BAI Capital EB-5 Visa Project History

May 26, 2021

 

‍The EB-5 Immigrant Investor Visa Program is an American government (USCIS) project created in 1990 that allows foreigners and their family (under 21) to obtain the permanent residence of the United States through a 900,000 or 1,800,000 USD investment in the country (plus management fees).

 

• When approved, bestows conditional permanent residency.
• Valid for 5 years, then eligible for US Citizenship.
• No requirements other than financial investment.
• EB5 Visa also applies to the applicant’s spouse and unmarried children under the age of 21.

 

In today’s article, we discuss the most common financial/ legal structure for the EB-5 Visa applicant’s capital investment into an American development; how BAI Capital differs by offering a more personal and streamlined process; and highlights of some of our past EB-5 projects

 

Most EB-5 petitions are facilitated by a third party company who allocates the investor’s capital into one of several available TEA approved EB-5 job creation projects, which are most often real estate developments. The EB-5 firm acts as a private intermediary between the immigrant-investor and the US government – USCIS (U.S. Citizenship and Immigration Services).

The traditional EB-5 set-up works most of the time, but as most of you are aware, not always. With large mega companies offering a plethora of TEA approved EB-5 projects, the applicant at times gets lost in the mix, and is often seen as just another number.

What is missing in many EB-5 management companies is the personal connection with their clients, and an ongoing professional relationship with the real estate developer.

Few EB-5 firms work with the same developer repeatedly; even rarer is to find an EB-5 Consultant who is also the developer and/ or who also invests in the same development funds as the prospective immigrant.

 

In the case of BAI Capital, we can tick off all 3:

  1. EB-5 Consultant / Fund Manager
  2. Project Developer
  3. Fund Co-Investor

 

We didn’t start off that way. In fact, BAI Capital began by facilitating the dreams of high-income investors looking to becoming American, as an EB-5 consultant and management firm. Over the last 11 years we have managed the EB-5 fund raise for 7 successful American job creation developments and are working on our next 2, Archer Place in Gainesville Florida, and Scuba Club in West Palm Beach. We are a small niche firm, yet we are proud to have a 100% track record in EB-5 petition approvals. Our positive track record helped us secure the prestigious INDUSTRY AWARDS EB-5 MIGRATION AGENCY in both 2017 and 2018.

 

BAI Capital EB-5 Visa Management History

2010     YEAR FOUNDED
12         NUMBER OF YEARS MANAGING EB5 CLIENTS
69         NUMBER OF EB5 PETITIONS / APPLICANTS
9           NUMBER OF COUNTRIES OF EB5 APPLICANTS
9           TOTAL EB5 VISA PROJECTS
1958     TOTAL U.S. JOB CREATION IMPACT
$34,500,000 USD      TOTAL FUND RAISE BY EB5 CLIENTS
$13,680,000 USD      TOTAL FUND RAISE BY NON EB5 INVESTORS

*as of December 31st, 2020.

 

Here are some summary details on some of our more recent TEA approved projects

 

HIGHLANDS AT NORTH MIAMI BEACH -FL

 

Description  Design by renowned architectural firm Carlos Ott and Frankel Benayoun, the building reflects their unique award-winning style and refined sense design. The Highlands is a boutique building with only 60 residences including penthouses with private roof-top terraces. Surrounded by lush greenery, The Highlands is located in one of the most sought after areas of Miami, North Miami Beach. Easy access to mayor highways and the beautiful Miami beaches.

Location 13810 Highlands Drive, North Miami Beach, Florida

Managing Entity Blue Road LLC
General Partner of EB5 Investors Highlands Miami EB5 LLLP by Become American Investor LLC
BAI Role EB5 Manager
Developer Nicover LLP
Regional Center Florida First Regional Center LLP
Counselor Attorney Greenberg Traurig

Project completion date Fully built in January 2020
Funding status Fully funded and built
Total capital raised $27,340,142
By EB5 Investors $10,500, 000
Jobs created 328

Number of EB5 Investors 21

 

HAVEN PARK HOTEL IN SOUTH BRONX -NY

 

Description The Park Hotel is a top-tier, four star, 71 room hotel located in South Bronx, New York City, New York. The building will stand 10 floors tall with 8 hotel rooms per floor and amenities to include a landscaped terrace, restaurant and bar, fitness center and parking garage for 56 cars.

Location 2558 Park Avenue, South Bronx, New York City, NY

Managing Entity Trise Development Corp
General Partner of EB5 Investors Park Hotel South Bronx EB5 Preferred Equity LLLP by Become American Investor LLC
BAI Role EB5 Manager
Developer Trise Development Corp
Regional Center New York City EB-5 LLC
Counselor Attorney Greenberg Traurig

Project completion date Fully built Feb 2021
Funding status Fully funded
Total capital raised $29,000,000.00
By EB5 Investors $3,000,000.00
Jobs created 248

Number of EB5 Investors 6

 

THE PALMS RESIDENCES AT BAY HARBOR ISLANDS -FL

 

Description The Palms is a boutique development that conjures a relaxing lifestyle of luxuries and indulgences. A place that invites you to embrace life and harmony in an enchanting island neighborhood.
The contemporary design of renowned architect Frank Benayon gives sophistication and taste to the Palms, which features 42 residential units with integrated first-rate kitchens, impressive floor-to-ceiling windows and ample scenic balconies.

Location 1133 102nd St, Bay Harbor Islands, Florida

Managing Entity Blue Road LLC
General Partner of EB5 Investors Palms Miami EB5 LLLP by Become American Investor LLC
BAI Role EB5 Manager
Developer BH Bayview LLC / Blue Road LLC
Regional Center Florida First Regional Center LLP
Counselor Attorney Greenberg Traurig

Project completion date Fully built in June 2018
Funding status Fully funded and built
Total capital raised $18,812,768
By EB5 Investors $8,000,000.00
Jobs created 230

Number of EB5 Investors 7

 

Most recently, BAI Capital is branching out into project development, while still staying true to our EB-5 consultancy roots.

ARCHER PLACE in GAINESVILLE – FL

Archer Place is a new TEA approved upscale condominium and luxury student housing development, available as an property, equity and EB-5 immigration investment for a select few participants.

  1. The Archer Place project is located in Gainesville, Florida, the medical and college hub of the Sunshine State.
  2. The target residents of Archer Place are the student base of the University of Florida and Santa Fe College, and the health professionals and their families who work in the area.
  3. The health and education sectors are two of the few real estate markets that have held steady and/ or grown during the COVID pandemic.

 

 

The immigrant investor looking to immigrate to USA via the EB-5 Program should partner with the consultant who can both properly manage their financial investment, but also facilitate the success of the Green Card petition with full confidence. At BAI Capital and Archer Place, we administer both facets of the process.

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