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CMB Regional Centers Greater Detroit EB-5 Project Secures USCIS Approval

CMB Regional Centers Greater Detroit EB-5 Project Secures USCIS Approval

 

CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced that its CMB Group 101 – Venture Build-to-Suit (BTS) EB-5 project has received I-956F approval from United States Citizenship and Immigration Services (USCIS). The announcement marks CMB’s 96th project approval, a track record underpinned by a 100% approval rate for projects that have been adjudicated by USCIS.

The I-956F approval confirms that the project meets USCIS requirements, allowing CMB Group 101 investors to proceed with immediate adjudication of their I-526E petitions, a significant milestone on the path toward permanent residency in the United States.

“Group 101 represents exactly the type of opportunity CMB was built to deliver—a rigorously underwritten project located in a high-unemployment area where EB-5 capital can make a meaningful difference,” said Noreen Hogan, President at CMB. “Our latest project approval clears the path for our investors to take the next step on their immigration journey, and we could not be more thrilled for them.”

CMB Group 101 involves the development of a Class-A build-to-suit regional distribution center facility in the greater Detroit, Michigan area. The region is home to one of the world’s densest automotive supply chains, with 96 of the top 100 automotive suppliers in North America maintaining a presence in Michigan.

About CMB Regional Centers

CMB has assisted over 7,000 investor families, from over 100 countries, in their pursuit of immigrating to the United States through America’s EB-5 Immigrant Investor Program. 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.

For more information, contact CMB at [email protected].

EB-5 Risk Disclosures

EB-5 Risk Disclosures

Common EB-5 Private Placement Risk Factors

Given the extensive risks and speculative nature of private placements generally, and EB-5 investments specifically, any person considering participation in a private placement with an EB-5 immigration component should carefully consider and understand common risk factors that may be experienced.

This summary is not exhaustive. Specific risk factors for a particular private placement will be stated in the applicable private placement memorandum and other offering documents.

Common Financial Risk Factors

Any prospective investor should understand that:

  • they may lose their entire investment, including other costs and fees paid;
  • investment capital is not guaranteed nor does it have rights of redemption;
  • investment returns are not guaranteed;
  • the investment is not transferrable or has limited transferability;
  • the investment is in an illiquid security;
  • the investment is generally in a new business enterprise with limited or no operating history;
  • the investment may be subordinate to other financing arrangements;
  • the investment might not be secured against an asset or may have only limited security;
  • investments might not be repaid on time or at all.

Please consult your financial advisor for guidance on your investment and the risk factors associated with your own specific circumstances.

Common Immigration Risk Factors

A prospective investor should understand that:

  • they may be denied a visa if they provide false or misleading information to United States Citizenship and Immigration Services (USCIS) or the U.S. Department of State;
  • they may be denied a visa if they have certain political affiliations;
  • they may be denied a visa if they have committed a crime of moral turpitude or other crimes;
  • they may not receive a visa if insufficient jobs are created;
  • they may not receive a permanent visa if their investment is not sustained;
  • they may not receive a permanent visa if a material change to the business plan occurs;
  • a derivative child family member may “age out” and become ineligible for a visa under their investor parent’s application;
  • USCIS might revoke the designation of a regional center, potentially causing investors to lose immigration benefit;
  • USCIS may revise or update existing policy in a way that adversely impacts a pending or previously submitted petition;
  • Congress may substantially change immigration laws and apply those changes retroactively; and
  • Congress may cancel or allow the EB-5 regional center program to lapse.

Please consult your immigration attorney for guidance on your immigration pursuit and the risk factors associated with your own specific circumstances.

Past Performance Risks

Past performance should not be relied on as a predictor of future results. 

Forward-Looking Statement Risks

Forward-looking statements are based on information available on the date of publication. Such statements may contain errors or omissions and are subject to change without advance notice.

CMB Regional Centers Receives I-956F Approval for Student Housing EB-5 Project in Eugene, Oregon

CMB Regional Centers Receives I-956F Approval for Student Housing EB-5 Project in Eugene, Oregon

 

CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced that CMB Group 96 – The Ellis has received approval of Form I-956F from United States Citizenship and Immigration Services (USCIS). CMB Group 96 is currently open for subscription, with limited availability.

An I-956F approval confirms that USCIS has determined the project meets the EB-5 program requirements and qualifies investors for USCIS adjudication of their I-526E petitions for conditional permanent residency in the United States.

A collaboration with Fields Holdings, CMB Group 96 is purpose-built to meet sustained demand for high-quality student housing in the University of Oregon market.

“Student housing continues to be a popular asset class for EB-5 investors, particularly when undertaken by a developer with a track record of success in the space,” said Noreen Hogan, President at CMB. “We’re thrilled to see an approval for CMB Group 96, our latest EB-5 student housing collaboration with Eran Fields and team.”

This marks CMB’s second student housing collaboration with Fields Holdings, following CMB Group 71 – The M in Seattle, Washington. CMB Group 71 was successfully completed in 2020, with Fields Holdings fully repaying the EB-5 loan in less than four years. Investors in CMB Group 71 successfully achieved conditional permanent residency and are now eligible to file for removal of conditions on their residency (I-829 petition), the final step in the EB-5 immigration process.

CMB Group 96 is located in a High-Unemployment Targeted Unemployment Area (TEA), qualifying investors for the reduced EB-5 investment threshold.

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, making investors eligible for the reduced investment threshold.
  • Estimated Job Creation: 881 (76.2% Job Creation Buffer)

About CMB Regional Centers

CMB has assisted more than 7,000 investor families, from over 100 countries, in their pursuit of immigrating to the United States through the EB-5 Immigrant Investor Program. CMB maintains a 100% project approval rate on more than 90 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.

For more information, contact CMB at [email protected].

Disclaimer: Past performance should not be relied on as a predictor of future results. This is not an offer to sell securities or the solicitation of an offer to purchase securities. Any offer to participate in any sponsored partnership may only be made pursuant to a written offering memorandum and any sale in such limited partnership shall be evidenced by a subscription agreement executed by a foreign national. EB-5 interests to be offered through Prevail Capital, LLC, an SEC registered broker- dealer and a member of FINRA/SIPC. An EB-5 investment contains many risks, is speculative, and illiquid. EB-5 Investors may lose their entire investment. There is no guarantee that an EB-5 investment will result in lawful permanent residency.

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