Project II - An EB-5 Success Story
Following the Path of Project II
Continental Regional Center allocated the $3.5 Million in EB-5 funds to a bridge loan. CRC submitted the investment project to USCIS, and their approval allowed our Project II investors to start their EB-5 investment journey.
The investors then submitted their USCIS I-526 petition for approval. Once approved, the investors sent their petition to the National Visa Center and underwent the
consular interview process. After a successful interview, the investor received their Conditional Green Card, which allowed them to move their family to the United States and ultimately obtain their Social Security Card. After arriving in the U.S., the investor had to complete a two-year sustainment period and submit a USCIS I-829 petition for USCIS approval.
Upon approval, the investor’s conditions on permanent resident status were removed. Lastly, per the offering documents, Continental Medical Plaza was sold once notification was received that all Project II EB-5 investors obtained USCIS I-829 petition approvals. The investors’ initial investment capital was repaid, resulting in a mutually beneficial transaction for the real estate developer, regional center, and our EB-5 investors.
Creating 100 New Jobs
As a result of actual eligible capital expenditures, the
Project created 100 new jobs from its inception to September 30, 2019. In addition, Industrial Output (or Total Regional Sales) has increased by approximately $14.7 million, and Total Household Earnings have increased one time by about $4.9 million. Investors reside across the U.S., including Virginia, Texas, Washington, and California.
Check out Continental East Fund IV, LLC. to learn more.