Tulfra Realty Secures $44M Loan for NJ Community

Tulfra Realty Co. has secured a $44 million five-year fixed-rate loan for The Delford, a 160-unit luxury apartment community in Rochelle Park, N.J. JLL Capital Markets secured the financing backing the Bergen County property through Nuveen Real Estate.

Located at 120 W. Passaic Street, The Delford is a newly developed Class A apartment community featuring one-, two- and three-bedroom residences. Features and finishes of the apartments include oversized windows and private balconies. The community features 136 market-rate apartment homes, in addition to 24 affordable residences. Common area amenities include outdoor grilling and dining areas.

Suburban property

Rochelle Park is located within the Greater New York Metropolitan Area, 16 miles from New York City. The community‘s location offers access to the city and northern New Jersey and is near many retail and grocery options. The community offers direct access to Manhattan via NJ Transit’s Passaic and Anderson Street train stations.

Two months ago, Garden Communities commenced construction on a 192-unit luxury multifamily community on the site of a former wireless communications facility in New Providence, N.J.