Updated Sep 10, 2026
Canyon Partners Provides $67 Million Loan To Kurv Industrial For Refinance In Elizabeth, NJ
667 Kapkowski Road
$67,000,000
$241/SF
Building Size
278,000 SF
Asset Type
Industrial
Closing
Sep 9, 2026
About this deal
AI
The asset involved in this transaction is a 278,000-square-foot Class A industrial property, located at 575-667 Kapkowski Road in Elizabeth, NJ. The property comprises four buildings that were delivered in 2024 and is positioned near prominent logistics hubs, including Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $67,000,000
- Lender: Canyon Partners Real Estate
- Landlord: Steve Poulos - Kurv Industrial
- Broker: Bill Jurjovec - CBRE
- Loan Type: Senior
This transaction features key individuals including Steve Poulos, representing Kurv Industrial, and Bill Jurjovec from CBRE, who facilitated the financing for the deal. Canyon Partners provided the refinancing through a senior loan specifically for the property identified as Kurv Elizabeth.
Players
Elizabeth Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93