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
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 has continued to advance this month and is now largely complete. Base paving is finished on the roads, and the final pavement on the alleys is down. The local electric cooperative mobilized at the end of the month to begin energizing the system, and the remaining on-site electrical work is expected to be complete by the end of August. Entry sidewalks have been tied in and all common sidewalks were installed by month’s end, with the accessible ramps expected by mid-August. Work on the entry statement continues, with the drawings complete, the field stakeout finished, and the final location set; minor additional grading remains.
Village F – Scott’s Landing – Phase II
Pre-construction and planning efforts in Phase II have continued to move forward on multiple fronts. With the water and sewer main lines already in place, the stone work anticipated last month is now down. The sewer pods are the remaining item, and they are expected to be delivered and installed by the end of August.
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.