- Funding Needed
- $23.2 (Mio)
- EB5 Funding
- $13 (Mio)
- EB-5 Investors
- 26
- Investment Amount
- $500,000
- Subscription Fee
- 50,000
- Job Creation per Investor
- 16.2
- Job Creation (Total)
- 420
- Category
- Healthcare and Social Assistance
- Sub-Category
- Continuing Care Retirement Communities
- Structure
- Loan
- Amount of EB-5 investors anticipated for this phase?
- 26
- Expected Maturity
- 5 years (with possible extensions).
- Expected Return
- A preferred return of 0.5%.
- Principal equity in project?
- Yes
- Does this project have approved I-526's?
- No
- Does this Regional Center have approved I-526's?
- Yes
- Does this Regional Center have approved I-829's?
- No
- State
- California
- Location
- Murrieta, California
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- Last Update: April 03, 2019 12:26 PM
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Renaissance Village of Murrieta
- Developer Name
- Continental East Development
Project Description
Continental East Fund VI, LLC, a California limited liability company (the “Project Company”), will develop and operate the Renaissance Village of Murrieta (“Renaissance Villages”), an assisted living and memory care facility located in Murrieta, California. Renaissance Villages 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.
Project Timeline
The project began in 3rd quarter of 2015. The project was completed in 4th quarter of 2016 and is now in operation.
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