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PCCP provides $51.8 million senior loan to refinance Everly at Morrison Ranch
The $51.8 million refi covers Everly at Morrison Ranch, a 236-unit Class A community built in 2025 that is 97% leased.
PCCP has provided a $51.8 million senior loan for the refinance of Everly at Morrison Ranch, a 236-unit Class A multifamily property in Gilbert.
The financing supports a joint venture between Phoenix Capital Management and P.B. Bell, according to ConnectCRE. Everly Morrison Ranch is a garden-style community built in 2025 and currently 97% leased.
The development at 4353 E. Elliot Road includes 36 two-story buildings, with an average unit size of 986 square feet. Its unit mix consists of one-bedroom units at 31%, two-bedroom units at 57%, and three-bedroom units at 12%.
Amenities highlighted for the property include an outdoor pool and spa area, a 24-hour fitness center, a dog spa, and a clubhouse with private work and conference spaces, plus gaming and entertainment features. Indoor and outdoor spaces also include a dog park and a neighborhood-themed tot lot.