Berkshire Bank Provides $33.9M Loan for Refinancing of Multifamily Asset in York, Pennsylvania

by Taylor Williams

YORK, PA. — Berkshire Bank has provided a $33.9 million loan for the refinancing of The Oaks and Reserve at Copper Chase, a multifamily property in York. The development consists of the 132-unit Reserve at Copper Chase, which was built in 1983 and renovated in 2019, and the 107-unit Oaks at Copper Chase, which was delivered last year. Amenities include a pool, fitness center, walking trails, playground, clubhouse and a dog park. Drew Fletcher and Paul Fried of Greystone arranged the loan on behalf of the borrower, New Jersey-based Larken Associates.

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