The first full week of March we recorded 1,157 documents. This included 292 Trust Deeds (loans) and 171 property transfers (Warranty Deeds).
The total value of the properties that were financed during the week was $142.6 million. The largest individual mortgage was for $51.17 million! That loan was funded by Grandbridge Real Estate Capital LLC. The second-highest loan didn’t come anywhere close but was still an enormous amount – Citizens National Bank loaned $21.18 million. There were 5 other loans over a million dollars:
On the transfer side of things, the only commercial property to sell for more than a million dollars last week was the Courtyard by Marriot. Nilhan Brookview LLC sold the hotel in Brookview Town Centre on N. Northshore Dr. for $23.23 million. Sachchidanand Hotel Brookview LLC is the new owner. That sale alone accounted for over a quarter of the total value of sales for the week. The 171 property transfers which had a collective value of $86.8 million. This included 4 private sales of over a million dollars.
Our three-year comparison chart is up-to-date as of March 10, 2023.
Protect your property and peace of mind by signing up for our FREE Property Fraud Alert program. The program emails an alert if something is recorded in your name or address. If you are alerted for an unexpected transaction, call us to inquire and take immediate action. To sign up, follow this link or go to: https://alertme.knoxrod.org, then click on “Register Here” and follow the prompts.
Have a great St. Patrick’s Day – enjoy the parade downtown on Friday and don’t forget to wear your green! – Nick
Nick McBride is register of deeds for Knox County.