JONESBORO, Ark. (KAIT) -New litigation was announced this week against former Craighead County Clerk Kade Holliday, Total Healthcare LLC owner Rose Hankins, and Big Wave Finance, a company based out of San Francisco.
Court documents show Simmons Bank filed a complaint, claiming Total Healthcare loaned approximately $131,024.50 from the bank on Jan. 27, 2017 for a property at 720 Locust Drive.
The loan came with a fixed interest rate of 5.2% that was “payable in monthly installments.”
At the same time, Total Healthcare “transferred to Simmons a security interest in all inventory, accounts, furniture, and equipment, dated Jan. 27, 2017.”
Documents show the promissory note changed on Feb. 16, 2018, when the balance due was $131,024.50 with a fixed interest rate of 6.35%.
The mortgage also changed “on a couple of occasions, with the last being on or about Feb. 16, 2018.”
According to court documents, Hankins, Holliday, and Total Healthcare owe Simmons Bank $86,572.73 in mortgage loans as of July 19, 2020, with the interest rate remaining at 6.35%.
Other defendants in the case included Corporation Services, a company based out of Springfield, Ill., and occupants of 720 Locust Drive.
Earlier this month, Hankins filed a lawsuit against Holliday, alleging fraud and deceit by Holliday.
In her separate lawsuit, Hankins claimed Holliday used 9 separate accounts at 4 local banks to receive and transfer money that belonged to her company.
Hankins lawsuit suggests Holliday used those funds from her company and a company owned by Holliday for his own personal use and benefit.
Craighead County is also suing Holliday for a minimum of $1.4 million in temporary damages.
Holliday’s arrest on June 29 also caused several businesses to close, notably The Edge Coffee House and Twisted Foods.