NEW MILFORD, NJ—Berkadia has secured a $40million loan for the refinancing of BrookchesterApartments, a 752-unit garden style multifamily communityin New Milford, NJ. Senior managing director CharlesFoschini and managing director ChristopherApone of Berkadia's South Florida officearranged the loan on behalf of the borrower, Bal BayRealty.
Berkadia is a joint venture ofBerkshire Hathaway and Leucadia NationalCorporation.
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