618 Sunset Boulevard · Brunswick, Georgia · Document Summary

Quitclaim Deed & Ownership

Plain-English Summary · Prepared for Chip Drury · April 2, 2026

Document 4 of 4

This document is the legal paper that transferred ownership of 618 Sunset Boulevard from Muddy Waters Estuary LLC (the old owner) to KBD Management LLC (the current owner) on January 6, 2026. It was recorded with the State of Georgia and is certified by the Georgia Superior Court Clerks' Cooperative Authority. This is your proof of ownership.

Transfer Date

Jan 6

2026

Grantor

Muddy Waters

Previous Owner

Grantee

KBD Mgmt

Current Owner

Recorded By

GSCCCA

State of Georgia

1 What Is This Document?

A quitclaim deed is a legal document that transfers whatever ownership interest one party has in a property to another party. It's like saying: "Whatever rights I have in this property — I'm signing them over to you."

Unlike a warranty deed (which guarantees the title is clean and free of other claims), a quitclaim deed transfers ownership without making any promises about the title history. This is commonly used for transfers between known, trusted parties — such as between two LLCs with common ownership, estate transfers, or restructuring ownership for business or tax purposes.

In this case, the property moved from Muddy Waters Estuary LLC to KBD Management LLC on January 6, 2026. The deed was officially recorded with the State of Georgia through the GSCCCA — Georgia's official land records system. That recording is what makes the transfer legally valid and public.

2 What Does It Mean For You?

It means KBD Management LLC is the current, legally-recorded owner of 618 Sunset Boulevard. The deed was recorded with the state on January 6, 2026 — less than 3 months ago. The ownership chain is:

Previous Owner

Muddy Waters Estuary LLC · Grantor on the deed

Quitclaim Deed Executed & Recorded

January 6, 2026 · Certified by GSCCCA (Georgia Superior Court Clerks' Cooperative Authority)

Current Owner — KBD Management LLC

Grantee on the deed · Legally recorded in the State of Georgia · January 2026

Why This is Critical

You cannot borrow against property you don't legally own. You cannot sell equity in a deal if your title isn't clean. This deed is the first document every attorney, lender, and investor will request — it establishes the legal foundation that the deal has a legitimate owner at the table.

One Important Next Step: Title Search

A quitclaim deed transfers ownership but does not guarantee a clean title history. Before any lender or investor commits money, a title company will conduct a full title search — going back 40–60 years — to confirm there are no liens, judgments, back taxes, or competing claims on the property. This is standard procedure and typically costs $200–$500. If the title comes back clean, you're in excellent shape.

3 How We Use It In The Proposal

This document is the first thing anyone will pull when due diligence begins. Here is how it is used across all three paths:

All Paths — Proof of Ownership: No lender or investor will go further in underwriting until they can confirm who legally owns the collateral. This deed is your answer every time.
Path A (Bridge Loan): The bridge lender will record a mortgage or deed of trust against KBD Management LLC as the legal owner. This deed establishes the entity that signs the loan documents.
Path B (Development): The construction loan, SBA, and USDA all require a certified copy of the current deed as part of the loan application package. The JAN 2026 recording date also matters — it shows the deal is recent and active, not stale.
Path C (Tokenization): A Reg D or Reg A+ securities offering must disclose who owns the underlying asset. This deed is attached as the foundational ownership document in the offering memorandum.

The Entity Matters

The property is owned by KBD Management LLC — not by an individual. This is actually advantageous for financing and investment structures, because it allows the deal to be structured at the entity level (selling membership interests, assigning collateral, bringing in partners) without transferring the deed each time.