$30.49M largest loan of week

SDNL Holdings LLC purchased the apartment buildings from 4th & Gill GP for $1.97 million.

What a hot week it has been! Friday marked the beginning of summer, and it is off to a blazing start so far. Concerning property records though, last week was slightly cooler than the week prior. During the week of June 16-20, a total of 1,308 documents were recorded. This represents 150 fewer recordings than the week prior.

Trust deeds (loans) accounted for 305 documents, worth a combined value of $144.2 million. Thirteen mortgages exceeded $1 million. Colliers Mortgage LLC funded a loan for $30.49 million, which was the largest of the week. JP Morgan Chase N A, ORNL Federal Credit Union, and First Horizon Bank all had multiple high-value loans on the list for the week. JP Morgan backed the second largest loan at $17.2 million and another for $2.3 million. ORNL funded one loan for $6 million and one for $2.2 million. First Horizon backed one worth $1.3 million and another at $1.28 million. The other high value loans are below:

Property transfers recorded on warranty deeds made up 218 recordings with a combined value of $92.25 million. Like the loans, 13 came in with prices over $1 million. However, only two of them were commercial transactions this week. This means 11 residential properties sold for over $1 million!

In the first commercial sale, a private party sold 13 rental properties around town to God Family Country LLC for $1.15 million. The other transaction involved two buildings on N. 4th Avenue. SDNL Holdings LLC purchased the apartment buildings from 4th & Gill GP for $1.97 million.

The annual comparison chart has been updated as of June 20:

Now is a great time to gain peace of mind from fraudulent activity related to your property deed. Simply sign up for the free Property Fraud Alert program offered to Knox County property owners. You’ll receive an email notification ONLY if documents are recorded in your name, allowing you to respond quickly if needed. To enroll go to alertme.knoxrod.org.

Have a great weekend!    –  Nick

Nick McBride is register of deeds for Knox County.