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Atlanta company buys hotel in downtown Little Rock for $20.4M

SREIT RI Little Rock Propco LLC, an Atlanta company, purchased the Residence Inn by Marriott in downtown Little Rock for $20.4 million last month.

The six-story hotel, with 107 rooms, is at 219 River Market Ave. It was built in 2013.

SREIT RI Little Rock assumed a loan in the original amount of $14.4 million from Wilmington Trust, National Association, as trustee for the registered holders of Wells Fargo Commercial Mortgage Trust.

Adam Singer, authorized signatory of the lender, signed the mortgage. Nate Bagnasch, authorized signatory for the new borrower SREIT RI Little Rock, also signed the mortgage.

The seller was NF II/CI Little Rock LLC, a Greenwich, Conn., firm. Mark Rafuse, vice president of NF II/CI Little Rock LLC, signed the deed.

The Residence Inn by Marriott appraised at $11.9 million last year. The hotel last sold for $17.5 million in 2014.

Nick Antonopoulos of Miami incorporated SREIT RI Little Rock Propco in August.