Rivers Edge Apartments refinances with $15 million loan

Nick McBrideOn the Grow

We are having a flashback to two weeks ago! Our numbers are very similar to those of the second week of the month with 242 property transfers and 415 loans. The 242 property transfers totaled $55.3 million, but only one transaction came in over $1 million. That transaction was a sale between Central Baptist Church of Bearden Inc. and the investment firm NBZ HQ LLC. The piece of property on the west side of Central Baptist Church, 6322 Deane Hill Drive, changed hands for $1.6 million dollars.

Loans totaling $94.98 million were taken out last week with the largest of those being a refinance of the Rivers Edge Apartments in South Knoxville. The $15 million loan was obtained by 1701 Island Home Drive LLC from Walker & Dunlop LLC.

Don’t forget – Daylight Saving Time is about to end. We push our clocks back at 2 a.m. on Sunday, Nov. 3. Daylight Saving Time started as an energy conservation trick during World War I and became the national standard in the 1960s. Shifting the number of daylight hours into the evening during the summer months was supposed to save energy by people spending less time with the lights on. Only two states do not adhere to this time change, Arizona and Hawaii. Tennessee has approved legislation to make the time change permanent, as have many other states, but approval from the federal government is needed to make it happen.

Nick McBride is the register of deeds for Knox County.


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