This Fund was set up to raise up to $19 MM EB-5 investment capital to finance two development projects in prime locations in Long Island City.

1. Preferred Equity Investment of $3 MM to Dutch Kills Associates, LLC to develop a 8-story condominium building. Located at 14-01 Broadway, Astoria, NY 11106, the building consists of 80 residential units with 45 parking spaces. The Broadway provides a stunning collection of 1, 2 and 3 bedroom apartments at 1401 Broadway. Stylishly designed, it stands out as an exceptional rental residence that combines gracious interiors with outstanding amenities and a lively social scene.

2. A loan of $15 MM to 27-51 Jackson Ave LLC toward the construction of a 14-story mixed-use condominium building, which consists of 74 residential units and one commercial unit. The building is located at 27-49/51 Jackson Avenue, LIC, NY 11101. The lot area is 8,000 SF and the gross construction floor area is 86,000 SF. The first and second floor will have about 13,500 prime retail spaces. From the third to fourteenth floor are 74 condominiums units including studio, one bedroom, two bedroom, and three bedroom units. The loan is secured by the first mortgage on the Jackson.



Broadway construction was developed by the Lions Group II LLC, founded by Mr. Albert Shirian and Mr. Ramin Shirian in 1984. Since then, they have been actively involved in real estate investment and development on Long Island and New York City. They have built luxury and/or high quality large suburban homes in prestigious areas in the North Shore of Long Island, as well as 1-4 family, multi-family, luxury condominiums projects in different parts of Queens, especially Long Island City, and Nassau County. The projects will be developed in cooperation with the following professionals:

Architect and Engineering Designs- Raymond Chan Architect PC:

Having formed Raymond Chan Architect in 2002, Mr. Chan is licensed to practice architecture in New York, New Jersey, Maryland and Pennsylvania. Over the years, he has designed numerous multi‐story and mid‐rise buildings including commercial, residence, mixed‐use, and hotels. Mr. Chan has won many design awards including design of the “China Buddhist Center” to jazzy “Beama Grill” in Manhattan, and “Asia Bank Loan Center”, “Asia Plaza”, “Queens Office Tower” and “New York Eye Center” among many other commercial projects.


This fund will provide $19 MM in loan for construction of two buildings. After project completion, condo units will be sold to repay senior bank loan and EB-5 loan.
Broadway construction started in 2017 and was fully completed in October 2019. Total jobs created from Broadway project is 256. EB-5 fund from Broadway is already fully paid off.
Jackson construction commenced January 2019, but paused due to Covid pandemic. Construction now resumed and substantial completion is expected to be in 2023. EB-5 fund is currently being deployed in Jackson Project.

Project Capital Structure

Jackson project total cost:



$12.5MM (20%)

Contruction Loans:

$31.5MM (50%)

EB- Loans:

$19 (30%)

Job Creation

Total Investors

Total Expected Jobs Created

Jobs have been created