Land Investments

Temecula, California
99 Substantially Finished Lots
A discounted note was purchased directly from lender. The foreclosure process has been completed and the land is now owned in fee. The underlying lots are part of a large master-planned community. The final map is recorded and the improvement plans are approved. The grading is substantially complete and various segments of backbone improvements have been installed. The land is being held for investment.

Elk Grove, California
191 Substantially Finished Lots and 31 Partially Completed Homes
A discounted note was purchased directly from lender. The property is part of a gated, master-planned community. The project is entitled with the majority of the horizontal improvements complete. After the acquisition of fee title, all of the partially-built homes were completed and sold. The land is being held for investment.

Bakersfield, California
137 Entitled Lots
Distressed land was purchased directly from the home builder. This project currently has an approved Tentative Tract Map. The land is being held for investment until the market recovers, allowing for a sale to a third party merchant builder.

Kerman, California
67 Finished Lots
A discounted note was purchased directly from lender. The lots are finished and the project has a recorded final map. The land is being held for investment until the market recovers, allowing for a sale to a third party merchant builder.

Madera, California
113 Finished Lots and Partially Finished Lots
A discounted note was purchased directly from lender. The project has a recorded final map. Eighty lots are finished, while grading is substantially complete and various segments of backbone improvements have been installed on the remaining thirty-three lots. The land is being held for investment until the market recovers, allowing for a sale to a third party merchant builder.

La Quinta, California
74 Partially Finished Lots
A discounted note was purchased directly from lender.  The property is partially improved with the completion of rough grading and major storm drain improvements. All of the entitlements are in place with a final map ready to be recorded. All engineering is approved. The land is being held for investment until the market recovers, allowing for a sale to a third party merchant builder.

Fontana, California
17.8 Acres Entitled for 201 Units
A note was purchased directly from the lender. The project has an approved Tentative Tract Map plus improvement plans in various stages of completion. The property is currently unimproved with the exception of a two-lane road which bisects the property and will most likely be relocated. The proposed project is currently planned for 201 attached units comprised of 39, two-story buildings, plus a recreational building. The land is being held for investment until the market recovers, allowing for a sale to a third party merchant builder.

Sacramento, California
531 Partially Improved Lots
The land was purchased directly from the lender. The site grading is complete and the project has an approved tentative map. The land is being held for investment until the market recovers, allowing for a sale to a third party merchant builder.

 

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