Bluestone Glen planned

for Holmes Road area

CMCS LLC, a Tennessee limited liability company, financed $1.3 million through National Bank of Commerce, securing the loan with 20.2 acres near Cherokee Rose Lane and Holmes Road, according to a trust deed filed in the Shelby County Registers Office July 29.

Charlie McCrory, chief manager for CMCS, said the land is being developed into a single-family residential subdivision to be called Bluestone Glen.

Its kind of a small subdivision; it has 48 lots, McCrory said.

The lots have an average size of 10,000 square feet, in keeping with whats down there right now, he said.

Congregation makes new home

on Shelby Drive

Nathan Seal Lavell Lee, Felix Smith, Bob Bullock, Roy Caldwell, Frank Panzrino, James E. Wilson, Tony Graham and Johnny Watts, trustees of the Revolving Loan Fund of the Baptist Missionary Association of Mississippi, purchased 11.1 acres at 7288 E. Shelby Drive from Covenant Presbyterian Church Inc. for $1.2 million, according to a warranty deed filed in the Shelby County Registers Office Aug. 4.

Rayburn Freeman, the associations director of missions, said the group purchased Covenants property for Cornerstone Institutional Baptist Church, currently meeting on Hacks Cross Road.

Cornerstone pastor Brodie Johnson said the new site is bigger than the churchs current location.

Its a much larger property, Johnson said. We needed additional room to help support our ministries.

Rivergate Terminal Co. LP, a Tennessee limited partnership, financed $3 million through First Tennessee Bank National Association, securing the loan with 25.5 acres at Riverport and Rivergate roads, according to a trust deed filed in the Shelby County Registers Office July 29.

Lighthouse Fellowship Assembly of God financed $1.2 million through Patriot Bank, securing the loan with 6.1 acres at Shelby and Epperson Mill roads, according to a trust deed filed in the Shelby County Registers Office July 30.

Danny and Saralyn Weiss financed $1.2 million through First Tennessee Bank National Association, securing the loan with one lot in The Cloisters, part of River Oaks Planned Development, according to a trust deed filed in the Shelby County Registers Office July 30.

Hong Do and Dai Tong purchased improved property at 6390 U.S. Highway 70 in Bartlett from Dimension III Investments LLC, a Tennessee limited liability company, for $2 million, according to a warranty deed filed in the Shelby County Registers Office July 30.

Jason Crews Partnership, a Tennessee general partnership, purchased two parcels of land at 648 Riverside Drive from Alfred Wayne McMillin for $1 million, according to a warranty deed filed in the Shelby County Registers Office July 30.

SGMP Equity Fund I LP, an Arizona limited partnership, purchased land at 7777 Moriarty Road in Cordova from SUSA-TN LLC, a Delaware limited liability company, for $1.6 million, according to a special warranty deed filed July 31 in the Shelby County Registers Office. In a related transaction, SGMP Equity Fund I financed $1.3 million through Greenwich Capital Financial Products Inc., a Delaware corporation, according to a trust deed filed in the Shelby County Registers Office the same day.

SGMP Equity Fund I LP, an Arizona limited partnership, purchased land at 6390 Winchester Road from SUSA-TN LLC, a Delaware limited liability company, for $1.1 million, according to a special warranty deed filed July 31 in the Shelby County Registers Office.

SGMP Equity Fund I LP, an Arizona limited partnership, purchased land at 4705 Winchester from SUSA-TN LLC, a Delaware limited liability company, for $1.6 million, according to a special warranty deed filed in the Shelby County Registers Office July 31. In a related transaction, SGMP Equity Fund I financed $1.3 million through Greenwich Capital Financial Products Inc., according to a trust deed filed in the Shelby County Registers Office the same day.

SGMP Equity Fund I LP, an Arizona limited partnership, purchased land at 5141 American Way from SUSA-TN LLC, a Delaware limited liability company, for $1.4 million, according to a special warranty deed filed in the Shelby County Registers Office July 31. In a related transaction, SGMP Equity Fund I financed $1.2 million through Greenwich Capital Financial Products Inc., according to a trust deed filed in the Shelby County Registers Office the same day.

Champion Memphis Realty LLC, a Tennessee limited liability company, financed $1 million through Bank One National Association, securing the loan with land in the Interstate 40 Business Center Planned Development, according to a trust deed filed in the Shelby County Registers Office July 31.

Terry and Terry Inc., a Tennessee corporation, financed $1.2 million through AmSouth Bank, securing the loan with two lots in the Sanga Grove Subdivision and three lots in the Castle Rock Planned Development, according to a trust deed filed in the Shelby County Registers Office July 31.