390 Ocean Owner LLC has successfully secured a capital structure of over $250 million for The Atlantic Club, an upscale residential condominium development located in Long Branch, NJ. The financing was provided by Madison Realty Capital and Unity Capital and arranged by Iron Hound Management Company.
Expected to be completed at the end of 2026, The Atlantic Club will offer 132 luxurious homes ranging from one to five bedrooms. This includes six penthouses and over 75,000 square feet of indoor and outdoor amenities. Ownership is comprised of Stillman Development International, LLC., Surrey Equities, and Gotham City Real Estate under the entity name 390 Ocean Owner LLC.
President Roy Stillman expressed his excitement about the successful closing: “This capital structure serves as a strong validation of our team’s vision, artistic excellence,and ability to execute this project.” He also noted that there is high demand for world-class condominiums on the Jersey Shore which has been reflected in strong sales numbers for this project so far.
Overall,the closure marks another milestone achieved by Jersey Shore Condo Project as it moves forward towards completion with confidence backed up by solid financial support from reputable sources such as Madison Realty Capitaland Unity Capital.
