- Funding Needed
- $23.2 (Mio)
- EB5 Funding
- $13 (Mio)
- EB-5 Investors
- Investment Amount
- Subscription Fee
- Job Creation per Investor
- Job Creation (Total)
- Healthcare and Social Assistance
- Continuing Care Retirement Communities
- Amount of EB-5 investors anticipated for this phase?
- Expected Maturity
- 5 years (with possible extensions).
- Expected Return
- A preferred return of 0.5%.
- Principal equity in project?
- Does this project have approved I-526's?
- Does this Regional Center have approved I-526's?
- Does this Regional Center have approved I-829's?
- Murrieta, California
- Last Update: October 14, 2015 07:52 AM
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Renaissance Village of Murrieta
- Developer Name
- Continental East Development
Continental East Fund VI, LLC, a California limited liability company (the “Project Company”), will develop and operate the Renaissance Village of Murrieta (the “Renaissance Village”), an assisted living and memory care facility located in Murrieta, California. The Renaissance Village will feature a total of 161 beds, 113 of which will be assisted living beds, and 48 of which will be memory care beds. The Renaissance Village will be constructed at a total budget of approximately $23.2 million.
The Project has received local Planning Commission Approvals to proceed to construction of Phase I Facilities. The Project construction will begin in the first quarter of 2014 and is scheduled to complete in the Q4 2016. Thus, the construction schedule exceeds 24 months. Phase I is estimated to take 18 to 20 months while Phase II of this Project is anticipated to take 2 to 6 months.
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