CALIFORNIA-Johnson Capital says Dave Susank and Neal Churney in Johnson Capital's Phoenix office have arranged $174 million in financing for a portfolio of seven different multifamily and mobile home park properties located in California.
The portfolio consists of three multifamily properties containing 936 units and another four mobile home park properties containing 577 pads. The class A apartments and five-star parks are located in various “A” locations throughout Northern and Southern California.
The borrower, Rutherford Investments, is a major regional investor and operator of multifamily and mobile home park properties throughout California. Its strategy is to purchase high-quality properties in excellent locations and maximize value by utilizing their “best-in-class” management expertise.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
