Updated Dec 22, 2025
Benedict Canyon Equities Secures $53 Million Refinance Loan On 344-Unit Multifamily In Phoenix
6751 West Indian School Road
$53,000,000
Units
344
Asset Type
MultiFamily
Closing
Dec 22, 2025
About this deal
AI
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.
On the Map
$53,000,000
MultiFamily
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Phoenix MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93