The Southeastern Pennsylvania Transportation Authority (SEPTA) recently asked federal lawmakers to protect the eligibility of public infrastructure projects under the government’s employment-based EB-5 Immigrant Investor Program. SEPTA Boar...
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SEPTA: Protect public infrastructure projects funded via EB-5 Immigrant Investor Program
Successful PA Turnpike/I-95 interchange project drives numerous local, state, regional benefits
The Pennsylvania Turnpike/Interstate 95 Interchange Project completed last year to connect the more than 1,900-mile I-95 from Maine to Miami is proving to be a success on several fronts. The most significant positive result is that the PA T...
Visa Scam: EFCC re-arraigns American for allegedly defrauding three Nigerians of $565,000
The anti-graft agency, EFCC, on Thursday re-arraigned an American, Marco Ramirez, for allegedly defrauding three Nigerians of $565,000. The Economic and Financial Crimes Commission (EFCC) said it charged Mr Ramirez before a judge, Mojisola ...
CMB's Group 18 Has Received Full Repayment of $65 Million in EB5 Investment Capital From It's Borrower Prior to the Maturity Date
It comes with great pleasure to announce the CMB’s Group XVIII (18) loan has been repaid in full, prior to the maturity date. Group 18 loaned a total of $65,000,000 in EB-5 investment capital to a Hillwood Development Company affiliate (Hillwo...
‘Hidden partner’ in EB-5 fraud comes forward
Alex Choi at a ribbon cutting for ANC Bio in 2015. It appears the “hidden partner” in the Northeast Kingdom EB-5 scandal has been found, or at least he’s in contact with the Vermont court where he has been charged in the largest fraud case ...
EB-5 funded project in downtown Hollywood scores $125M loan
Rendering of Hollywood Circle and developer Chip Abele Financing will be used to pay back $60M construction loan Hollywood Circle, a mixed-use project funded in part with Chinese EB-5 money, closed on a $125 million loan. The financin...
Jay Peak receiver has $2.2M deal to sell Quiros’ condo at Trump Place
This New York City apartment owned by Ariel Quiros is to be sold for $2.2 million. The dismantling of the real estate portfolio of Ariel Quiros, Jay Peak’s former owner accused of investor fraud, continues with an expected sale of a New Yor...
EB-5 hotel project in Broward obtains $11M construction loan
AD1 Global is building a Fairfield Inn & Suites by Marriott in Tamarac. The developer of a Fairfield Inn & Suites by Marriott in Tamarac obtained a $10.5 million construction loan. NWL 2016 Evergreen, part of Rivo Alto Capital Funding, a...
Chetrit scores loan for Miami River project, buys out JDS stake
A rendering of the project and Joseph Chetrit The $55M loan is the second pre-development financing for the Miami River site The Chetrit Group closed on $55 million in financing for its long-planned mixed-use Miami River development, The...
Nick Mastroianni’s EB-5 firm signals intent to foreclose on 125 Greenwich
125 Greenwich Street and Nick Mastroianni It is the latest setback for the troubled Downtown luxury residential tower Few buildings in New York City have had a more complicated and troubled construction history as 125 Greenwich. Now the...
Wells Fargo Leads Syndicate on $800M Refi of DC’s The Wharf
RENDERING OF ONE BUILDING AS PART OF THE WHARF PHASE 2. A consortium of banks led by Wells Fargo has provided $800 million to a joint venture by the name of Hoffman-Madison Waterfront (HMW) to refinance debt on the first phase of its $2.5-...
Four Investors Indicted on Federal Fraud Charges Involving Vermont Biotech Company
A federal grand jury recently filed criminal charges against several developers for fraud involving a Vermont biotech company. The developers include Ariel Quiros and Bill Stenger, formerly with Jay Peak, a development firm, Quiros advisor ...
Davis Hotel Capital and National Property Inc. arrange construction financing for new Le Meridien Hotel
Development of a 233-key Le Meridien Hotel in Arcadia, Calif. The developer of the project is SAICP LLC. Davis Hotel Capital, Inc., a premier hotel investment banking and mortgage brokerage firm with a focus on hospitality real estate, and ...
Hampton Inn and Suites Buena Park Celebrates Grand Opening with “Taste of Buena Park”
Community leaders and investors celebrate boost to local economy with area's first new hotel development in 20 years Local government, business and community leaders gathered Monday, June 10, to celebrate the grand opening of the Hampton In...
Is buying a slice of the American Pie about to change
One of the quickest ways to US residency and citizenship for GCC residents, the EB-5 investor visa programme may be on the cusp of a major overhaul While the EB-5 may be more popular than ever among residents of the GCC, the days in which i...