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Jersey Shore Condo Project Closes on $250M Capital Structure
390 Ocean Owner LLC has closed on a capital structure exceeding $250 million for The Atlantic Club, a new oceanfront luxury residential condominium development in Long Branch, NJ. The financing from Madison Realty Capital and Unity Capital was arranged by Iron Hound Management Company.
The Atlantic Club is expected to welcome residents at the end of 2026. Located at 390 Ocean Ave., the dual-tower condo project will deliver 132 one-to-five-bedroom homes, including six penthouses and more than 75,000 square feet of indoor and outdoor amenities. Owners from Stillman Development International, LLC, Surrey Equities and Gotham City Real Estate form the ownership team of 390 Ocean Owner LLC.
“The closing of this capital structure represents a deep validation of the vision, artistic merit and execution capabilities of the development team,” said Roy Stillman, president of Stillman Development International. “There is an untapped demand for a world-class condominium experience here on the Jersey Shore and the project’s sales velocity bears this out.”
- ◦Development
- ◦Financing

