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200 Esten Avenue, Pawtucket...

Updated Jun 5, 2025

Urban Smart Growth Refinances Multifamily Asset In Pawtucket, RI Through $20.5M Loan From J.P. Morgan
FINANCEDMultiFamily

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

Alex Staikos

JLL

Broker

$5.7B

vol

38 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender

Lance Robbins

Urban Smart Growth

Landlord

$38.8M

vol

2 deals

Landlord

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

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