Duley Station Ventures consists of 29 Developed lots ranging from 2 to 5 acres each. The proeprty is less than 10 miles from Edwards AFB, which is expanding under the BRAC. This is a teriffic oportunity to capitalize on the expansion of Edwards Air Base by providing upscale, large lot single family houses in a rural setting to government, military, and contract workers. All approvals and permits in place. G&G sold the property to Caruso Homes in late 2018 with seller financing in place. We plan on being the lender through 2019 and 2020 with the project finishing in 2021, when we expect Caruso to finish the development and sales process.
Project Status Report
$5,365,000
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