Philadelphia Multifamily Property Refinanced for $17 Million

The owner of The Keys secured new financing to support the 96-unit residential building in Philadelphia.

Updated on Sept. 30, 2026 in Commercial

Bold vector editorial illustration of a modern five-story brick apartment building with ground-floor retail, set against a clear blue sky. — The Keys, a 96-unit residential building in Philadelphia, secured a $17.36 million Freddie Mac loan to refinance its recent construction. AI Illustration. Upload story photo >

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The Keys, a 96-unit multifamily property in Philadelphia, has secured a $17.36 million loan to refinance the building. The project, which also includes 10,000 square feet of retail space, was completed in 2023.

Why it matters

Securing long-term financing for recently constructed properties like The Keys is a key step in managing debt obligations for multifamily owners. This refinancing move ensures continued operation for the 96 residential units and ground-floor retail space.

The property secured $17,362,000 in financing through the Freddie Mac program. The 96-unit complex sits on a 100,508-square-foot footprint that also supports 10,000 square feet of ground-floor retail.

The players

Greystone

A financial firm that provides debt, equity, and advisory services for multifamily and commercial real estate properties.

Tay Investments

An investment firm headquartered in Hackensack, New Jersey, that holds a portfolio of residential and office real estate.

The details

Greystone originated the $17.36 million Freddie Mac loan for The Keys to refinance the five-story property. The building, constructed in 2023, represents a significant asset for the owner, an affiliate of Tay Investments. This transaction leverages the Freddie Mac multifamily lending platform to stabilize the financial structure of the 96-unit residential and retail site.

2010: Tay Investments was founded.
2023: The Keys was constructed.
September 30, 2026: The financing announcement was published.

Money Landscape

The use of the Freddie Mac Multifamily lending program remains a standard approach for refinancing newly constructed residential assets. This transaction aligns with broader efforts to stabilize debt structures for modern, high-density residential properties.

Property owners and investors in Philadelphia should track how refinancing trends impact local residential inventory availability. Decisions regarding property debt and capital structure are complex and should be discussed with a qualified financial professional.

The takeaway

Large-scale refinancing helps ensure long-term stability for multifamily assets in growing urban markets. Homeowners and investors should monitor how major financing deals in their area reflect broader trends in credit availability for residential real estate projects.