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KeyBank Secures $35.2M Loan for Refinancing of Multifamily Asset in Birmingham

The Retreat at Greystone in Birmingham, Ala., features grilling stations, a fitness center and a swimming pool.

The Retreat at Greystone in Birmingham, Ala., features grilling stations, a fitness center and a swimming pool.

BIRMINGHAM, ALA. — KeyBank Real Estate Capital has closed a $35.2 million Freddie Mac loan for the refinancing of Retreat at Greystone, a 312-unit multifamily community in Birmingham. Caleb Marten and Chris Black of KeyBank originated the seven-year loan with a 30-year amortization schedule on behalf of the undisclosed borrower. Constructed in three phases between 2015 and 2016, the property includes 26 two-story apartment buildings. Community amenities include grilling stations, a fitness center and a swimming pool.

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