Greystone Provided $17 Million Loan for Philadelphia Property
The multifamily building known as The Keys secured new financing through a Freddie Mac program.
Updated on Sept. 30, 2026 in Commercial
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Greystone has provided a $17.36 million loan to refinance The Keys, a 96-unit multifamily property located in Philadelphia. The building, which features ground-floor retail space, was constructed in 2023.
Why it matters
The financing utilizes the Freddie Mac lending program, which provides capital to support multifamily housing availability in urban markets. This transaction allows the property owner to stabilize the debt on a recently developed asset.
The Keys encompasses 100,508 square feet over five stories and includes 10,000 square feet of ground-floor retail space. The loan for the Philadelphia site was originated by Bryan Grover at Greystone.
The players
Greystone
Greystone is a national commercial real estate lending and investment firm that provides debt financing for multifamily and healthcare properties.
Tay Investments
Tay Investments is a real estate investment firm headquartered in Hackensack, New Jersey, that manages a portfolio of residential and office assets.
Bryan Grover
Bryan Grover is an originator at Greystone who managed the financing for the property.
The details
The property is owned by an affiliate of Tay Investments, a firm based in Hackensack, New Jersey. The building at 7127 Keystone St. serves as a mixed-use development combining residential units with retail frontage.
Timeline
Tay Investments was founded in 2010.
The Keys was constructed in 2023.
The financing announcement was published on September 30, 2026.
Culture Shift
This financing reflects the broader trend of developers seeking institutional capital to stabilize mixed-use properties in urban corridors. It underscores the ongoing reliance on federal programs like Freddie Mac to support the expansion of rental housing stock in cities like Philadelphia.
The infusion of capital ensures the continued operation of the 96-unit complex, preserving the existing supply of rental housing in the area. Local residents may see continued stability in the building's management and the ongoing availability of the ground-floor retail space.
The takeaway
Commercial property refinancing allows owners to manage debt obligations on new developments while maintaining long-term property viability. Investors and residents alike benefit when new buildings secure stable financial backing that prevents maintenance or operational interruptions.
Further reading
For more on local development trends, visit Philadelphia Commercial.
Source note: This article includes information reported by MultifamilyBiz.
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