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VOL. 121 | NO. 88 | Tuesday, April 25, 2006

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5900 Cedar Forrest Drive
Memphis, TN 38119
Sale Amount: $21.6 million

     Sale Date:     April 12, 2006

     Buyer:     Lynnfield Place Tennessee LLC and Lynnfield Place Memphis LLC

     Seller:     Lynnfield Gardens Associates LLC

     Loan Amount:     $22.4 million

     Loan Date:     April 12, 2006

     Maturity Date:     N/A

     Lender:     Column Financial Inc.

     Details:     Lynnfield Place Apartments on 29 acres on the east side of Lynnfield Road south of Park Avenue. Built in 1974, the complex contains 400 one-, two- and three-bedroom apartments and townhouses in two-story buildings, a tennis court and a clubhouse. Shelby County Assessor's 2006 appraisal was $11.6 million. Lynnfield Gardens Associates purchased the property in November 2003 for $10.2 million.

7941 Winchester Road
Memphis, TN 38125
Sale Amount: $6.1 million

     Sale Date:     April 17, 2006

     Buyer:     Sutter Street Co. LLC

     Seller:     Memtex Development #1 LLC

     Loan Amount:     $3.6 million

     Loan Date:     April 3, 2006

     Maturity Date:     May 1, 2016

     Lender:     Mortgage Electronic Registration Systems Inc. as nominee for Wells Fargo Bank NA

     Details:     A 30,693-square-foot one-story PetSmart store on 3.25 acres on the south side of Winchester Road west of Hacks Cross Road in the Winchester/Hacks Cross Planned Development. Property also contains 203 parking spaces. Shelby County Assessor's 2006 appraisal was $2.4 million.

19 lots in
Rialto Square
Loan Amount: $2.6 million

     Loan Date:     April 3, 2006

     Maturity Date:     April 10, 2007

     Borrower:     David Miller LLC

     Lender:     Regions Bank

     Details:     Construction loan for 19 lots in Rialto Square Subdivision. David Miller LLC purchased the lots April 3 from Mark Matthews Development LLC for $708,000. Rialto Square, which is south of Macon Road between Dexter and Berryhill roads, was approved for 153 lots and eight common areas on 35.24 acres.

1130 Germantown Parkway
Cordova, TN 38016
Loan Amount: $1.6 million

     Loan Date:     March 29, 2006

     Maturity Date:     March 29, 2007

     Borrower:     1130 Germantown Parkway LLC

     Lender:     BancorpSouth Bank

     Details:     A 7,650-square-foot one-story FedEx Kinko's store built in 2000 on .92 acres on the east side of Germantown Parkway. The Shelby County Assessor's 2006 property appraisal was $1.1 million.

563 W. Poplar Ave.
Collierville, TN 38017
Loan Amount: $1.6 million

     Loan Date:     March 29, 2006

     Maturity Date:     March 29, 2007

     Borrower:     The Abbington Center LLC

     Lender:     BancorpSouth Bank

     Details:     A 20,911-square-foot one-story neighborhood shopping center built in 1946 on 12.75 acres on the south side of West Poplar Avenue. The center has three units at 11,456 square feet, 6,893 square feet and 2,562 square feet. The Shelby County Assessor's 2006 property appraisal was $2.3 million.

23.25 acres near
U.S. Highway 64
Sale Amount: $1.6 million (for 20.98-acre parcel); $275,000 (for 2.27-acre parcel)

     Sale Date:     March 22, 2006

     Buyer:     Cobb 64 Investments LLC

     Seller:     Vanderschaaf-Schaeffer Property Venture; Duke Schaeffer, trustee under the Duke Schaeffer Realty Inc. Employees Profit Sharing Trust

     Loan Amount:     $1.7 million

     Loan Date:     March 22, 2006

     Maturity Date:     March 15, 2011

     Lender:     Trustmark National Bank

     Details:     First sale covers 20.98 acres on the southwest corner of U.S. 64 and Cobb Road. Second sale covers 2.27 acres on U.S. 64. Loan secures both parcels, which are zoned for agricultural use.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 90 140 15,764
MORTGAGES 100 162 18,210
FORECLOSURE NOTICES 8 21 2,426
BUILDING PERMITS 194 315 32,829
BANKRUPTCIES 57 116 10,129
BUSINESS LICENSES 25 50 5,228
UTILITY CONNECTIONS 35 64 6,213
MARRIAGE LICENSES 26 50 3,463

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