NEWS

 HOME > NEWS > Here

CMB's Group 73 Limited Partnership Is Now Open For SubscriptionNovember 1, 2019



CMB Regional Centers Announces that the CMB Infrastructure Investment Group 73 Limited Partnership (Group 73) is now Open for Subscription.

CLICK HERE FOR MORE DETAILS

CMB Regional Centers is proud to announce that CMB Group 73 is ready to accept investors seeking an EB-5 visa through the regional center program. The target project of Group 73 will provide an EB-5 loan to a Hillwood Development Company affiliate to finance various phases of the development and construction of a build-to-suit office facility in the State of California and a warehouse facility in the State of Pennsylvania.

Development and construction activities are projected to commence 1st Quarter 2020 and is scheduled to achieve full completion by 3rd Quarter 2021. Total project spending will be approximately $188 million and the project is anticipated to create 722 model derived jobs using RIMS II, which represents a 14.60% job creation buffer for any EB-5 investors in the Group 73 partnership. Group 73 will make a loan of up to $31.5 million for the development and construction of the project, representing 63 EB-5 investors.

What advantages does this project have over others in the EB-5 marketplace today?

  • The project is with CMB Regional Centers the #1 regional center when considering the following: #number of EB-5 projects, #number of subscribed EB-5 investors, total amount of EB-5 capital raised and the tenure of its CEO in the EB-5 marketplace.

  • Group 73 will have third-party independent audits by an internationally recognized accounting firm of its financial records and immigration statistics on a yearly basis.

  • Group 73 partnership documents and project documents are completely ready for any potential EB-5 investor wanting to invest before the new regulations become effective on November 21.

  • The equity required to complete the project has been fully committed in anticipation of future EB-5 funding being made available to the project. As EB-5 funds are raised and made available to the Project overfunded equity, is replaced. Should the EB-5 raise fall short, equity will remain in place to complete the construction of the project.

  • Executed Long-Term Lease Agreement with Exelixis, for the build-to-suit office building.

  • Group 73 is projected to create 114% of the jobs required under the USCIS guidelines.

  • Group 73 has a TEA certification letter from the States of California and Pennsylvania.

  • CMB engages Prevail Capital, LLC, a broker-dealer registered with the SEC and a member of FINRA and SIPC, to be the administrative placement agent for all CMB EB-5 partnerships.


 

Contact us today.

Share This Post: Twitter | LinkedIn | Facebook

Subscribe to the weekly newsletter to get notified about future posts from CMB.


Recent Posts

EB-5 projects available now and will have projects available after the new EB-5 regulations take effect

CMB Regional Centers (CMB), a longtime leader in the EB-5 industry, still has available units within our current EB-5 investment offerings. CMB predicted that...

EB-5 News: CMB Regional Centers Reaches 23 Partnerships with an I-829 Approval

CMB Regional Centers’ (CMB) Group 21 partnership recently received its first I-829 petition approval, which marks a new milestone for CMB with 23 EB-5 that an...

CMB Regional Centers’ CEO and Founder, Patrick Hogan, and President, Noreen Hogan, are presented an Award at the Annual IIUSA Conference in Seattle, WA for CMB’s continued success in EB-5

During this year’s Invest in the USA (IIUSA) Conference, Patrick Hogan and Noreen Hogan of CMB Regional Centers (CMB) were both invited to speak on of...

Popular Posts

EB-5 Changes Coming? The Investment Amount Could Go From $500,000 to $1,350,000 Soon!

Last Thursday, June 27 the Office of Management and Budget (OMB) finished their review of the EB-5 Modernization Regulation. This review was the last step in...

CMB Regional Centers Announces that the CMB Infrastructure Investment Group 74 Limited Partnership (Group 74) is now Open for Subscription.

CMB Regional Centers is proud to announce that CMB Group 74 is ready to accept investors seeking an EB-5 visa through the regional center program. The target...

CMB's Group 73 Limited Partnership Is Now Open For Subscription

CMB Regional Centers Announces that the CMB Infrastructure Investment Group 73 Limited Partnership (Group 73) is now Open for Subscription. CLICK HERE is...