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Editorial Results (free)

1. Frayser Apartments Again Bought Out of Foreclosure -

An entity called MRC Memphis LLC has paid $1.2 million for the Whitney Manor and Frayser Manor apartment complexes in Frayser, following a foreclosure of the properties.

2. Troubled Frayser Apartment Complexes Land New Owner -

3081 St. Charles Drive
and 931 Frayser Blvd.
Memphis, TN 38127

Sale Amount: $2.2 Million
Sale Date: July 22, 2009
Buyer: Group 40 LLC
Seller: Whitney Frayser Manor Memphis LLC
Loan Amount: $1.5 million
Loan Date: July 21, 2009
Maturity Date: July 1, 2012
Lender: Madison Realty Capital LP

3. Foreclosed Apartments Find New Owner -

The bank that bought the Whitney Manor and Frayser Manor apartment complexes in Frayser out of foreclosure has sold the properties to a Connecticut-based entity called Group 40 LLC. The $2.2 million sale closed in late July.

4. Neuvo Salon Files Permit For New East Memphis Location -

5158 Wheelis Drive
Memphis, TN 38117
Permit Amount: $712,367

Project Cost: $712,367
Permit Date: Applied May 2009
Completion: March 2010
Owner: Neuvo Salon
Tenant: Neuvo Salon
Contractor: Construction Solutions LLC
Architect: Thoda and Associates PLLC

5. Frayser Apartments Sold Back to Bank -

The Whitney Manor and Frayser Manor apartment complexes in Frayser have been sold back to the bank that owned the note on them, Madison Realty Capital LP, for a combined $1.2 million following a foreclosure. Whitney Frayser Manor Memphis LLC, a local entity related to the lender, bought the properties April 6 from successor trustee Charles S. Sanger on the courthouse steps.

6. Frayser Apartments Face Foreclosure Sale -

The owner of the Whitney Manor and Frayser Manor apartment complexes in Frayser has been foreclosed, and both properties will be sold on the courthouse steps April 6, according to a notice on Page 39 of today’s print edition of The Daily News, and also at The Daily News Online, www.memphisdailynews.com.

7. Frayser Apartments SoldTo Connecticut Investor -      Two Frayser apartment complexes have sold to a Connecticut investor for $2.6 million.
     Whitney Manor Apartments at 1520 Whitney Ave. and Frayser Manor Apartments at 931 Frayser Blvd. were