I-956F Receipt Notice received.
Now you can file I-526E and I-485 concurrently, giving you immediate freedom to live, work and study in the U.S.
Investors can file once they have invested an initial $300k.
ARCFE Group 12 LLC was set up to raise $20M from 25 EB-5 investors to finance the Jackson project. Each investor will contribute $800k in capital since the location qualifies for the new TEA definitions.
The fund raised will be used towards the construction of a 14-story mixed-use condominium building, which consists of 73 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 approximately 91,000 SF. The first and second floor will have about 13,500 SF prime retail spaces. From the third to the fourteenth floor are 73 condominiums units including studio, one-bedroom, two-bedroom, and three- bedroom units.
Strategic Capital is the U.S. subsidiary of CSCEC.
CSCEC ranked 13th on Fortune 500 list, and 1st in its industry. The company was founded in 1982 and over the years, it branched out to 50 countries and regions all around the world. The U.S. subsidiary of CSCEC has completed many notable projects in the U.S., such as: New York City Hall, Brooklyn Navy Yard, Expansion of the Long Island Rail Road, etc.
ARCFE Group 12 LLC will provide $20M in loan for construction of the Jackson project. After project completion, condo units will be sold to repay senior bank loan and EB-5 fund. Jackson project construction commenced January 2019, but paused due to the COVID-19 pandemic. Construction has now resumed and substantial completion is expected in 2023.
Other preferred equity
Total project investment
Jobs will be created during the construction process. Economic analysis calculates that a total of 287 jobs will be created.
Required Jobs to be Created
Expected Jobs Created
The Jackson project is located at the center of Long Island City (LIC). LIC is New York’s fastest growing neighborhood. Its recent growth has opened door to a vibrant mix of things to see and do. The area has one of the most highly accessible transportation hubs, including 8 different subway lines. It is also rich in cultural diversity and home to a large community of artists. LIC is packed with museums, theaters and art spaces, including the infamous MoMA PS1 – one of the largest contemporary art institutions in the country. Rents in this area are competitive but not off-the-chart high like Manhattan, while geographically still managed to be close to the city. This makes LIC the ideal place for young professionals to live in and the highly profitable investment option for real estate investors.
The Jackson Project qualifies for TEA despite the stricter regulations in the EB-5 Reform Bill that was passed on March 15th, 2022. Being qualified for TEA also means that the minimum investment amount per investor is lower. Per the new regulations, TEA projects are placed at $800k per investor, while non-TEA projects are placed at $1.05M.
Our team consists of EB-5 and real estate professionals with many years of experience in both EB-5 and real estate financing. We have been approved by the USCIS in 2013 to raise and manage EB-5 fund. Up to date, we have successfully assisted more than 500 investors to obtain Green Cards through 12 real estate development projects.
EB-5 funds will be paid back from the condo sales. Total sales revenue estimated to be $86M, which is 1.5 times the sum of construction loan and EB-5 amount.
No offer to sell any security is made by this website. The information on this web site is not an offer to sell or solicitation of an offer to buy an interest in any investment or for the provision of any investment management or advisory services. Any such offer or solicitation will be pursuant to exemptions from registration requirements set out in applicable securities laws and made only by means of delivery of a confidential private offering memorandum relating to a particular investment to qualified investors in those jurisdictions where permitted by law.