Jersey Shore Project Gets $214 Million in Debt Financing
Bloomberg reported that Stillman Development International has secured more than $214 million in debt financing from Madison Realty Capital and Unity Capital to build the Atlantic Club, a luxury oceanfront project in Long Branch, New Jersey. The 130-residence project started sales in late 2023, and recently notched a record with a penthouse transaction going for $5.95 million — the most expensive condo sale in New Jersey’s Monmouth County, according to Stillman. The project will feature two residential towers and more than 75,000 square feet (6,970 square meters) of indoor and outdoor amenities. The project is expected to open to residents at the end of 2026. The residences range from one-to-five-bedroom units. Amenities include a yoga studio, music practice room and business center.
