Updated Oct 12, 2026
JK Equities Secures $26 Million Construction Loan From Balbec Capital LP For Industrial Asset In Pawtucket
1 Moshassuck Street
$26,000,000
$162/SF
Building Size
159,562 SF
Asset Type
Industrial
Closing
Jun 5, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 1 Moshassuck Street, Pawtucket, RI, encompassing a total square footage of 159,562. The loan amount secured for this construction project is $26,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Lender: Balbec Capital LP
- Landlord: JK Equities
- Broker: Max Ralby - Newmark
The key individuals involved in this transaction include Max Ralby, representing Newmark, who facilitated the deal alongside Jerry Karlik and Jordan Karlik, indicating a collaborative effort among the parties involved.
On the Map
$26,000,000
$162/SF
Industrial
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Players
Pawtucket 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93