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ROCHELLE PARK, N.J. — JLL Capital Markets has arranged $44 million in financing for The Delford, a 160-unit community in the New York City suburb of Rochelle Park. JLL represented the borrower, Tulfra Real Estate, to secure the five-year, fixed-rate loan through Nuveen Real Estate. Michael Klein, Jon Mikula and Ryan Carroll led the JLL Capital Markets Debt Advisory team.
Situated at 120 W. Passaic St., The Delford offers one-, two- and three-bedroom floor plans. The unit mix includes 136 market-rate units and 24 affordable units. Income restrictions for the affordable units were not disclosed. Community amenities include an outdoor pool, grilling and dining areas, coworking lounge, bicycle storage and fitness center.