140 W. Canada
San Clemente · 2-unit condominium on raw land
Land
$550K
Build
$1.2M
Sold
$3.2M
Private Real Estate Development · San Clemente, CA
We buy the land, draw the plans, and build the home.
Hedgemon is one team for the whole job — design, permits, and construction. Hire us to lead the whole build, or just to run feasibility and entitlements. Either way the budget stays honest and the timeline stays real, whether you run a family office or you're investing for the first time.
0 handoffs
No outside architect, GC, or middleman
CAIA · FRM
Institutional-grade underwriting
Chartered Alternative Investment Analyst · Financial Risk Manager
2
Ocean-view homes breaking ground in 2026
01
Our Approach
How we keep the risk low.
Most projects go wrong for one reason: the architect, the money person, and the builder don't talk to each other. We put them on one team. We treat each project as a problem to solve, not a bet to place.
I.
We run the numbers first
Before we commit
We check the money before we buy — the deal terms, the feasibility, the real cost to build. If it doesn't pencil, we pass. No guessing.
II.
We build it ourselves
In-house, as the builder
We design and build in-house, as the general contractor. So we know the site before it hits the spreadsheet. That's how we stop cost overruns and delays before they start.
III.
We leave room for error
A real margin of safety
We don't chase hot markets. We buy where the math still works if things go sideways — where land cost, build cost, and demand all line up.
IV.
We plan for the tax
Unique to real estate
Real estate carries tax advantages other assets don't. We work with you and your advisors to structure each deal so more of the return stays yours.
On the Orange County coast
"We only build where the land, the cost, and the demand all agree."
San Clemente to Laguna Beach — a stretch of coast where scarcity is real and quality holds its value. That's where we put our capital to work.
02
What We Do
We lead the build.
We're the general contractor. We buy the land, get it permitted, design the home, and build it — one team owns the whole job, so the budget stays honest and the timeline stays real. When you don't need the whole build, we take on feasibility and entitlements as standalone work, with the same underwriting and permitting rigor.
What we lead
Construction
This is the heart of what we do. As the general contractor, we run the site from the first dig to the final walk-through. We hire the crews, hold the schedule, and own the cost. When we lead the build, the home you see is the home we planned.
Licensed GC
We hold the general contractor's license and run our own crews.
One team
Design, permits, and build under one roof.
The work behind the build
Design
Our in-house architects draw homes that look good and are practical to build.
Entitlement & Permits
We handle zoning, permits, and the paperwork that stalls most projects.
Feasibility
Before we buy, we test whether the project works — zoning, land use, and real costs.
Financial Analysis
We model the money up front — what it costs, what it returns, and what could go wrong.
Work with us on just this
Or hire the parts.
Standalone service
Feasibility Analysis
Hire us to underwrite a site or a deal before you commit. We run zoning, land use, hard and soft costs, and the return math, then tell you whether it pencils — even if we never build it.
Standalone service
Entitlements & Permitting
Hand us the approvals. We take zoning, coastal review, and the permit set through the jurisdiction, so a stalled project starts moving again. You keep your own builder; we clear the path.
03
How A Project Runs
From raw land to keys.
Five stages, one team through all of them. Nothing gets handed off to a stranger — which is why the number we quote at the start is the number you see at the end. Need just the front end? Feasibility and entitlements are available on their own.
01
Source & underwrite
We find the parcel and model the whole deal before a dollar moves. If it doesn't pencil, we walk.
02
Design
Our in-house architects draw a home that sells — and that's realistic to build on the actual site.
03
Entitle & permit
We clear zoning, coastal review, and permits — the paperwork that stalls most projects for years.
04
Build
As the general contractor we run our own crews, hold the schedule, and own every line of the cost.
05
Sell or hold
We take it to market or hold it in trust — whichever the numbers say serves the investment best.
04
Selected Work & Track Record
Homes we've built and sold.
We buy raw land on the Orange County coast, get it permitted, and build. Here's the recent record — real homes, real numbers.
229 Avenida Monterey
San Clemente · 2-unit condominium on raw land
Land
$1M
Build
$2.2M
Sold
$4.7M
1151 Summit Pl
Laguna Beach · high-end single-family residence
Land
$750K
Build
$1.75M
Est. Value
$3.6M
What's underway now
130 & 132 Avenida De La Paz
San Clemente · two coastal homes, held in trust
$10.7M
Est. finished value
11325 Magnolia Ave
Riverside · 54-unit apartment community
54 units
Our first apartment project
06
In Development · Current Pipeline
Two ocean-view homes, breaking ground.
Financing finalizing · Construction begins 2026
Two adjacent lots on Avenida De La Paz in San Clemente — walking distance to the beach, panoramic Pacific views, and no more room being made on this coast. The lead home is fully designed and engineered; the renderings below are the approved build.
9,767
SQFT lot
≈4,700
SQFT livable
4 levels
+ roof deck & elevator
1.2 mi
To San Clemente beach
Fully engineered. Permit-ready.
This isn't a concept. 130 De La Paz is backed by a complete, stamped engineering package — the design and entitlement risk is already retired before a dollar of construction capital goes in.
Geotechnical & Soils Report
49 pp · R.C.E. stamped
Grading Plan + Geo Cert
Certified
Structural Framing + Calcs
Wood framing set
Shoring Plan
Hillside excavation
Electrical · Mechanical · Plumbing
Full MEP sets
12,197
SQFT lot
≈5,200
SQFT livable
4 levels
+ roof deck & elevator
Full sale
Exit strategy
05
The Team
People who have done this before.
Ethan Namvar
The Strategic Advisor
Ethan is the analytical backbone of Hedgemon's underwriting. He teaches financial engineering, derivatives, and investments at Columbia and UC Berkeley, and has advised hedge funds and family offices on real estate and risk. With a master's in financial engineering from Berkeley, an MBA, and CAIA and FRM credentials, he makes sure every project meets the strict criteria sophisticated institutional and private investors demand.
Justin Kozik
The Builder-Investor
Justin leads Hedgemon's vertically integrated model. An investor and builder, he applies a first-principles approach to the intersection of real estate and technology — a University of Michigan graduate with a JD and an MBA in Finance from Indiana University, and a former healthcare-data CEO. He brings the institutional rigor and legal precision needed to navigate complex deal structures, tying investment strategy to architectural design so long-term asset performance is engineered in from the start.
William Gold
The Construction Leader
William brings deep-rooted construction credibility to the leadership team. With a background in large-scale commercial development and a General Contractor's license, he keeps the financial spreadsheet grounded in site reality — knowing exactly what happens on the ground before it hits the model. His expertise lets Hedgemon take execution risk off the table from day one.
Architectural Team
EA
Eugene Arnulphy
Architect
Hedgemon's in-house architect for over five years, and maintains his own design firm. Seventeen years of design and project management across custom homes, retail, restaurants, warehouses, and high-rise buildings.
Get in touch
See the numbers for yourself.
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→ (949) 432-9096
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CAIA · FRM credentialed underwritingChartered Alternative Investment Analyst · Financial Risk Manager
JD / MBA-led deal structuresLegal & financial rigor
Licensed General ContractorCSLB license № on request
R.C.E.-stamped engineeringGeotech · structural · civil