Rochelle Park-based Tulfra Real Estate recently announced the closing of a permanent loan for The Delford at Village Center, a 160-unit luxury rental community in Bergen County.
Tulfra CEO Sunny Jumani was obviously thrilled.
“We are grateful for our financing team and their support for our vision to create thriving residential communities,” he said. “This loan marks a significant milestone in our ongoing mission to create top-tier properties that meet the high demand for luxury living in northern New Jersey.”
Located at 120 W. Passaic St. in Rochelle Park, adjacent to the Westfield Garden State Plaza, and minutes to Routes 4 and 17, I-80, and the Garden State Parkway.
The Delford is part of Village Center of Rochelle Park, a mixed-use development including 8,000 square feet of retail and a 100,000 square self-storage facility, which has since been sold to a self-storage operator.
Jumani said The Delford embodies the ‘INside of Living’ philosophy where no detail is left overlooked.
“The Delford has already carved out its place as a premier community for the growing number of young Bergen County professionals,” he said.
Fully leased in record-setting time, The Delford has already proven to be one of the company’s most successful rental projects, Jumani said.
The fixed-rate loan was secured by JLL Capital Markets through Nuveen Real Estate. Representing JLL in the deal were VP Ryan Carroll and senior managing directors Michael Klein and Jon Mikula. JLL Capital Markets previously secured a construction loan for The Delford in 2022.
