Bay Creek is a thoughtfully designed residential community located in Cape Charles, Virginia, along the scenic Chesapeake Bay. As part of the current development plan, the project aims to expand community infrastructure, offer 340 residential lots for sale, and construct and sell 61 homes.
The project also includes enhancements to the amenities that make Bay Creek such a desirable destination. Upgrades are underway for the community’s clubhouse and two championship golf courses designed by legendary golfers Arnold Palmer and Jack Nicklaus.
Residents and members will enjoy two miles of private beaches and a vast nature preserve, ideal for paddle sports, fishing, and outdoor recreation. Additional lifestyle and recreational amenities are being introduced to elevate Bay Creek’s appeal as a premier place to live and vacation.
Construction Progress
Secured Senior Loan
Phased Development and Delivery
Experienced Development Team
A Regional Center With a Proven Track Record
Learn More About Bay Creek
Construction Progress
October brought continued forward movement across Bay Creek’s residential sections, as both vertical and horizontal development efforts advanced on schedule.
In Scott’s Landing – Phase I, which includes 59 single-family homesites, infrastructure development reached significant milestones. Bulk earthwork is now fully completed, while the installation of the vacuum sewer system has also reached 100%. Water main installation is halfway complete, and electric service is scheduled for deployment in the coming weeks.
In Scott’s Landing – Phase II, substantial planning and site readiness work progressed. Preliminary land planning is now finalized, and all geotechnical fieldwork has been completed. A construction management agreement has been executed with Marathon, and final pricing has been completed for planned amenities, including the dock and kayak launch.
In Village CA-1, located near the Clubhouse, a preliminary cost assessment based on the cottage layouts has been finalized. The engineering team has completed more than half of its investigation into existing water and sewer systems, and a formal project proposal has been requested. A comprehensive topographic survey was also completed.
Secured Senior Loan
The Bay Creek EB-5 investment is structured as a senior secured loan. The loan is backed by a first-lien mortgage on portions of the development site. Each EB-5 investor is associated with a separate loan tranche, each with a four-year term. These individually structured tranches are uncommon in EB-5 projects, and the shorter loan duration further distinguishes Bay Creek from typical rural offerings.
Phased Development and Delivery
Bay Creek has been under development for several years and has sold nearly 300 lots and delivered numerous homes. The current approach leverages a flexible, phased development model, allowing the team to pace construction in alignment with market trends. This strategy reduces exposure to market fluctuations and enhances project resilience, creating a more secure investment environment for EB-5 participants.
Experienced Development Team
Development at Bay Creek is overseen by Bobby Masters, who has led operations since January 2020. With over 40 years of experience in large-scale residential development, Mr. Masters has been responsible for more than 30,000 homes across 25,000 acres. His background includes expertise in the design and management of premium amenities such as golf courses, marinas, hospitality venues, and homeowner associations, making him well equipped to lead Bay Creek’s continued growth.
A Regional Center With a Proven Track Record
Bay Creek is sponsored by EB5AN, a regional center operator with a track record of managing low-risk EB-5 investment projects. EB5AN has facilitated over $1 billion in EB-5 capital, supporting developments with a combined value of more than $7 billion. To date, the firm has assisted more than 2,700 families from over 70 countries in securing permanent residency in the United States. All adjudicated regional center-sponsored projects offered by EB5AN have been approved by USCIS.
Learn More About Bay Creek
Bay Creek continues to stand out in the EB-5 marketplace for its combination of project security and immigration reliability. With its senior secured loan structure and established development strategy, the project stands out as a compelling investment opportunity in the EB-5 market.
For more information on the Bay Creek project or other available EB-5 projects, please schedule a one-on-one call with EB5AN.
