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Meridian arranges $186M construction loan for Asbury Park condo project

Source: ROI-NJ · Jul 20, 2026, 6:18 AM

AI-assisted briefing from the publisher’s public headline and excerpt — not original reporting. How we write briefings

Rendering of Lido Oceanfront Residences luxury condominium development planned for Asbury Park beachfront

Meridian Capital Group secured $186 million in construction financing for Lido Oceanfront Residences, a luxury condominium development at Asbury Park's beachfront.

The loan, provided by Madison Realty Capital, was arranged for Inspired by Somerset Development. Meridian professionals David Bollag and James Darling facilitated the financing for the project located at 1201 Ocean Avenue, marking a significant investment in Asbury Park's ongoing waterfront revitalization efforts.

Key points

  • Meridian Capital Group arranged $186 million construction financing for Lido Oceanfront Residences luxury condo project
  • Madison Realty Capital provided the loan to Inspired by Somerset Development
  • Project is located at 1201 Ocean Avenue on Asbury Park's beachfront
  • David Bollag and James Darling from Meridian facilitated the financing arrangement
  • Development represents continued investment in Asbury Park waterfront revitalization

FAQ

What is Lido Oceanfront Residences?
Lido Oceanfront Residences is a luxury condominium development planned for Asbury Park's beachfront at 1201 Ocean Avenue, financed through a $186 million construction loan.
Who arranged the financing for this project?
Meridian Capital Group arranged the construction financing, with David Bollag and James Darling serving as the primary facilitators from Meridian.
Who is funding the construction loan?
Madison Realty Capital provided the $186 million construction financing for the project.

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