A Durham student-oriented multifamily property that’s a 10-minute walk from the center of the University of New Hampshire campus secured $46 million in refinancing last month.

Madbury Commons was built in 2015 and holds 524 student beds across 126 fully furnished residential units.

Amenities include a fitness center and 45,000 square feet of commercial space on the ground level.

New York City-based real estate finance company Greystone provided the 10-year, fixed-rate loan with full-term interest-only payments on the property developed by Massachusetts-based Madbury Capital.

“Greystone is committed to executing on transactions that enable our clients to provide quality housing in markets with extremely high demand—as is the case with student housing in many college towns across the country,” Jesse Yodice, a member of the Greystone team that worked on the loan, said in a statement. “Our comprehensive multifamily lending platform allowed us to structure a solution through Freddie Mac at terms that reflect both the strength of the sponsorship and the performance of this unique property.”