A total of 32 single-family homes now belong to a Springdale businessman after a $3.75 million deal.
Rob Kimbel, through his Cincinnati Creek Properties LLC, paid for the property in Centerton and Springdale.
Kimbel is CEO of Springdale-based Kimbel Mechanical Systems Inc.
MMK Investments LLC, led by Rick Mooney, Hasan Masri and Kimbel, was the seller.
United Bank of Springdale provided financing with a four-year mortgage of $3.58 million.
In Springdale, the transaction shifted ownership of 11 single-story homes on Fern’s Valley Loop in the Fern’s Valley subdivision near the intersection of Wagon Wheel Road and North Thompson Street.
In north Centerton, the deal involved 21 homes in Phase II of the Char-Lou addition just off Seba Road near Centerton Gamble Elementary. The properties... [ MORE ]