This week CMB Regional Centers received wonderful news concerning our Group 51 and Group 52 partnerships.
Group 51 News
Our Group 51 target investment, Great Wolf Lodge Georgia, announced an opening date of May 31, 2018 for the water park resort. The CMB Group 51 Partnership provided $72 million in EB-5 loan funds for the construction and development of the Great Wolf Lodge in LaGrange, Georgia. Great Wolf Lodge is now accepting reservations starting May 31, 2018. Along with the opening announcement, the linked article features quotes from Great Wolf Resorts Inc. CEO, Rubén Rodriguez, details about the water park resort, and the success of Great Wolf Resorts Inc.
Great Wolf Lodge Georgia is CMB’s second project in the Great Wolf family. Our CMB Group XVI Partnership provided $116 million in EB-5 loan funds for the development and construction of the Great Wolf Lodge in Garden Grove, California. Group XVI investors are currently awaiting approval of their I-829 petitions. It’s amazing to see a second Great Wolf Lodge that was funded in part through a CMB EB-5 Partnership nearing completion. We have been pleased with the collaborative efforts in bringing these projects to fruition and look forward to our future relationship with Great Wolf Resorts Inc.
If you’re interested in learning more about the development, be sure to read the article and watch the accompanying video featuring Great Wolf Resorts Inc. team members explaining facets of the project. You can find both here: http://www.ledger-enquirer.com/news/business/article181072451.html
Group 52 News
Group 52 received its I-924 approval at the end of last week. The CMB Group 52 Partnership provided $16.5 million in EB-5 loan funds for the development and construction of the Hillwood Chino Hills project. The Chino Hills project is an infill, mixed-use residential development in Chino Hills, California. The project consists of conventional detached homes, attached townhomes, and 68 small lot detached homes. The project also includes a commercial component that will have retail and restaurant space.
Each of the immigration attorneys who filed a Group 52 petition will be receiving the notice of approval. This notice should be interfiled with any CMB Group 52 I-526 petitions for EB-5 participants to ensure each USCIS adjudicator is aware of the approval of the project into which Group 52 funds were loaned.
As always, if there is anything we can do to assist you, please don’t hesitate to contact any of us.
CMB Regional Centers