ATM King: Fire Sale - New Jersey Beachhouse Hits the Market
ATM King: Royally Screwed
Fire Sale: Heller & Leaman's New Jersey Beach House Listed for $6.7 million
In August 2022, Daryl Heller and Randall Leaman, owner and CEO of Paramount Management, respectively, co-purchased a beautiful beachside home in Sea Isle, New Jersey. According to the arrangement, Heller would own 76% interest in the residence with Leaman owning the remaining 24%. The total cost of the house amounted to $5,725,000. The timing of this purchase is interesting, it occurred just days after Heller made his initial pitch to purchase the remaining stake in Blackford Holdings from the Richard Welkowitz estate (for $13.8 million).
On January 14, 2025, the house was listed for $6.7 million. Take a look at all of the amenities that Heller and Leaman enjoyed using investor money, then reflect on this: Through all of Heller and Leaman's (and Paramount's) financial issues and inability/unwillingness to repay creditors, they always made sure that New Jersey house was paid for.
Images of the New Jersey beach house for sale - from Zillow
View the purchase paperwork
Welcome to Sea Isle, New Jersey
