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Benedict Canyon Equities Secures $53 Million Refinance Loan On 344-Unit Multifamily In Phoenix

Property Image
FINANCED
$53,000,000

Arizona

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MultiFamily
Financed 12/22/2025
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Property Image
FINANCED

Benedict Canyon Equities Secures $53 Million Refinance Loan On 344-Unit Multifamily In Phoenix

6751 West Indian School Road

See Similar Deals
MultiFamily
Financed 12/22/2025
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 6751 West Indian School Road in Phoenix, AZ. The property encompasses a total of 344 units across 16.37 acres. The loan amount associated with this asset is $53,000,000, with the loan categorized as a refinance.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $53,000,000
  • Loan Type: Refinance
  • Lender: KeyBank Real Estate Capital
  • Landlord: Benedict Canyon Equities
  • Brokers: Paul Angle & Brian Kuhn - KeyBank

The key individuals and companies involved in this transaction include KeyBank Real Estate Capital as the lender, facilitating the refinance for Benedict Canyon Equities, the landlord of the multifamily property. The brokers representing the deal are Paul Angle and Brian Kuhn from KeyBank.

Players

PA
2 deals$68.3M volume
BROKER


KeyBank
LENDER

Details

FINANCED
IMAGE: 12/22/2025 ADDRESS: 6751 West Indian School Road MARKET: Phoenix, AZ ASSET TYPE: MultiFamily ~ UNITS: 344 ~ ACRES: 16.37 LENDER: KeyBank Real Estate Capital LANDLORD: Benedict Canyon Equities BROKERS: Paul Angle & Brian Kuhn - KeyBank LOAN AMOUNT: $53,000,000 LOAN TYPE: Refinance NOTE: KeyBank Real Estate Capital secured a $53 million non-recourse first mortgage loan for Benedict Canyon Equities to refinance Morada Rise, a 344-unit apartment complex in Phoenix. The 10-year loan features a 5-year interest-only period followed by a 35-year amortization, with financing arranged by Paul Angle and Brian Kuhn.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$53,000,000.00

Monthly NOI$353,333.33
Monthly Debt Service$334,996.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00