Greystone has provided a $17,362,000 loan to refinance The Keys, a 96-unit multifamily property with ground-floor retail space in Philadelphia, Pennsylvania. The financing was originated by Bryan Grover at Greystone.
The Keys is located at 7127 Keystone St. in Philadelphia and consists of a five-story, 100,508-square-foot building constructed in 2023. The property includes 96 multifamily units and 9,549 square feet of retail space. The property offers a mix of studio, one-bedroom and two-bedroom residences, as well as amenities that include a fitness center, game room, co-working space, package room, bike room, roof deck and covered parking. The property also benefits from a Philadelphia real estate tax abatement.
“The Keys is a high-quality multifamily asset with strong occupancy, and Freddie Mac financing was an excellent fit for the property,” said Mr. Grover. “Greystone’s deep Agency lending capabilities enable us to deliver efficient, long-term financing solutions that help our clients execute their business plans and position their properties for continued success.”
For more information about The Keys or Tay Investments visit https://www.liveatthekeys.com/ or https://www.tayinvestments.com/.