I-956F Receipt Notice received.
Now you can file I-526 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.
AG13 Funding LLC was set up to raise EB-5 funds from 20 investors for two real estate development projects located in Long Island City: 38th Ave & Thomson. Each investor will contribute $800k in capital as both projects qualify for the new TEA definitions.
The 38th Ave project is a 7 stories mixed-use building consisting of 7706 sqft commercial space on the 1st and 2nd floor, 27 parking spaces, and 50 condos throughout the building. Its gross area is 74,042 sqft. The project is looking to raise $11.5M EB-5 funds in the form of Mezzanine Loan.
The Thomson project is a 9 stories mixed-use building consisting of 6778 sqft retail space on cellar through the 2nd floor, along with 34 rental units from the 3rd to 9th floor. The gross floor area is 35,033 sqft. The project is looking to raise $4.5M EB-5 funds in the form of Mezzanine Loan.
38TH AVE PROJECT
38TH AVE PROJECT
iX Development is a New York based construction company with years of experience and many successful projects in the Metropolitan New York area. Some of their previous projects in Long Island City include:
ZD Jasper Realty has over 20 years of construction experience in New York and China, with a growing portfolio of mixed-use, residential, and commercial projects. They bring expertise in the full ground-up real estate lifecycle of acquisition, development, management, and sale. Some of their previous projects include:
EB-5 (MEZZANINE LOAN)
EB-5 (MEzzanine loan)
Other Mezzanine loan
(maximum allowed 25)
Required Jobs to be Created
Expected Jobs Created
Both projects are located in 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.
Both projects qualify 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 are an award-winning Regional Center that has 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 and their families to obtain Green Cards through 12 real estate development projects. Up to date, all of our projects have been approved by USCIS.
38th Ave: EB-5 funds will be paid back through the revenue of condo sales. All 50 units are expected to be sold out in 2027 at $1,300 USD per sqft.
Thomson: EB-5 funds will be paid back through refinancing.
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.