Madison Realty Capital And Unity Capital Provide $214M Loan For 390 Ocean Avenue Development

The property involved in this transaction is a condo development located at 390 Ocean Avenue - The Atlantic Club in Long Branch. This development comprises 132 units and spans a total of 425,000 square feet.

Summary of transaction details:

• Property Type: Condo Development
• Transaction Amount: $214,000,000
• Lender: Madison Realty Capital & Unity Capital
• Landlord: Roy Stillman, Steve Silverman & Leon Silvera
• Broker Representatives: Robert Verrone, Rich Cooney & Anthony D'Amelio - Iron Hound Management Company
• Loan Type: Construction

This transaction involves key figures, including the landlord trio of Roy Stillman, Steve Silverman, and Leon Silvera, as well as brokerage representation from Robert Verrone, Rich Cooney, and Anthony D'Amelio of Iron Hound Management Company, working on behalf of the landlords to secure financing for the development project.