First week of April tops $220 million in loans

Nick McBrideOn the Grow

I hope everyone had a good week. The Register’s office did: the first full week of April we recorded a total of 2,500 documents!

A total of 328 property sales took place last week with a value of $91.27 million. Of those transfers, seven were valued at over $1 million and four of the seven were commercial properties. The highest value commercial transfer was the property located at the corner of Hart Road and Northshore Drive in West Knoxville. SSLW LLC sold the property currently occupied by First Choice Automotive to SCF RC Funding IV LLC for $2.04 million.

Nick McBride

Another property that sold for over $1 million was sold by Carolyn Walker to Red River Gorge Investments LLC for $1.1 million. This building at 6217 Baum Drive started out as Walker’s Formal Wear and has changed businesses a couple of time since then.

Reliance Development LLC sold property located at 7659 and 7675 Clinton Highway to Ben BZ Storage LLC for $1.2 million. The fourth property that sold was the KFC restaurant lot on North Broadway. East Tennessee Foods LLC sold to Advanced Measurement Machines Inc. for $1.15 million. The address is 2918 North Broadway (on the corner of N. Broadway and Claiborne Place).

Lending was up over the previous week by $45 million even though the number we recorded was 23 fewer. The 652 loans came to a total of $220.69 million! Of those, 14 were over $1 million. The lenders funding loans over a million dollars were:

  • Southeast Bank – $1.31 million
  • Community Trust Bank – $1.35 million
  • Regions Bank – $1.43 million
  • Simply Bank – $1.52 million
  • Citizens Bank – $2.64 million
  • Corevest American Finance – $3.0 million
  • Firstbank – $4.74 million
  • First Horizon Bank – $6.26 million
  • Truist Bank – $9.0 million
  • First National Bank of Pennsylvania – $58.29 million

The Dogwood Arts Festival activities for 2021 are in full swing; the trails and open gardens will run through 4/30, Featured Gardens are open this coming weekend, and the festival itself is April 23-25. Don’t forget to reserve your spot for entrance! Have a great week!

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Nick McBride is register of deeds for Knox County.


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