HOMEFED CORPORATION
DISCOVERY CALIFORNIA, LLC
$103.2M
FIRST DEED OF TRUST
Côta Vera 3
Côta Vera 3 is a large- scale residential development featuring multifamily rental, single-family for sale, and retail components situated within the established Côta Vera master-planned community in Otay Ranch, located in Chula Vista, California.
Côta Vera 3 is planned 684 apartment homes for lease and 121 homes for purchase. The Project will consist of four seperate developments: three rental residential communities, Cameo , Serenity, Harmony, and Rivano, a for-sale single-family home development.
Highlights
- Significant Equity
- 15 Jobs Per Investor
- 3+1 Year Loan
- 1st Position Trust Deed
- Cash Flow is 3.8X The EB-5 Loan.
Project Summary
Côta Vera 3 is a large-scale, mixed-use expansion within the Otay Ranch community of Chula Vista, California. The project features a total of 805 residential units and integrated retail space.
Explore project details
Located in one of Manhattan’s most desirable neighborhoods, this condominium project is positioned to benefit from strong housing demand and offers EB-5 investors a robust financial structure with sufficient job creation and a market-based exit.
EXPLORE PROJECT DETAILS
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The project listing is for informational purposes only and is NOT intended to be a solicitation or inducement to invest. Investment opportunities reflected on this website may only be a available for certain investors.
The project listing is for informational purposes only and is NOT intended to be a solicitation or inducement to invest. Investment opportunities reflected on this website may only be a available for certain investors.
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Total Project Costs
$417129201
Equity
$102241951
EB-5 Funds
$103200000
Total Job Creation
1937
Number of Investors
129
Loan Term Years
3+1
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