Property sales reached $466.52M in May - Knox County Register of Deeds

During the last week of May we added 1,176 new documents to the Knox County property records. Trust deeds were 323 of the total documents and had a combined value of $117.8 million. Walker and Dunlop LLC, which often funds multi-family housing builds, backed the largest loan of the week for $20.11 million. Bank of America funded the next largest of $11.26 million, and Y-12 Federal Credit Union loaned $9.99 million. The other high-value loans are listed below:

Nick McBride

Warranty deeds (property purchases) accounted for 236 of the recordings that were processed last week, totaling $95.19 million. There were nine transfers with prices over $1 million, but only one of those was a commercial property.

Apex Bank is expanding in the Knoxville area. In the past two weeks, Apex has purchased two former bank buildings. Last week, it acquired a bank in Farragut, and this week it bought the HomeTrust Bank building at 6501 Kingston Pike for $3.97 million.

The year-to-date comparison chart has been updated through May 30, 2025:

To recap the month of May, a total of 6,144 documents were recorded. Included in the month’s recordings were 1,473 trust deeds, 1,070 warranty deeds, 329 liens and 1,560 release documents.

The trust deeds (loans) had a total value of $767.63 million. The largest was $76 million, funded by Berkadia Commercial Mortgage and the second largest at $42.3 million was backed by FirstBank.

Property sales came in at a cumulative $466.52 million for the month. The highest value property to change hands is at the I-40/Rutledge Pike exit. I-40 Construction Services’ sale to Duff Real Estate LLC came in at $6.68 million. The second highest was the new Spark by Hilton Hotel at Merchants/Central Ave Pike, which sold for $6.5 million.

If you haven’t yet signed up for Knox County’s Property Fraud Alert program, now is a great time to take a few minutes to enroll. Just visit our web address at: https://alertme.knoxrod.org. You’ll receive an email anytime a document is recorded in your name. So if something fraudulent has been recorded, it can be addressed quickly. The service is FREE to all Knox County property owners, so sign up today!

Have a great weekend!    –  Nick

Nick McBride is register of deeds for Knox County.