1. Strengths of the project
- The CMB partnerships will be the lender of the government, private/public partnerships or any other private development units that meet CMB’s requirements. These units are responsible for returning the loan.
- Group 63’s act of combining their capital with public and private capital will create enormous amount of investment capital which will create greater numbers of job than USCIS’s requirement.
- Transparency is a vital feature that all parties expect, and this feature is ensured to be with all EB-5 CMB partnerships.
- Group 63 loan is processed with an associated unit of a stable company in the U.S., and this loan will be ensured partially by sales commitment from the Project.
- Group 63’s Development Zone is located in the areas having high unemployment rate and therefore meets TEA standard, as requested by USCIS to reduce the investment capital.
2. The Project’s EB-5 elements (Approximate values)
- Total EB-5 loan: $45,500,000.
- Total project’s expenditure: $181,662,217.
- Total numbers of job estimated to come from the spending for construction and development: 1,041.
3. Project Schedule
Alameda
- The development and pre-construction activities are deployed.
- Construction was carried out in the 2nd Quarter, 2018.
- The goal is to finish construction by 1st Quarter, 2019.
Waterman
- The development and pre-construction activities are deployed.
- Vertical construction was carried out in the 2nd Quarter, 2018.
- The goal is to finish construction by the 1st Quarter, 2019
Pecan Square
- The development and pre-construction activities are deployed.
- The ground level construction includes ground clearance and fence construction which were carried out in 1st Quarter, 2018.
- The goal is to finish construction by 2nd Quarter, 2020.
