Nuveen Real Estate Provides $44 Million Loan For Tulfra Realty Company's 160-Unit Multifamily Asset

The Delford is a luxury multifamily apartment complex located at 120 West Passaic Street in Rochelle Park, NJ, featuring 160 units and supported by a financing amount of $44,000,000. The asset is characterized by low vacancy rates and high demand, situated only 16 miles from New York City, offering top-tier amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $44,000,000
• Market: Rochelle Park
• Lender: Nuveen Real Estate
• Landlord: Tulfra Realty Company
• Brokers: Jon Mikula, Michael Klein & Ryan Carroll - JLL
• Loan Terms: five-year

JLL Capital Markets facilitated the financing for this transaction, highlighting the key roles of Jon Mikula, Michael Klein, and Ryan Carroll in representing the stakeholders involved. The financing was secured for The Delford, emphasizing its strong positioning in the real estate market.