Real Estate
Jersey Shore Project Gets $214 Million in Debt Financing
- New condo development is located on Long Branch’s waterfront
- Penthouse sale at $5.95 million recently set a local record
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A luxury condo project on the Jersey Shore secured more than $250 million in debt and equity financing as the developers seek to build more than 130 residences.
The financing deal for the Atlantic Club includes $214 million in debt from Madison Realty Capital and Unity Capital to build the oceanfront project in Long Branch, New Jersey, according to Roy Stillman, president of Stillman Development International.