Updated Jun 5, 2025
Urban Smart Growth Refinances Multifamily Asset In Pawtucket, RI Through $20.5M Loan From J.P. Morgan
200 Esten Avenue, Pawtucket, RI 02860
$20,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 4, 2022
About this deal
AI
The multifamily property located at 200 Esten Ave in Pawtucket, RI has undergone a refinancing deal. The transaction took place on 01/04/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,500,000
- Address: 200 Esten Ave, Pawtucket, RI
- Market: Pawtucket, RI
The loan for this transaction was provided by J.P. Morgan, while Urban Smart Growth, represented by Lance Robbins and Aaron Iskowitz, acted as the landlord. The brokers involved in the deal were Peter Rotchford, Scott Aiese, and Alex Staikos, who represented JLL.
This refinancing deal was a significant financial transaction for the multifamily property at 200 Esten Ave in Pawtucket, RI. The involvement of J.P. Morgan as the lender and the representation provided by Lance Robbins, Aaron Iskowitz, Peter Rotchford, Scott Aiese, and Alex Staikos highlights the importance of this transaction in the real estate market.
Players
Pawtucket 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93