L&E Invests in Subdivision
John David Lindsey and Kirk Elsass, members of L&E Equity Investments LLC, received a $1.1 million construction loan April 26 from McIlroy Bank & Trust to build a series of new homes in Bentonville’s Turnbridge Wells subdivision.
The loan includes 10 lots in block three of the development. Turnbridge Wells includes 280 lots, 200 of which are either not yet sold or contain homes under construction.
L&E’s bricked homes will average 1,820 SF each and include three bedrooms featuring master baths with whirlpools. About 9,600 SF each, the properties include lots 18-20, 79-80, 73, 49-50 and 44-45.