CMB Infrastructure Investment Group I, LP
The infrastructure investment made by the Partnership consists of two separate investments made by a single partnership (“Group I”). CMB Infrastructure Investment Group I Partnership applied for and received a California lenders license as the business of the partnership is to make loans to the authorities charged with the reuse of the former military bases. The two investment loans were tied to targeted infrastructure projects that required both a public and private investment. The combined capital resulted in a total infrastructure expenditure of $96.85 million. One investment of the Group I Partnership again focused on the Inland Valley Development Agency (IVDA) and the San Bernardino International Airport Authority who are charged with managing the reuse of the former Norton Air Force Base in San Bernardino California. The other infrastructure loan was with McClellan Park, LLC the master base developer charged with managing the reuse of the former McClellan Air Force Base in Sacramento California.
Group I - CMB Projects Map at Norton.pdf
The partnership has invested $14 million with the IVDA and the SBIAA and this capital was combined with an additional $60.25 million of public and private financing to help fund a number of airport and IVDA infrastructure related projects at the former Norton Air Force Base in San Bernardino, California. The total $74.25 million in investment capital was used for the construction of a new airport terminal, development of new hangars and other airfield facilities, part two of the Mountain View Avenue Bridge construction project, improvements to interior roadways, and new infrastructure to support the new FBO–executive/charter air service terminal. This infrastructure investment also includes the partial demolition and rehabilitation of old Air Force buildings, one of which will house the Stater Bros. bakery as well as additional storage and administrative offices for this massive facility. 
The second investment was at the former McClellan Air Force Base in Sacramento, California with the master base developer, McClellan Park, LLC. McClellan sought a CMB investment of $6 million from the Group I Partnership. The South McClellan District Project consisted of four separate infrastructure projects: roadway and landscaping infrastructure improvements, a storm drainage infrastructure project, a sanitary sewer infrastructure project, and the eventual construction of a new commercial 50,000 square foot office building as the first component of new flex office Business Park.
McClellan Aerial Map.pdf
The $22.6 million infrastructure investment included CMB investor capital, Federal EDA grant funding and private capital which comsprised the overall investment. It is expected that the related road improvements will open South McClellan for many more future developments and will be a cornerstone of future job creation in the region. Improving the McClellan market identity will require catalyst investments to key facilities, blight mitigation and amenity improvements. The South McClellan district will support construction of approximately 1,427,000 square feet of new Class A office, Research and Development, and light industrial space in addition to existing structures.
This $20 million EB-5 investment partnership is fully funded. All investor petitions that have come under review in the above CMB Investment Group A Investment, Group B and Group I projects have been approved by the USCIS. |
