Madison Realty Capital, Cottonwood Group Provide $211M Construction Loan in N.J.

Somerset Development has secured $211 million in construction financing to build LIDO Asbury Park, an eight-story, 112-unit luxury condominium on the oceanfront of Asbury Park, N.J., according to a release. Madison Realty Capital and Cottonwood Group provided the construction debt. No broker was listed on the transaction. “Few sites on the Jersey Shore offer the […]