In Protected content EB-5 program was designed to invite people from around the world to invest in the U.S. and become a permanent resident. The program consisted of investing $500,000 to open a business and hiring 10 employees. A Miami property broker is offering this program when you purchase a condominium. You will not need to hire 10 employees with this program. The condo development company supplies the employees as part of the deal.
How it Works
When you purchase a condo, the deposit amount for the unit is 30% rather than the usual 50% plus an additional $500,000 for the EB-5 is required, which could later be used to close on the unit. The program term is 5 years with 0.5% interest paid annually. The development will be completed in 2 years. At that point, you,the client will have 3 different options: close on the unit in cash by paying additional 70%, get financing or delay the closing (in this case, the unit will be rented and all the proceeds will be split 70/30% between the developer and the client). At the end of the 5 year period you can use the $500,000 invested in the EB-5 to close on the property or if you closed already the money would be refunded to you. These are the total fees for the Eb-5 program:
$500,000 Capital Commitment (Loan)
$50,000 Regional Center Fee
$20,000 Attorney Fee
$7,000 USCIS Application Fees
Please email me at Protected content if you would like more details.