Some highlights of the newest Regional Center EB-5 Projects:
MasterCard Mansion Project
- MasterCard Mansion on the 5th Avenue in Manhattan, New York
- Sample Form I-924 petition for this project has been approved by USCIS (Best safeguard for I-526 approvals)
- Construction work has begun in Sept., 2013, completion is estimated by the end of 2015
- EB-5 funds account for 29% of total investment, and bank loans account for 49%
- All office spaces have been pre-leased.
- The new job creation number is 1.5 time higher than that of the EB-5 requirement
- Total EB-5 units: 70
- EB-5 investment amount per unit: $500,000
- Return of capital (loan model): 5 years from date of funds release from escrow account
- Return on loan: 0.25% interest annually.
Four Season Hotel Project (only limited units left)
- An 82-story New York City skyscraper accommodating a luxury hotel and condo units
- Located next to the World Financial Center in the Financial District, Manhattan
- Total investment: $930 million, of which EB-5 funds will account for 27%
- The EB-5 funds will be used to pay back a portion of the already-secured bank loans for the project
- Developed in collaboration with top U.S. developers, a world-class luxury hotel management team, and renowned architect
- EB-5 investment amount: $500,000.
- Regional Center Administration Fee: $50,000
- Period of Investment (loan): 5 years from date of funds release from escrow account
- Return on loan: 0.25% interest annually
These project offer unparalleled strength in both return of funds assurance and Green Card attainment assurance.
Return of funds assurance:
- Project was started in September 2013
- Contractor-Controlled Insurance Program and Project Completion Insurance provide double safeguard for investment
- First Priority Mortgages
- Acquisition premium of the project has been ensured so that investment funds will be returned after the expiration of the five-year loan
Green Card attainment assurance:
- Adequate job creation opportunity: the construction jobs alone are sufficient to meet the job creation requirement for EB-5 immigration, not counting the hotel operation job opportunities