Regal Properties, in collaboration with Capital Real Estate Solutions LLC (“CRES”), is pleased to present the opportunity to purchase and build estate homes on 10 fully entitled lender-owned lots, approximately 10-acres each, within the exclusive, gated community of York Highlands on the Monterey peninsula. These lots can be purchased at a steep discount below market value, with the option to buy 9-27 additional lots at a huge discount to value. Collectively, these 37 lots have an appraised market value of $64MM.
Regal Properties and CRES have already negotiated with the lender to provide 80% loan-to-cost, non-recourse lot acquisition financing at 5%, interest-only, and to finance 80% of the offsite improvement costs (up to $5MM) for each phase for the development of required infrastructure.