Clementine Apartments Investment Opportunity
We are offering accredited investors the opportunity to invest in a 2nd trust deed secured by a 38-unit multifamily development currently under construction in San Diego, California. This is a targeted short-term, fixed-income opportunity with a strong collateral position.
Our project is located in the growing San Diego submarket of Encanto. This 38-unit development is designed to deliver high-quality workforce housing by the fourth quarter of 2025. The senior construction loan of $ 5.83 million is already in place, and vertical construction is underway.
$1 Million
Second Trust Deed Offering
ACCREDITED INVESTORS ONLY
506(c)
TKG Development, LLC
Gauging interest
INVESTMENT HIGHLIGHTS
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Offering Size: $1,000,000
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Security: Second Trust Deed
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Interest Rate: 13% annual
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Term: 24 months
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Minimum Investment: $50,000
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Accredited Investors Only (verified under SEC Rule 506(c))
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Collateral: Secured by the property at 819 Jacumba St, appraised completed value $9.4MM
Why should you invest with us?
Secured by a recorded 2nd deed of trust
Experienced Team
December 2025 projected construction completion
Strong market demand for unit type
Located near public transit
Mission Driven Workforce Housing
Renderings
Construction progress
About Klimenko Team
Klimenko is a dynamic real estate development company that addresses San Diego's shortage of high-quality, affordable housing. Our mission is clear: to provide convenient, high-quality, and financially accessible multifamily housing tailored to middle-income professionals. We aim to deliver exceptional investment opportunities and maximize returns for our partners who share our values and commitment to excellence. Join us as we contribute to enhancing the San Diego community through thoughtfully crafted, aesthetic, and affordable housing.
Underwriting
Please fill out the form below to request the investor deck and join our priority list
Legal & Compliance Notice
This offering is being made in reliance on SEC Rule 506(c) of Regulation D and is open only to verified accredited investors. Prior to any investment, each investor must complete an accreditation verification process, which may include documentation of income or net worth, or written confirmation from a licensed attorney, CPA, or registered broker-dealer.
Disclaimer: This is not an offer to sell or a solicitation of an offer to buy any securities. Offers will only be made through official offering documents, including a Private Placement Memorandum (PPM) and Subscription Agreement.
Investments in real estate involve significant risk, including the risk of loss of principal. Past performance is not indicative of future results. Any forward-looking statements are speculative and not guarantees of performance.
Risk Disclousure:
Investments in real estate development involve significant risks, including the potential loss of principal. Any projections or returns presented are forward-looking and not guarantees of future performance.