An EB-5 Regional Center recognized by the USCIS, U.S. Immigration Fund (USIF), has announced that the $80 million loan it provided to 855 Avenue of the Americas has been returned in full by the borrower. The 41-story 855 Avenue of the Americas, located on the western side of 6th Avenue between 30th and 31st Streets, serves as a commercial and residential complex. The building has a prime location in Manhattan, looking out over the bustling commercial and residential districts of NoMad, Chelsea, and Hudson Yards.
"This is another great success for our EB-5 investors and their families who invested in the 855 Avenue of the Americas project," stated Nicholas Mastroianni, III, President of USIF. "For over a decade, we have been fortunate enough to offer our clients and their families the highest quality investment offerings seen in the EB-5 industry, which results in the successful outcomes of permanent residency for more than 5,000 clients and their family members and a return of their investment capital. It has been a great honor for our EB-5 Regional Center to sponsor the 855 AOA project and to work with each family towards achieving their dream of life in America."
855 Avenue of America is home to the EOS Residences, a development by one of New York's most illustrious corporations, and has 375 luxury rental apartments and 127,000 square feet of Class-A office space, all of which have been leased by Nike since 2015. Additionally, Nordstrom Rack, which launched in 2017, has leased all 57,000 square feet of the premium retail space on the ground floor.
Some of the most well-known EB-5 projects in history owe a great deal to the work of the U.S. Immigration Fund, which has sponsored outstanding real estate developments ranging in size from $15 million to over $1 billion. Eighteen major financial organizations, such as J.P. Morgan, Goldman Sachs, and Blackrock, officially recognized USIF as a Regional Center, making it "the first." "Maintaining strong partner relationships within the EB-5 industry has been vital to our success as a regional center and all of our investors. By playing an integral role within the industry, we have been privileged to continue to set investment standards and best practices – we continue to set ourselves apart from our competitors to help our investors achieve their dreams of obtaining a U.S. Residency," reported Nick Mastroianni, II, Chairman of U.S. Immigration Fund.
Those looking to invest in the EB-5 Visa Program may do so in USIF's current products that meet the requirements of the EB-5 Program. Among the many investment options provided by USIF are those that have already been authorized by USCIS, as well as those that provide EB5 investor financing, meaning that customers need only spend $500,000, with the remaining $300,000 being covered by USIF.
Note: This website's content is meant to be general; it does not constitute legal or financial advice. Only a licensed expert with a total understanding of all the information and circumstances of your specific situation can provide legal or financial advice. Before enrolling in the EB-5 program, you should contact a visa attorney with legal, immigration, and financial knowledge.