In the final week of July 2025, the office recorded 1,498 documents. Included in the total were 374 loans, or trust deeds, with a combined value of $132.99 million. The highest-value loan of the week was $25.52 million, funded by Citizens National Bank for the purchase of the Crown Plaza Hotel on Summit Hill Drive. That property was also the most expensive property transfer of the week which we will visit again in a minute. The next largest loan, valued at $6 million, was funded by Encore SFR Finance, LLC. Community Trust Bank backed the third largest loan for $3.5 million. The other loans over $1 million are as follows:
The 244 property sales (warranty deeds), which had a total value of $142.69 million, included 12 that exceeded $1 million. The most expensive was the Crown Plaza Hotel on Summit Hill Drive. Knoxville Hotel Associates, LLC, sold the hotel to Sachchidanand Hotel Summit LLC for $30.30 million. Over the years, the Crown Plaza Knoxville has won prestigious awards for its excellence in hospitality and its management team.
Another high-value sale was 909 Osprey Point Lane. Located near the intersection of Northshore Drive and Pellissippi Parkway, the 2-acre lot with a retail center was sold by a private party to VSC Investments, LLC for $5 million.
Café International, LLC sold nine properties in Northeast Knox County to The Preserves, LLC. Three are on Loves Creek Road, two in the Beverly Park area, two on Rifle Range Road, one on Ridgeview Road, and one on Shannon Lane. They sold for a cumulative $3.7 million.
Pinnacle Bank at S. Campbell Station Road and Brooklawn Street in Farragut changed hands. PNB TN Portfolio Owner, LLC sold to FLM & M, LLC for $2.2 million…