MONEY MATTERS – "Extell secures $168M in EB-5 funds for Central Park Tower; project’s completion date pushed back," by The Real Deal’s Chava Gourarie: "In a call to Israeli bondholders Wednesday, Extell Development’s Gary Barnett reported that his firm had secured $168 million in EB-5 funds for Central Park Tower, the supertall condominium.
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Extell Development wants to build 25 units of affordable housing at Second Avenue and 92nd Street in exchange for a 115,000-square-foot FAR bonus. Extell hasn’t yet identified a receiving site, but the developer also has the option of holding onto the FAR and selling it at a later date.
Hotelier Roadmap to EB-5 Financing for New Hotel Construction, Expansion or Renovation: Ten Steps to a Successful EB-5 Offering. This article was first published in EB5 Investors Magazine.. The EB-5 investor visa program allows non-U.S. persons to invest $500,000 (or $1,000,000) in a business that is expected to create at least 10 new permanent jobs per investor, and to obtain a conditional.
As members of Congress in Washington debate raising the minimum required to obtain a U.S. immigrant investor visa from $500,000 to $1.35 million, concern about the hike has set off a scramble among wealthy would-be participants in China. Jared Kushner. Photographer: Andrew Harrer/Bloomberg “Some clients are demanding that we make sure their applications are submitted [.]
HAP Investments seeks $60M in EB-5 funding for Chelsea rental-condo project Jun 21, 2016 | The Real Deal HAP Investments – which has cycled through multiple designs for a planned rental-condominium development in Chelsea – is now seeking $60 million from EB-5 investors for the project.
Clopton Capital Spotlights Non-Recourse Loan Service. Combined with the $382 million in capital raised through our June equity offering. The company also announced that it had closed two 10-year, non-recourse loans including a $33.6 million loan.
Extell Development Company Closes On A $1.135 Billion Financing Package For Central Park Tower January 11, 2018 Nationally acclaimed real estate development firm Extell Development Company announced that the company closed on its largest construction loan to date for Central Park Tower on December 29, 2017 .
VIVA LA VISA -"Extell seeking up to $200M in EB-5 funding for LES condo," by The Real Deal’s E.B. Solomont: "Extell Development isn’t just giving Asian buyers the first crack at buying.
It remains to be seen whether the brownstone babies and their cousins in the condo towers will ever migrate to the mall, giving up on Bird, Greenlight Books or the newly arrived Barney’s Co-op. “The hard part is, black people will shop where white people shop,
Australian data due today – Housing finance for July – preview Invest housing finance summary OF FINDINGS. DWELLINGS FINANCED. Value of Dwellings Financed. The total value of dwelling commitments excluding alterations and additions (trend) fell 0.7% in May 2018 compared with April 2018, while the seasonally adjusted series rose 0.5% in May 2018.
Extell Development is eyeing Asian investment in One Manhattan Square by seeking $100 million to $200 million in EB-5 funding.