Past Investments

Property Chapel Cove Trust Deed Investment Trust Deed Investment Please click to see the larger photos
City: San Rafael, CA
Status: Repaid
Term: 24 Months
LTV: 78%
Interest to Participants: 10.50%
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This $2,800,000 loan was a second priority loan secured by a residential development property in San Rafael, CA.

The Details:

  • Chapel Cove LLC was approved to build 13 market rate homes and two affordable units on 8.5 acres in the Peacock Gap neighborhood beside Richardson Bay in San Rafael.
  • The market rate homes varied in size from 3,700 square feet to 4,300 square feet.
  • The borrower contributed $1,000,000 toward the property acquisition.