ARCFE KENT – DETAILED

XIN Development Proudly Presents


A luxurious riverfront condominium Project in Williamsburg Brooklyn (www.theoosten.com)

The Oosten Condominium locates in Brooklyn’s Williamsburg right next to the East River waterfront, overlooking Wall Street financial district in lower Manhattan over the East River. At Oosten, you not only possess world class city’s prosperity but also get to enjoy the exquisite life behind the city. Rich and colorful Hippie culture has made Williamsburg one of the most sought real estate neighborhoods in the NYC. Concentration of a variety of upscale restaurants, numerous art galleries and style music bars have attracted a large number of artists, startup entrepreneurs, upper-class collar workers and fashion designers to move into there, which provided the neighborhood infusion with fresh vitality. Increasingly rich artistic environment has made local lifestyle more colorful. The influx of high pay working-class residents is a key factor that is driving and transforming the commercial development in Williamsburg. To many people, Williamsburg has become another vigorous and glamorous SOHO.

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Reliable Real Estate Developer


Xinyuan Real Estate Co. Ltd

Headquartered in Beijing, Xinyuan is major real estate developer of high-quality residential projects encompassing nine provinces in China and three states in the U.S. with annual sales of about $1.5 billion. In its 11 years span, the company has successfully developed a total building area of 16 million square feet with over 20 million square feet currently under construction. In 2007, Xinyuan became the first real estate company to listed in New York Stock Exchange (NYSE: XIN) with institutional private equity backers including Blue Ridge Capital and Sam Zell’s Equity International. Over these years, Xinyuan has built up its reputation and trust in both China and U.S. markets. The additional information of the company can be found on: http://www.xyre.com/

Job Creation and Green Card Assurance


The subject economic study report is prepared by an authorized economist, Dr. Michael Evans, applied RIMS Ⅱ model to evaluate job creation data. Dr. Evans anticipated the Oosten Condominium project will create 1,570 permanent jobs over course of the construction.

The subject project seeks 100 EB-5 investors, which must meet 1,000 jobs requirement from USCIS. The Oosten Condominium project’s job creation is expected to fetch 57% more than the USCIS’s job requirement. The developer will provide corporate guaranty over the EB-5 loan repayment and is confident that I-526 applications should be approved by USCIS.

Capital Structure and Capital Security


Total project costs: $295 million
Total construction costs: $180 million
Developer’s capital: $80 million 27%
(land acquisition cost and early development costs)
EB-5 loan: $50 million 17%
(100 EB-5 investors)
Bank loan: $165 million 56%
(mainly hard construction loan)

Project Success Factors


  1. Regional Center with Proven Track Record

As designated regional center by USCIS, ARCFE provides foreign investors a reliable and safe immigration path and much secured real estate construction projects.

 

  1. Reliable Developer

The first real estate Chinese company listed in New York Stock Exchange. The developer has sufficient capitals on hand and the project can be completed with or without EB-5 loan.

 

  1. Experienced EB-5 Project Management Team

The top management team is consisted of senior investment executives from Wall Street, top EB-5 attorney, real estate consultant and commercial loan underwriter.

 

  1. Job Creation Number exceeds USCIS’ Requirement

The subject project seeks 100 EB-5 investors, which must meet 1,000 jobs requirement from USCIS. The Oosten Condominium project’s job creation is expected to fetch 57% more than the USCIS’s job requirement.

  1. Solid Capital Structure and Clear Exit Strategy

Net sales proceeds form the Oosten’s units shall be used to repay the construction loan first and then the EB-5 loan; The project’s generous profit margin will ensure a safe and timely return of the EB-5 investment. The estimate net sales proceeds from disposal of the project are projected to be about $400 million, after paying off the construction loan, there would be $240 million remaining net sales proceeds, which is more than sufficient to repay the EB-5 loan. The developer will provide corporate guaranty over the EB-5 loan repayment and is confident that I-526 applications should be approved by USCIS. The developer will return investors all their EB-5 investment should the project be denied by USCIS.

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