CMB Infrastructure Investment Group VI-A, L.P
CMB Export has been given the authorization to raise $120 million in three distinct partnerships for investment into infrastructure at the former Air Force Base. The Group VI Partnerships A, B, and C will make up the three separate and distinct investment loans. However there exists an intercreditor agreement which allows the partnerships to share the collateral of an interest in base ownership should the loan default. The investments will be between CMB Partnerships and McClellan Business Park. The primary infrastructure investments will include sewer replacements and upgrades, environmental clean up, rehabilitation of former military base structures, new construction, railroad upgrades, street rebuilding, flood control and other infrastructure building. The investment of $40 million through CMB infrastructure investment Group VI-A represents the first of the anticipated three partnerships. Each subsequent partnership will carry on the work of the predecessor partnerships. The anticipated matching fund component of public and private funds is expected to be about 5-1 thus CMB is requiring outside expenditures to be approximately $200 million to be combined with the partnership funds of $40 million in Group VI-B LP.
This eighth EB-5 investment partnership of CMB has fully funded the $40 million in infrastructure investments with many of the investor petitions pending before the USCIS for I-526 review.