CMB EB-5 Visa

Our Company

Why CMB Regional Centers

We are one of the oldest active EB-5 regional center operators in the EB-5 industry with over twenty five years of experience. Patrick F. Hogan, our CEO and Founder, has been involved in the EB-5 industry since 1994, and established our first regional center in 1997.

Experience

At CMB we focus solely as a regional center operator and a fiduciary to our investors. Over 6,000 investors from over 100 countries have subscribed to CMB EB-5 partnerships to pursue permanent residence in the United States.

To date, CMB has released over 80 separate EB-5 offerings, representing over $3.3 billion worth of investment capital, which has been combined with over $13 billion in public and private funds. These EB-5 offerings financed the development and construction of over 100 projects in 20 states across the U.S., which are projected to create 200,000 new American jobs.

Successes

Since our first EB-5 partnership, Group A, we have a 100% project approval rate. CMB EB-5 investors have achieved over 5,000 I-526 petition approvals, over 2,000 I-829 petition approvals, and we have returned over $1 billion in investment capital to our investors.

Transparency

In 2014, we were the first regional center to commission independent third-party audits of all our EB-5 partnership financials according to GAAP (Generally Accepted Accounting Principles) and petition approval statistics. We have commissioned the same audits each year since, and will continue to, thereby setting a standard of transparency for the industry.

Pioneers

We were the first regional center to rely solely upon economic model derived job creation, and were the first to introduce what is commonly referred to as the loan model. Over the years, the EB-5 industry has continued to evolve and many of the structures and methodologies that we pioneered have become widely used throughout the industry.

History of CMB

Noreen and Pat Hogan, CMB Regional Centers, 2025 The first CMB Regional Center, CMB Export, was authorized in 1997. At the time the EB-5 program was very new and relatively unused. CMB’s Founder, Patrick Hogan, identified a desperate need for capital investment in former military bases located in California that were affected by BRAC (Base Realignment and Closure).

Several large military bases in California had been relocated or shut down, which resulted in the loss of tens of thousands of jobs. Mr. Hogan sought to use EB-5 investment to revitalize those regions. These former military base communities faced serious challenges in the effort to reinvent their economy. They included the need for asbestos abatement, contaminated water tables, and roads in very poor condition. CMB, an acronym for ‘California Military Base’, is named after the effort to improve the infrastructure in these areas.

CMB Export’s first 10 EB-5 partnerships focused on solving these infrastructure issues at the Norton Air Force Base in San Bernardino and the McClellan Air Force Base near Sacramento. CMB was able to utilize EB-5 funds to rebuild roads and bridges, install rooftop solar systems, implement public transportation systems, and remove environmental hazards that discouraged private sector investment.

Today, the former McClellan Air Force Base is now McClellan Park, the largest master-planned community in California. It includes office space, warehousing, retail space, and manufacturing facilities.

The former Norton Air Force Base is now the San Bernardino International Airport. The site also serves as a major logistics and warehousing hub for Southern California. Tenants such as FedEx, UPS, Pepsi, and Stater Bros. all maintain facilities on or near the former base.

These EB-5 success stories show the profound impact the EB-5 program can have to channel investment capital into underserved parts of the United States and spur job creation.

Today, CMB operates 13 Regional Centers, with EB-5 investment projects across the United States. We were able to apply the conservative, infrastructure-focused approach that helped revitalize closed military bases in California to EB-5 projects in sectors like residential construction, industrial warehousing, and renewable energy.

Over 6,000 EB-5 investors have trusted CMB with their immigration pursuit since those early days. CMB has worked with investors from over 100 countries, and we still maintain a worldwide presence, conducting in-person meetings with prospective investors around the world every year.

As a leader in the industry, CMB continues to create high-quality EB-5 offerings for investors interested in pursuing a permanent residency in the United States.

Our Structure

Our approach is simple: Traditionally, our EB-5 partnerships provide a six-year loan to a developer of a project that requires interest-only payments. Depending on the particular project, these loan agreements may be with government agencies, public/private partnerships, or experienced private developers. Our EB-5 investment capital is combined with additional public and private funds to finance the development and construction of the specific project or projects. The benefit of this early-stage “seed” financing is to jump-start the activity of construction, improvements, or repair in the absence of other funding sources. The timing and resources necessary to complete each project will vary depending on the nature of the project. Some projects are one-time events within a single development, while other projects are multi-phase long-term projects. The availability of early-stage alternative financing for infrastructure and construction projects initiates a chain reaction of economic development that results in significant new American job creation.

Our Team

Executives

Patrick Hogan

Chief Executive Officer

Patrick F. Hogan is the CEO and Founder of CMB Regional Centers. Mr. Hogan’s considerable experience dating back to 1994 establishes him as one of the most experienced practitioners in the EB-5 industry. In fact, Mr. Hogan has been involved in EB-5 since the creation of the Regional Center Program. Mr. Hogan founded CMB Regional Centers with the creation of CMB Export, LLC in 1997.

Mr. Hogan, a lifelong entrepreneur, opened his first of many businesses in 1978. Currently, Mr. Hogan is the CEO of two companies that are the leaders in their industries: CMB Regional Centers and Rock Island Auction Company. Today, Rock Island Auction Company is the #1 antique and collectable firearms auction house in the world and CMB Regional Centers is the most successful EB-5 Regional Centers in existence. Mr. Hogan is considered a seasoned expert in the EB-5 industry. He sits on the Board of Directors for the Association to Invest In the USA (IIUSA) and has been an active participant in furthering industry best practices as well as program reauthorization and reform.

Noreen Hogan

President

Noreen Hogan is the President of CMB Regional Centers and manages the day-to-day operations of the company as well as implementing strategic initiatives for CMB. Ms. Hogan is recognized as a leading expert in the industry, speaking about EB-5 at events throughout the world. Ms. Hogan has held previous positions as the Vice President of Company Operations, Project Manager, and an economist. During 2015, Ms. Hogan, worked for CMB Swiss Co GmbH, as a Deputy Director of Worldwide Operations, establishing the company’s operations in Schaffhausen, Switzerland. Prior to her employment with CMB, Ms. Hogan worked as a project manager for Discover Financial Services, a U.S. Fortune 500 company. Ms. Hogan holds a Master’s degree in Economics from the University of Illinois at Chicago and a B.A. in Economics from Augsburg College.

Pam Ellis

Senior Vice President

Pam Ellis serves as the Senior Vice President of CMB Regional Centers. She joined the organization in 2009 and previously served as the Vice President of Company Operations from 2013 to 2015. Ms. Ellis manages the day-to-day company operations as well as directing multiple department during the comprehensive development of all CMB file submissions to the USCIS on a yearly basis. Ms. Ellis has over thirty years of management and customer service experience that has built the foundation for her to manage this industry leading staff. Ms. Ellis served as the Vice President of Visitor Services for the Quad Cities Convention & Visitors Bureau for twenty years. Today, Ms. Ellis supervises the various services CMB Regional Centers provides to over 6,500 clients, as well as supervising over 50 full-time employees.

Ky Boyle

Senior Vice President: Asia

Ky Boyle is the Vice President of the Asia Market for CMB and is responsible for coordinating CMB’s network of relationships throughout Asia. Mr. Boyle has been involved in the EB-5 industry since 2010 and is a frequent panelist and speaker at EB-5 industry events. Mr. Boyle has over thirty years of business leadership and management experience and has been active in economic development throughout the past three decades. As a member of the State of Iowa’s trade delegation, Mr. Boyle participated in economic trade missions in Asia. Mr. Boyle spent twelve years with MidAmerican Energy Company (a Berkshire Hathaway company) providing consulting services to major commercial energy consumers such as, 3M Corporation, Hormel Foods, Musco Lighting, The State of Iowa, component suppliers to John Deere, and municipalities in the State of Iowa. Mr. Boyle has a Bachelor’s degree from the University of Phoenix and a Master’s degree in Business Leadership from William Penn University.

Matthew Hogan

Senior Vice President of Project
Development

Matthew Hogan is CMB Regional Centers Vice President of Project Development. Mr. Hogan oversees CMB’s team responsible for the identification of new opportunities, initial project underwriting, negotiating and structuring of each of CMB’s EB-5 partnership loans. In his role as Vice President of Project Development, Mr. Hogan is directly involved in the development of all project related documentation needed to support each EB-5 partnership’s USCIS submissions. Mr. Hogan is also instrumental in developing and maintaining both new and ongoing business relationships. Since joining CMB in 2011, Mr. Hogan has been involved in the structuring of over $2.5 Billion in CMB’s EB-5 investment loans spanning over 65 EB-5 partnerships. Mr. Hogan has been featured as a speaker in multiple EB-5 related events including, Invest in the USA (IIUSA), EB-5 Investor Magazine, the Asian Real Estate Association of American Global and Luxury Summit, Global Immigration and Investment Summit, International Real Estate and Investment Expo, and the CDFA National Development Finance Summit and many more.

Neal Lee

Senior Vice President/Chief Financial
Analyst

Neal Lee is CMB Regional Centers’ Vice President and Chief Financial Analyst. Mr. Lee leads CMB’s finance team in the due diligence and structuring of CMB’s EB-5 investments. To date, Mr. Lee has overseen in excess of $2.5 billion in CMB EB-5 transactions. Mr. Lee further supervises the activities of CMB’s project compliance team, through the lifecycle of each CMB EB-5 loans. Prior to CMB, Mr. Lee worked as an investment portfolio manager at a global real estate investment / EPC / general contractor firm, based in Seoul, Korea with offices in over 30 countries worldwide. Mr. Lee holds a Master’s degree from Massachusetts Institute of Technology, Cambridge, Massachusetts, and a B.A. in Economics from Yonsei University, Seoul, Korea.

Tara Moffit

Senior Vice President & General Counsel

Tara Moffit is CMB Regional Centers’ Vice President and General Counsel, directing CMB’s legal team with the composition and structuring of legal documents for the CMB partnerships. Ms. Moffit obtained her Juris Doctorate from the Drake University Law School in 2002, graduating with highest honors. She also holds a Bachelor’s degree in history from Marycrest International University, graduating Summa Cum Laude. Prior to working with CMB, Ms. Moffit was employed with a general practice law firm in Davenport, Iowa, working in several fields, including foreclosure, bankruptcy, real estate, construction law, and personal injury.

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CMB Swiss Co (CMBRC Affiliate)

CMB Swiss Co is an affiliate of CMB Regional Centers. Through worldwide marketing campaigns, Swiss Co engages in sourcing prospective individuals interested in immigrating to the U.S. through the EB-5 Visa Program. CMB Swiss Co also interacts and enters into agreements with licensed immigrations agencies, immigration advisors, and other individuals to refer potential EB-5 Investors who are seeking to invest in CMB EB-5 opportunities. Learn more about CMB Swiss Co.