Updated Jul 22, 2026
Pacific Coast Capital Partners Provides $51.8 Million Refinance Loan For Everly At Morrison Ranch
4353 East Elliot Road
$51,800,000
Units
236
Asset Type
MultiFamily
Closing
Jul 21, 2026
About this deal
AI
Everly at Morrison Ranch is a 236-unit Class A multifamily community located at 4353 East Elliot Road, Gilbert, Arizona. The property is completed in 2025 and currently 97% leased, consisting of 36 garden-style buildings that offer a variety of indoor and outdoor resident amenities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $51,800,000
- Lender: Aaron Giovara - Pacific Coast Capital Partners
- Landlord: Stephen J. Mastor - Phoenix Capital Management LLC
- Landlord: Justin Steltenpohl - The P.B. Bell Companies
- Loan Type: Refinance
PCCP provided a $51.8 million senior refinancing loan to a joint venture between Phoenix Capital Management and P.B. Bell for the property, facilitating the continued operation and management of this multifamily asset within the Gilbert market.
On the Map
$51,800,000
MultiFamily
View full map
Players
Elliot MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Arizona multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93