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1ST TRUST DEED · REAL ESTATE

Lucerne Valley, CA — 1st Trust Deed

Lucerne Valley, CA

Land-secured 1st trust deed — 30.3-acre commercial parcel within the 1,375-acre Rancho Lucerne master-planned community.

Overview

Lucerne Valley, CA — 1st Trust Deed

This offering is a first-position trust deed secured by a 30.3-acre commercial parcel at the corner of Barstow Road (SR-247) and Rabbit Springs Road in Lucerne Valley, California — part of the 1,375-acre Rancho Lucerne master-planned community in San Bernardino County's high desert, roughly midway between Los Angeles and Las Vegas.

At buildout, Rancho Lucerne is planned to include two school sites, a 27-hole golf course, retail and office space, a hotel, and more than 100 acres of parks. Over $25 million has already been invested in mass grading, flood control, roads, curbs, gutters, and utilities. Phase I is largely complete, including the primary flood-control channel, major grading, roughly six miles of water and sewer lines, and a substantial portion of the golf course.

The subject parcel was appraised at $5,200,000 as of October 23, 2025 by Realty Valuation Services. A loan of up to $2,500,000 represents a proforma loan-to-value of approximately 48% — reducible to $1,200,000, which lowers the position to under 25% LTV for a more conservative basis. At closing, loan proceeds refinance and pay off the existing prior lien, so Crowdlender holds a first-position deed of trust on the collateral.

Target investor return: 10.5% annually, secured by a first-position deed of trust on the collateral.

Important: This is not an offer to sell or a solicitation of an offer to buy any security. Securities are offered only to verified accredited investors under Rule 506(c) of Regulation D pursuant to definitive offering documents, which supersede this summary in their entirety. The target return is not guaranteed. Real-estate lending is speculative and illiquid and involves risk of loss, including loss of principal. A prior lien and a Notice of Default (currently under dispute) affect this collateral and are expected to be resolved through payoff at closing — see "Debt Assumptions" below. Consult your own financial, legal, and tax advisors before investing.

Quick Notes

Position
1st Trust Deed
Target Return
10.5% annually
Loan Amount
Up to $2,500,000
Appraised Value
$5,200,000 (10/23/25)
Proforma LTV
~48% (under 25% at $1.2M)
Collateral
30.3-acre commercial parcel
Location
Lucerne Valley, CA
Manager
Crowdlender

Details

Key metrics at a glance. Talk to investor relations for the full deal package.

Estimated Hold Period
24 Months
Investment Type
Debt — 1st Trust Deed
Target Avg. Cash on Cash
10.5% annual*
Minimum Investment
$10,000
Investment Strategy
Land / pre-development bridge

Deal Highlights

  • Strong collateral coverage: Approximately 48% proforma LTV against a $5.2M appraised value (10/23/25), reducible to under 25% at a $1.2M commitment.
  • Experienced sponsor: The borrower is a Southern California developer with 45+ years of experience specializing in large-scale residential golf communities.
  • Infrastructure already in place: Over $25M has been invested in grading, flood control, roads, and utilities across the Rancho Lucerne master plan.
  • Flexible commitment size: The loan can be structured from $2.5M down to $1.2M, giving investors a more conservative LTV option.
  • First-position security: The investment is secured by a first-position deed of trust recorded against the subject land, following payoff of the prior lien at closing.

Management

Crowdlender

Crowdlender is a private-credit investment platform that sources, underwrites, and services real-estate-secured loans on behalf of accredited investors. Each offering is secured by a recorded deed of trust on the underlying collateral, and Crowdlender manages origination, documentation, servicing, and investor reporting throughout the term.

Investments are offered only to verified accredited investors under Rule 506(c) of Regulation D. Accreditation is verified on-platform before any detailed offering materials, borrower information, or closing documents are shared.

Expected Return Profile

Projected quarterly distributions over the investment term. Choose an investment amount to scale the figures. Illustrative only — see disclaimer below.

$5,000 Investment
$6,050 Total 2-Yr Distributions
1.21x 2-Yr Total Return Multiple

The final bar includes the projected capital event (principal repayment, refinance, or sale) and is shown at full height for scale; its projected amount is labeled. Operating-distribution bars are scaled to the largest operating quarter for readability.

Quarter Projected Distribution Cumulative
Y1 Q1 $131.25 $131.25
Y1 Q2 $131.25 $262.50
Y1 Q3 $131.25 $393.75
Y1 Q4 $131.25 $525.00
Y2 Q1 $131.25 $656.25
Y2 Q2 $131.25 $787.50
Y2 Q3 $131.25 $918.75
Y2 Q4 $5,131.25 incl. capital event $6,050.00

Important disclaimer. The figures above are hypothetical projections based on the sponsor's underwriting assumptions and are provided for illustrative purposes only. They are not a guarantee, promise, or forecast of actual results. Projected distributions scale proportionally with investment amount and depend on property performance, financing, refinancing or sale, and market conditions, any of which may cause actual results to differ materially. Distributions are not fixed or guaranteed. An investment is illiquid, speculative, and involves the risk of loss of the entire amount invested. Past performance is not indicative of future results. This is not an offer to sell or a solicitation of an offer to buy any security; securities are offered only to verified accredited investors under Rule 506(c) of Regulation D pursuant to definitive offering documents, which supersede this summary in their entirety. Consult your own financial, legal, and tax advisors before investing.

Debt Assumptions

First Position — Payoff of Prior Lien

  • Lender Type: Crowdlender: first-position deed of trust at closing
  • Loan Type: Prior lien (recorded 8/9/23, beneficiary Henry A. Talbot) refinanced/paid from loan proceeds
  • Estimated Proceeds: Prior lien payoff: $700,000 (≈ $930,000 with default demand)
  • Notes: At closing, loan proceeds refinance and pay off the existing senior lien recorded 8/9/23, so Crowdlender holds a first-position deed of trust on the collateral. A Notice of Default recorded 9/2/25 (currently under dispute) is expected to be resolved and paid through the closing payoff. Proforma loan-to-value is ~48% at the full $2,500,000, or under 25% at the reduced $1,200,000, based on the 10/23/25 appraised value of $5,200,000. Prospective investors should review the full title report, appraisal, and payoff/reconveyance documentation during due diligence.

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