An Oregon-based investor group plans to pump millions of dollars of capital into Costa Pacific Homes, a deal that will allow the company to pay off liens and continue operating, its chief executive officer said.

The group will close on its private investment with Costa Pacific Homes on Monday, said Ruby Kadlub, the company’s CEO. Kadlub declined to disclose the exact amount of the offering, or three of the four partners in the group.

The fourth partner, whom Kadlub described as the spokesman for the group, didn’t return repeated phone calls from The Bulletin seeking to confirm Kadlub’s comments.

”We have been slow in paying some of our trades,” he said. ”We just stretched our resources from a cash-flow standpoint. But we haven’t sat by and not tried to figure out how to deal with that.”

Over the past several months, a number of Costa Pacific Home’s subcontractors have placed liens on its properties.

According to Deschutes County records, Floor Decor, Bri Lin Construction, Newman Painting, Parr Lumber Co., Masco CSC, Inc., Mike’s Fence Center and the Broken Top Community Association have had, or currently have, liens on properties which Costa Pacific Homes owns.

Since Sept. 5, 27 liens for a total amount of $344,006 owed have been filed on properties owned by the company, according to county records last updated Monday. Four of those liens for a total amount owed of $69,974 have been satisfied.

In Washington County, where the company is building homes in Hillsboro, no liens have been filed in the past two years, according to the county Assessor and Tax Department.

”I believe with the resources that are available to them, things are going to work out,” said Peggy Wodtli, who along with her husband Marvin, owns Floor Decor.

The company has filed multiple liens on Costa Pacific Homes properties, and since making purchases, several homeowners have assumed responsibility for the liens.

”I don’t think in the near future homeowners will have to be involved in this situation,” Wodtli said.

Beaverton-based Costa Pacific Homes is constructing 35 homes in The Parks at Broken Top and The Bluffs in the Old Mill District in Bend, as well as Orenco Station in Hillsboro.

As those homes, which are priced at about $270,000, close escrow, the profit will go toward paying off the liens, Kadlub said.

”Everyone will get paid,” he said. ”I’m not denying that construction has been slower. ”

”We’ve definitely had a cash-flow problem. But it’s due to stretching our resources and we’ve fixed it.”

Since January 2000, the homebuilder and developer has started nearly 100 homes in Bend and Hillsboro, and has completed between 50 and 60 of them, Kadlub said.

The company is currently negotiating with the state of Oregon to develop Villebois, an urban community that will be built on more than 200 acres in Wilsonville at the site of the old Dammasch State Hospital.

The homebuilder is also working with local and regional officials to master plan the future development of 400 acres of land optioned in the city of North Plains located west of Portland.