U.S. Immigration Fund Closes Seven EB-5 Deals Along East Coast

12 Aug U.S. Immigration Fund Closes Seven EB-5 Deals Along East Coast

U.S. Immigration Fund, a South Florida based company specializing in the EB-5 Regional Center program, has had a tremendous year, closing seven EB-5 deals on 6 different properties, totaling $1 billion.

Led by President and CEO, Nick Mastroianni II, U.S. Immigration Fund secured two loans totaling $350 million for Pacific Park Brooklyn Phases II and III; a $200 million loan for a retail hotel project, 701 Times Square; a $175 million construction mezzanine for 111 Murray Street in TriBeCa; a $52.5 million loan for phases I and II of Via Mizner Golf and Country Club’s mixed use project in Boca Raton, Florida; and a $50 million dollar loan for 88 Kushner-Kabr, a redevelopment in Jersey City, New Jersey.

The overwhelming success U.S. Immigration Fund has experienced in facilitating these and other construction loans is part of the EB-5 program the U.S. Congress enacted 20 years ago. The program allows foreign investors to obtain green cards by investing $500,000 in ‘targeted employment areas.’ Such qualifying areas must have an unemployment rate 150% of the national average.

“The EB-5 program advances transnational business and proves to be beneficial not only for our communities here at home, but offers extensive opportunities to foreign investors and their families abroad,” said Nick Mastroianni II.

With additional projects in the works, U.S. Immigration Fund continues to be at the forefront of international and local job creation and investment.