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9/24/12
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Neal Churney, CCIM, Senior Vice President in Johnson Capital’s Phoenix office, has this quarter closed eight different financing transactions totaling $25 mil for eight different property owners. The properties are a combination of office, multifamily and industrial and they are all located in the greater Phoenix area.
Multifamily properties accounted for six of the transactions with loan terms ranging from two to ten years. The largest of the loans was for $7.55 mil, secured by a 196-unit apartment complex built in 1999. One of the debt placements was for an office property, located on Central Ave in Phoenix, for which Churney arranged a $2.8 mil refinance loan.
Commenting on the activity level, Churney said, “I continue to see increased investor interest in this region, which is good news for our office, since there aren’t many firms like ours in the Phoenix area, with our range of lending relationships, who can deliver for the borrower like we can.”
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