Brookchester Apartments, 915A River Road, New Milford, NJ Brookchester Apartments, 915A River Road, New Milford, NJ

NEW MILFORD, NJ—Berkadia has secured a $40 million loan for the refinancing of Brookchester Apartments, a 752-unit garden style multifamily community in New Milford, NJ. Senior managing director Charles Foschini and managing director Christopher Apone of Berkadia’s South Florida office arranged the loan on behalf of the borrower, Bal Bay Realty.