EVERETT, WA—Johnson Capital, a national real estate capital advisory firm, announces that Neal Churney and Dave Susank in Johnson Capital's Phoenix office have arranged an $8.4 million loan secured by a 112-unit apartment complex.

The property, Hampton Court, was built in 1985 and consists of 28 separate buildings each containing four units. It provides residents with amenities that include: beautifully manicured, park-like grounds; basketball and tennis courts; wood-burning fireplaces; washers and dryers in units; and vaulted ceilings in second floor units. With easy access to the Interstate 5 Freeway, the project is close to a number of amenities including the Paine Field-Snohomish Airport, Walter E. hall Golf Course, Everett Mall, and the Boeing Future of Flight Aviation Center & Museum.

The new loan was a cash-out refinance that was provided by a bank. It has a fixed interest rate in the mid 3% range for the five-year term. The transaction provided the borrowers an opportunity to refinance several existing loans under one loan.