The Morristown-based commercial real estate mortgage banking firm sourced the 20-year term loan through one of its correspondent lenders on behalf of Tulfra Real Estate and The Hampshire Cos., the joint venture partners behind Molly Brook on Belmont.

Tulfra Real Estate and joint venture partner The Hampshire Cos. announced the milestone July 22. Together, the collaborators invested 10 years in the project situated at the center of a redevelopment zone.

“Our mission is to return value to underperforming properties, and sometimes, the right solution takes some creative thinking,” said President and CEO Sonny Jumani.

The financing will help to bring three additional retail pad sites to the 20-acre development from joint venture partners Tulfra Real Estate and The Hampshire Cos.

Tulfra Real Estate announced the sale of the 37,000-square-foot property, which is situated on 5.5 acres.

With approximately 158,936 housing units and 22,560 new apartments under development within a 3-mile radius, the property offers a rare combination of a perfect location in a major distribution center near a high concentration of residential developments.

Emergence Church purchased the space, from which it runs its services and operates a daycare center, that it has used since 2011 to accommodate its growing congregation.

Desktop Metal signed a five-year agreement for 7,571 square feet at 60 S. Jefferson Road in Whippany.