NEW YORK, NY - Greystone, a leading national commercial real estate finance company, 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 comprises 96 multifamily units and nearly 10,000 square feet of ground-floor retail space, offering a mix of studio, one-bedroom and two-bedroom residences. Apartments feature in-unit laundry, stainless steel appliances, recessed lighting and open layouts. Community amenities include a fitness center, game room, co-working space, tenant lounge, package room, bike room, a landscaped roof deck and covered parking, and the property is pet friendly. The Keys sits near the Cottman Avenue interchange, offering convenient access to I-95 and the Delaware Expressway, is a short walk from SEPTA's Tacony station, and benefits from a Philadelphia real estate tax abatement.
The Keys is owned by an affiliate of Tay Investments, a private equity real estate development firm founded in 2010 and headquartered in Hackensack, New Jersey. Tay specializes in self-developed Class A build-to-rent multifamily assets in high-demand, transit-accessible locations across New Jersey and Pennsylvania. The firm's portfolio spans 22 investments across North America and Europe, encompassing over 1,550 residential units and approximately 300,000 square feet of office space, with an aggregate market value more than $475 million.
The transaction reflects Greystone's ability to deliver efficient, long-term financing solutions that help clients execute their business plans and position their properties for continued success.
"The Keys is a well-designed and well-located asset with strong occupancy — exactly the quality you expect from Yuval Shram and the Tay Investments team," said Mr. Grover. "Yuval builds an exceptional product and is a terrific partner. I always enjoy working with him."
About Greystone: Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com