Real estate market still hot
August is ending and this week we are all gearing up for UT’s football season to start Thursday night, Sept. 2, against Bowling Green. I know it will be a great season for Coach Heupel, the staff and the players.
As for real estate, while we were busy recording the 1,945 documents that arrived at our office, this number is down just a bit from the previous weeks. Still, recording close to 2,000 documents in a week shows that the market is still hot and interest rates are still low.
During the last full week of August, 577 Trust Deeds (loans) were recorded with nine of those topping a million dollars. The largest loan of the week, $50.69 million, was funded by Citibank National Association. No other loan even came close to that number, but Pinnacle Bank did fund two different loans over a million with a grand total of $5.6 million. Arbor Realty SR Inc. funded the third largest…