Bay Creek continues to make steady progress this month as both residential and resort construction activities advance throughout the community. Located along Virginia’s scenic Chesapeake Bay in Cape Charles, Bay Creek blends coastal charm with a comprehensive selection of lifestyle amenities. Residents and members enjoy private beaches, a preserved natural landscape, and 27 championship holes designed by Arnold Palmer and Jack Nicklaus.
Ongoing enhancements to community facilities, infrastructure, and recreation areas further elevate Bay Creek’s reputation as one of the premier destinations for relaxed coastal living on the Eastern Shore.
Construction Progress
Real Estate Construction
- Village F – Scott’s Landing – Phase I
- Village F – Scott’s Landing – Phase II
- Village CA-1 – Clubhouse Area
Secured Senior Loan Structure
Phased Development Approach
Experienced Leadership
Proven Regional Center Sponsor
Learn More About Our EB-5 Projects
Construction Progress
Real Estate Construction
Village F – Scott’s Landing – Phase I
Phase I construction continues to advance and is now largely complete. Bulk earthwork is finished, and all underground utility work, including sewer and water infrastructure, is complete. Road crossings and base paving are down on the roads with final pavement complete on the alleys. Electrical service to the site is complete, and cable installation is expected to begin soon. Primary street signs are up. Sidewalks and accessible ramps are installed, with the remaining walks to be completed by individual builders.
Village F – Scott’s Landing – Phase II
Underground utility work in Phase II has progressed steadily. The water main line is fully installed, and the sewer main line is complete. Stone work is now down as well.
Village CA-1 – Clubhouse Area
Pre-development planning for Village CA-1 remains underway. The cottage, townhome, and duplex plan layouts are complete, and a preliminary budget based on the cottage land plan is in place. The preliminary investigation of existing water and sewer conditions and the full topographic survey continue to support the ongoing design and planning work.
Secured Senior Loan Structure
The Bay Creek EB-5 project is financed through a secured senior loan, supported by a first-lien mortgage on portions of the development site. Each EB-5 investor participates in a distinct loan tranche with a four-year term. This individualized structure is rare in EB-5 offerings, and the shorter term further sets Bay Creek apart from typical rural projects.
Phased Development Approach
Bay Creek has been under development for several years, with nearly 300 land lots sold over the past five years. The current development strategy uses a phased approach, allowing construction to be paced in line with market conditions. This method reduces exposure to market fluctuations and enhances the project’s long-term resilience
Experienced Leadership
Bobby Masters has led Bay Creek’s development since January 2020. With over 40 years of experience in large-scale residential communities, he has overseen the creation of more than 30,000 homes across 25,000 acres. His expertise spans the design and management of high-end amenities, including golf courses, marinas, hospitality venues, and homeowner associations, positioning him to effectively guide Bay Creek’s ongoing growth.
Proven Regional Center Sponsor
Bay Creek is backed by EB5AN, a regional center operator with a strong history of managing low-risk EB-5 investments. More than 3,000 families from over 70 countries have selected EB-5 projects sponsored by EB5AN regional centers.
Learn More About Our EB-5 Projects
Bay Creek is now fully subscribed, however EB5AN offers other rural projects with senior secured loans similar to Bay Creek, like Currahee Club and Hard Rock Pointe Vista. For more information on these and our other available EB-5 projects, please schedule a one-on-one call with EB5AN.