Project Profile
- Number of EB5 Investors (LPs)：52
- Project Capitalization (Includes Both restaurants)：$26,000,000 US
- Investment Requirement：$500,000 US
- Loan Term：5 years from the First Advance (”Maturity”)
- Administration Fee：$60,000US，Lawyer fees for applications of Alien Entrepreneur Petitions (I-526 and I-829) included
Introduction
The Project will lease the entire facility to CIG, a national insurance group, who’s corporate offices will be located at the Projects location. CIG is an insurance aggregator, withover 60 exclusive insurance offices. CIG provides insurance financing which underwrites insurance policies. CIG plans to acquire a Master General Agency once it is established in the new facility, which will provide more than 250 new agents.
Management of the Facility Operations
The General Partner has contracted with CIG to completely lease the entire Project. CIG will be responsible for all building maintenance, CAM, Insurance, buildout as described in a Triple Net Lease.
The General Partner will act as the management company for the project. The tenant will provide the General Partner with quarterly reports with regard to maintenance and repair issues as well as complete buildout performance. CIG will have the right to sublet the property as it deems appropriate.
The Neighborhood
Palm Beach County is the largest county in the state of Florida in area. As of 2008, the rapidly-‐growing county’s estimated population was 1,294,654, making it the third most populous in the state and the twenty ninth most populous in the United States. Over 40 percent of the county’s population lives in unincorporated areas near the Atlantic coast.
With wealthy coastal towns such as Palm Beach, Jupiter, Manalapan, Delray Beach and Boca Raton within its limits, as well as equestrian mecca Wellington and golfing haven Palm Beach Gardens, Palm Beach County is Florida’s wealthiest county, with per capita personal income of $123,583 as of 2008.
History and culture with a tropical twist come to life in The Palm Beaches. Historic buildings and landmarks tell terrific tales of days and events in an extraordinary past, while a surprising and superb collection of top-‐of-‐the-‐line museums, performing art venues, and festivals earn us the title of Florida’s Cultural Capital.
Palm Beach County is also considered a tropical paradise, featuring 47 miles of Atlantic Ocean shoreline, and 100 miles of freshwater canals, rivers, and lakes. It’s no wonder more and more people are looking to retire to Palm Beach County.
