Pacific Coast Capital Partners Provides $51.8 Million Refinance Loan For Everly At Morrison Ranch
4353 East Elliot Road
$51,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 21, 2026
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.
Players
Elliot 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93