Updated Oct 21, 2026
FINANCEDMultiFamily
Rick Voight Of Crescent Communities Secures $68.7 Million Refinance Loan For Multifamily Asset In Morrisville
917 Athletic Lane
$68,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 15, 2026
About this deal
AI
The transaction involves a multifamily asset located at 917 Athletic Lane in Morrisville. The loan associated with this property amounts to $68,700,000, classified as a refinance loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $68,700,000
- Lender: Walton St Capital
- Borrower: Rick Voight - Crescent Communities
- Title Company: Jim Reichert - Kensington Vanguard
- Date: 10/15/2026
Key individuals involved in this transaction include Rick Voight, representing Crescent Communities as the borrower, and Jim Reichert, who represents Kensington Vanguard as the title company. Walton St Capital served as the lender facilitating the refinance of the loan.
On the Map
$68,700,000
MultiFamily
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Players
Morrisville MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93