ARCFE Group 12
Jackson
I-956F Approved.
I-526s Approved.
EADs & APs Approved.
Qualified for TEA
Award-Winning
Regional Center
Prime location
JACKSON
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.
PRIME LOCATION WITH HIGH RENTAL DEMAND
LONG ISLAND CITY
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.
Developer
SOME COMPLETED PROJECTS
DECADES OF HANDS-ON EXPERIENCE
JACKSON:
Strategic Capital
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.
TEA QUALIFIED
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.
EXIT STRATEGY
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.
Who We Are
Over 10 Years of Experience
Award-Winning Regional Center
ARCFE is an award-winning EB-5 regional center with over 10 years of experience in real estate financing. We were first designated by the USCIS in 2013 and are redesignated under the new law in 2022. Our team consists of professionals in the immigration, real estate and financial industries, including team members who are CFA and CPA.
Our team works diligently to explore opportunities to provide investors with the best EB-5 projects and flexible investment solutions to meet investors' needs. ARCFE investors who filed concurrently for Adjustment of Status in the U.S. have successfully obtained their EAD card and Advance Parole within just 4-8 months of filing.
