Wenco Files Construction Loan for Volvo of Memphis
December 09, 2013
7910 Trinity Road
Cordova, TN 38018
Loan Amount: $4.2 million
Loan Date: Nov. 7, 2013
Maturity Date: n/a
Borrower: Wenco Properties LLC
Lender: Wells Fargo Bank NA
Details: Wenco Properties LLC has filed a $4.2 million construction loan through Wells Fargo Bank for the Volvo of Memphis dealership it is building at 7910 Trinity Road in Cordova.
The Nov. 7 deed of trust, assignment of rents and leases, security agreement and fixture filing comes a few months after Wenco filed a $3.5 million building permit application with the city-county Office of Construction Code Enforcement for the project.
Ernest Norcross, who owns Volvo of Memphis, signed the trust deed as manager of Wenco Properties.
The dealership is going on 5.7 acres on the north side of Trinity Road just west of its intersection with North Germantown Parkway. It is being built under Volvo Cars North America’s new design standard, called Volvo Next Face.
Volvo of Memphis will vacate its current location on Covington Pike and move into the new facility next summer.
Grinder, Taber & Grinder is the general contractor for the project, and Fleming Associates Architects PC is the architect of record.