Compass Pointe 2 is a 128 unit multi-family project that is approximately 65% complete. The lender has recently foreclosed on the property and is motivated to make a deal with a qualified buyer. The property is located in the Central California city of Merced, home of the newest University of California campus. Compass Pointe 2 is centrally located in the most desirable area of Merced with numerous retail amenities within very close proximity. The rapidly UC Merced campus is about 5 miles from the project which provides affordable housing for students and faculty. Compass Pointe 2 consists of sixteen separate two-story buildings with an appropriate mix of 1, 2 and 3 bedroom units. Tenants will enjoy the use of a large clubhouse which includes a fitness center; meeting rooms and an outdoor pool & spa. Lender will respond to all offers.