C2R Capital originated a first-lien bridge loan secured by 43 residential lots and 14 deeded marina slips within a master-planned waterfront community in Pamlico County (New Bern MSA), North Carolina. The facility was intentionally reduced from an originally contemplated amount after the sponsor formed a new joint-venture partnership, minimizing financing costs while providing capital to complete remaining water and marina infrastructure, retire existing obligations, and launch the final marketing and sales push.

With all permits and approvals secured—including utility approvals, marina entitlements, and CAMA and riparian buffer authorizations—and major infrastructure already delivered, prior absorption is validated by a single-day launch in which 54 lots sold for $11.4 million.

The remaining 43 lots—most of them dockable, deep-water parcels—are positioned to support a targeted sales campaign in Q4 2025, with pricing expectations indicating that fewer than eight sales would fully repay the bridge. Following an on-site review on August 5, 2025, C2R’s team expressed strong conviction in the quality, marketability, and momentum of the inventory, positioning the project for efficient sell-through and clear visibility to repayment.