It’s a very interesting offer here, it’s the launch of the new Surf Club Four Seasons Hotel Fund, and it’s really tailored towards high net worth earners in South Africa seeking to acquire Green Cards. Draw the link for me between acquiring a Green card for the ability to work in the United States and investing in a fund attached to a hotel.
Fantastic, well, it’s all related to the programme called the EB-5 Investment Visa Programme. It’s a federal immigration investment programme that’s been around since 1990. Since then hundreds of thousands of investors from all over the world have obtained US Green Cards and residency by deploying their capital into new American businesses that create American jobs. LCR CapitalPartners Firm that I cofounded helps international investors, including South Africans with key residency by selecting proven brands like the Four Seasons brand and structuring investments that allow them to obtain Green Cards within about 18 months of their investment by deploying in new projects like the Four Seasons Hotel and Residences here in Miami Beach.
So this is for wealthy South Africans, how much is the minimum investment required to qualify?
The investment amount is a 500 000 US Dollar investment. That investment is placed into the fund, we manage the fund as general partner, and as this capital is raised, we use it to replace the existing capital that was used to build and construct the Four Seasons Hotel. The Four Seasons Hotel, in fact, was started in 2014 under construction and is now about to open later in March for the public. As soon as the hotel opens, the job creation requirements for all of our investors will happen next. It’s quite an attractive investment opportunity to obtain a Green Card and get the capital back at the end of the five-year loan period, so it’s not a fund cost, it’s rather an investment that has a high likelihood of returning that capital in full within five years.
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