News
October 9, 2024
Tulfra Secures Permanent Loan for The Delford, Fully-Leased Luxury Rental Community in Rochelle Park, New Jersey
Building is 100% leased just a few months after opening
ROCHELLE PARK, N.J. — Tulfra Real Estate, a Rochelle Park, New Jersey-based real estate and development company, announced the closing of a permanent loan for The Delford at Village Center, a 160-unit luxury rental community.
Fully-leased in record-setting time, The Delford has already proven to be one of the most successful rental projects in Bergen County, New Jersey.
The fixed-rate loan was secured by JLL Capital Markets through Nuveen Real Estate. Representing JLL in the deal were Vice President Ryan Carroll and Senior Managing Directors Michael Klein and Jon Mikula. JLL Capital Markets previously secured a construction loan for The Delford in 2022.
“We are grateful for our financing team and their support for our vision to create thriving residential communities,” said Sonny Jumani, President and CEO of Tulfra Real Estate. “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 embodies the ‘INside of Living’ philosophy where no detail is left overlooked.
Each one- or two-bedroom unit is adorned with high-end finishes such as stainless steel appliances, oversized windows, and private balconies. Residents enjoy access to a breathtaking resident lounge, outdoor pool, a state-of-the-art fitness center, a coworking lounge, bicycle storage, and outdoor grilling and dining areas, places to build community with their neighbors.
“The Delford has already carved out its place as a premier community for the growing number of young Bergen County professionals,” said Jumani.
Tulfra Real Estate, a leading New Jersey redeveloper, has earned a reputation for its exceptional ability to revitalize underperforming sites—specializing in transforming areas into thriving residential and commercial communities.
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.