loans of $865,034 and $700,000 on April 22.
Among the properties were a 6,000-SF garage and office and 3,500-SF service garage at 903 Lincoln St. that appraised for $285,290 in 1998; a 0.4-acre undeveloped tract at 996 Lincoln St. that Moten bought in two parcels for $25,000 in 1994; a 4,341-SF commercial building at 995 S. Lincoln St. appraised at $313,500 in 1997; a 5,560-SF service garage at 1217 E. Kenwood St. appraised at $71,000 in 1998 and a mobile home and 1.41 acres at 1219 E. Kenwood St. valued at $38,370 in 1998.