CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced the first I-526E approval for an investor in CMB Group 98 – Hillwood Commerce 71, a High-Unemployment Area (HUA) EB-5 project.  

EB-5 investors who receive approval of their I-526E petition by United States Citizenship and Immigration Services (USCIS) become eligible for conditional permanent residency in the United States. The USCIS evaluates each petition individually and, to date, more than 5,700 investors in CMB projects have secured I-526/I-526E approvals.

“For investors, each I-526E approval represents real progress for their case and their family,” said Noreen Hogan, President at CMB. “We’re pleased to see the steady pace of USCIS adjudications for investors in our HUA projects.”

CMB Group 98 involves Hillwood Development Company (Hillwood) leveraging $44 million in EB-5 capital to construct two Class-A industrial logistics facilities, a wastewater treatment facility, along with associated infrastructure improvements in the growing business hub of Columbus, Ohio.

CMB Group 98 marks the eighth CMB HUA partnership to secure initial I-526E approvals in recent months including:

• CMB Group 81 – Inland Empire Industrial
• CMB Group 86 – Gable House Apartments
• CMB Group 88 – Hillwood Detroit Fairgrounds
• CMB Group 89 – Hillwood City Creek
• CMB Group 90 – Hillwood Treeline
• CMB Group 91 – Hillwood DTW Air Cargo
• CMB Group 93 – Coachella Valley BTR

CMB and Hillwood have established one of the strongest lender-borrower relationships in the EB-5 industry, collaborating on 45 EB-5 projects and creating more than 63,000 American jobs. The latest collaboration between CMB and Hillwood, CMB Group 101 – Hillwood Venture Build-to-Suit, is currently open for subscription.

About CMB Regional Centers

CMB has assisted over 6,900 investor families, from over 100 countries, in their pursuit of immigrating to the United States through America’s EB-5 Immigrant Investor visa program. CMB currently maintains a 100% project approval rate on all 93 partnerships that have undergone USCIS adjudication. CMB EB-5 partnerships are projected to have created more than 215,000 American jobs.

To date, CMB has repaid over $1.5 billion USD to investors.

To learn more about CMB or CMB Group 101, contact CMB directly at [email protected].

Located in Eugene, Oregon, CMB Group 96 capitalizes on high demand for student housing

CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, has announced that its latest EB-5 project, CMB Group 96 – The Ellis, is now open for subscription.

Undertaken in collaboration with Fields Holdings, CMB Group 96 will encompass a new, off-campus, student housing development located within a High-Unemployment Targeted Employment Area (TEA) adjacent to the University of Oregon in Eugene, Oregon.

The TEA designation will allow EB-5 investors to take advantage of the reduced investment amount and the use of set-aside visas.

“We evaluate each potential project rigorously with the aim of giving our investors the best possible opportunity at securing permanent residency and obtaining a return on their investment,” said Noreen Hogan, President at CMB. “Our latest student housing project with Fields Holdings is well-positioned to do exactly that.”

Located steps from the University of Oregon campus, the CMB Group 96 project’s 14-story residential tower will consist of approximately 306 units (685 beds with a mix of studios and one- to four-bedroom units), along with 17,000 square feet (1,579 square meters) of retail space. A 15-year lease for 10,000 square feet (929 square meters) of retail is already in place with an American fast casual chain restaurant (with over 900 locations, worldwide).

Furthermore, the development will be purpose-built to attract modern students by providing a range of amenities, such as a pool and courtyard, resident lounge and media room, fitness and yoga studio, basketball court, group and private study rooms, dog run, and a rooftop deck.

CMB Group 96 – Investment Highlights:

• EB-5 Loan Amount: Up to $40 million
• Total Project Spending: ~$128.2 million
• Project Location: Meets USCIS requirements for a TEA (High-Unemployment Area)
• Estimated Job Creation: 881

About CMB Regional Centers

CMB has assisted over 6,800 investor families, from over 100 countries, in their pursuit of immigrating to the United States through America’s EB-5 Immigrant Investor visa program. CMB currently maintains a 100% project approval rate on all 93 partnerships that have undergone USCIS adjudication. CMB EB-5 partnerships are projected to have created more than 215,000 American jobs.

To date, CMB has repaid over $1.5 billion USD to investors.

To learn more about CMB or CMB Group 96, contact CMB directly at [email protected].