The Churney-Susank Team successfully refinanced a seven property portfolio totaling the amount of $170,095,000. These properties include three apartment complexes and four mobile home parks across Central and Southern California, and total 577 mobile home sites and 936 apartment units.
The Churney-Susank Team closed nearly $250,000,000 in total financing during the first half of 2013 throughout California and Arizona.
The Churney-Susank Team has a combined 40 years of experience and $1.5 billion in origination volume in commercial real estate capital markets transactions.
“This group opens up a whole new world of resources and knowledge for our clients. We are all very excited to be working together,” says Dave Susank.
Neal Churney, CCIM has been active in commercial real estate lending for over 15 years and has extensive experience in underwriting and analyzing loans across all major commercial property types. Neal has originated permanent commercial loans for real estate investment and owner-user properties, as well as bridge loans for land acquisition, development and construction.
Susank joined Johnson Capital in 1997 in the Irvine, California, office and moved to the Scottsdale office in 2011. He has originated over $1 billion in commercial real estate loan transactions during his 16 year tenure. Susank currently serves as the Responsible Individual for the Phoenix office with the Arizona Department of Financial Institutions.