american immigration brochure

American Immigration Group LLC 230 Park Avenue, New York, NY 10169 212-757-2183

A Complete EB-5 Capital Solution for Real Estate Development

David Finkelstein Jacqueline Finkelstein-LeBow Principal & Chief Executive Officer Principal & Chief Operating Officer

Direct: 646-205-1551 Direct: 646-755-7984

Email: [email protected] Email: [email protected]

Qendrese Sadriu Brandon Fife Blake T. Fife

Direct: 646-867-0416 Direct: 646-628-2266 Direct: 646-791-2461

Email: [email protected] Email:[email protected] Email: [email protected]

230 Park Avenue Suite 1549, New York, NY 10169

Office: 212-757-2183

Website: www.eb5aig.com

EB-5 CAPITAL


merican Immigration Group, LLC (“AIG”) is pleased to present an EB-5 capital solution to real estate developers for projects throughout the US. AIG presently has offices in Hong Kong, Palm Beach, Florida and New York and is responsible for managing all facets of the United States Citizenship and Immigration Services (“USCIS”) approved EB-5

Regional Center Immigrant Investor Program.

The EB-5 Program offers foreign immigrants a fast track to US permanent residency for their entire family, leading to full US citizenship. By investing $500,000 into an approved USCIS project through a Regional Center under the EB-5 Immigrant Investor Program that will successfully create 10 US permanent jobs for every $500,000 invested, an entire family can obtain US permanent residency within two years and eventually achieve US Citizenship in 5 years. The program is monitored by the US Government within the control of Homeland Security to assure that all investors meet very strict requirements relating to the background of the entire family and the source of funds used to invest in the USA.

Flexible and low-cost EB-5 financing can play a key role in the project capital stack for Developers of large scale construction projects such as hotels, apartments, office space, restaurants and healthcare facilities even during periods of lack of liquidity in the credit markets. The EB5 loan will be fully non-recourse and subordinated only to the senior acquisition/construction financing. The cost of the EB-5 loan is considerably less than a typical market Mezzanine loan and is an attractive vehicle to replace expensive equity in a Project typically offered by other institutional partners. The EB-5 loan carries a term of five years with possibly two - 12 month extensions. We offer flexible terms to redeploy the Funds for Projects having a shorter life span than five years.

A

“…. now serve

developers for

projects

throughout the US

by providing a

complete EB-5

capital solution…”


TYPICAL CAPITAL STACK

The capital stack* of a typical EB-5 project would be as follows:

Senior Financing 50-60%

Developer’s Equity 15-20%

EB-5 Funding Balance

*The capital stack can vary depending on the precise financials of the project.

FUNDING PROCESS

Generally, the timeline to obtain funds for the project from the time the Developer executes a full term sheet is about 6 months, possibly less for smaller loans, or a bit longer for larger loans. The process begins with a full understanding of your Company’s business, your track record and the purposes for which you will use the EB-5 Loan proceeds. We will analyze the project’s capital structure and other critical financial information (pro forma, business plans and proposed use of the EB-5 Loan proceeds). Upon completion of our review, we will make a determination as to the fitness of your project within the EB-5 Program. A third-party economist will prepare an econometric study predicting the number of jobs to be created based on the construction budgets provided to us. Based on this information, we will determine the amount of funds that may be funded under the EB-5 Program. In the meantime, we will create a New Commercial Enterprise (“NCE”) entity, which is the funding vehicle to the project, as an affiliate of GCRC, and AIG will serve as the manager of the entity. AIG will prepare the USCIS filing documents and NCE’s investor documents. With these documents, AIG will start marketing your project to foreign investors. Once USCIS approves each investor, the NCE will start funding to the project. Examples of some of the required documents to review are:

Complete description of the Project and Business Plan

Market Analysis including third party Broker Opinion of Value to determine the target market and prospective customer base

Sales & Marketing Plan

Permits, air rights and inclusionary bonus agreements that will be obtained, including closing dates for land, air rights, and timeline for predevelopment and construction

Business organization structure and Bios of key personnel


The names and brief background of the architects, general contractor, real estate agents, and others involved in the proposed Project

Detailed construction budget and cash flow model

ROLE OF THE AMERICAN IMMIGRATION GROUP AIG provides a complete EB-5 capital solution for real estate developments. We perform the following services:

Perform a rigorous evaluation to determine if the Project will satisfy EB-5 requirements and provide for a sound investment

Recommend the best financing structure for the EB-5 loan

Prepare detailed business plans and econometric studies to satisfy USCIS EB-5 Program requirement

Determine whether a proposed Project meets job creation requirements of the Program

Assist the Foreign Investors that invest in AIG projects in all aspects of the EB-5 Program

AIG or its agents travel to foreign

Countries to recruit local investor brokers

Investor’s immigration

process starts

Business Plan, PPM, Subscription Agreement, Economic Study,

Immigration Documents, Loan Documents, etc.

Developer provides:

Project Information, Ownership Information,

Sources & Uses, Pro Forma, etc.

If Developer accepts

Project Plan and Financing Structure

Full Review

Preliminary Economic Study

Immigration & SEC Legal Review


Report to USCIS on a periodic basis all activities of the Regional Centers that sponsor the Projects

Manage the day-to-day activities of the new commercial business that provides the loan from the EB-5 proceeds and secures all steps necessary to support the Foreign Investor’s application to obtain a US Visa and green card.

EB-5 BUSINESS MANAGEMENT

A New Commercial Enterprise (“NCE”) is established by AIG for each Project. An Operating Agreement is entered into and an AIG affiliate serves as the manager for that business.

The Manager of the business will perform the following services:

Monitor the activities of business/Project into which the EB-5 Loan is made to ensure continuing compliance under the EB-5 Program

Expend the capital and income of the Partnership in accordance with annual budgets established by the General Partner and in furtherance of the business of the Partnership;

Administer the Loan on behalf of the Partnership and exercise all rights and privileges of the Partnership arising from or relating to the Loan and any Loan documentation;

Update the Foreign Investors periodically on the status of the EB-5 investment and their respective applications to USCIS

Maintain appropriate financial and other records

Retain lawyers and other professionals as may be required on behalf of the Partnership to ensure compliance with all laws and regulations in the United States and abroad

Negotiate, enter into on behalf of the Partnership, and supervise the performance of contracts or agreements with lenders, architects, engineers, surveyors, attorneys, accountants, managers, lobbyists, contractors, subcontractors, and other persons whose services, labor, or materials may be necessary or appropriate in furtherance of the purposes of the Partnership;

Perform any and all acts necessary or appropriate to acquire, expand, improve, maintain, repair, operate, and manage the Partnership’s business;

Secure real and project assets for the benefit of the EB5 Investor’s Partnership real in the Partnership name or in the name of a nominee or trustee for the benefit of the Partnership;

Execute and deliver, on behalf of and in the name of the Partnership, or in the name of a nominee of the Partnership, deeds, bills of sales, deeds of trust, mortgages, notes, leases, ground leases, subleases, licenses, rental agreements, occupancy agreements, and/or use agreements of or with respect to all or a portion of the Property and the Project, and any and all other instruments necessary or incidental to the conduct of the Partnership’s business;


Control and manage the Partnership’s assets and arrange for construction, repair, financing, refinancing, collections, disbursements, maintenance, leasing, and other matters necessary or desirable in connection with the development and construction of the Project and the operation of the Partnership’s business;

REGIONAL CENTER IMMIGRATION SERVICES

AIG manages the EB-5 application process to ensure that the filings with USCIS are thorough and accurate. We handle the full documentation flow between the immigration attorneys, Chinese investor offices overseas, and USCIS. Among other things, AIG provides the following documents to the EB-5 investor's immigration attorney:

A comprehensive business plan that satisfies USCIS requirements

A project specific econometric study that fully describes the regional center job-creation

A signed Operating Agreement for the management of the Partnership which the Foreign Investor invests

All offering documents including PPM and subscription documents

All escrow documentation to secure the investment of the EB-5 funds in a third party banking institution

All documentation detailing the EB-5 loan proceeds in order to establish the feasibility and the completion of the Project


Our Securities and Immigration Counsel are the finest and most experienced in the EB5 industry:

AI G Team + P artners

Andrew Kingston Security Counsel KINGSTON PETERSEN 93 S Jackson Street #17643 Seattle, WA 98104-2818 U.S.A. www.kingstonpetersen.com Andrew Kingston is managing partner with Kingston Petersen and has over 27 years’ experience providing financing, transactional and corporate law services to select clients throughout the world. An honors graduate of Harvard Law School, Andrew has been practicing corporate and securities law for more than 27 years. He got his start in the EB-5 industry in 2009 and has since acted as securities law counsel for EB-5 private placements, working directly with issuers in each case. Andrew has helped a number of EB-5 projects become fully subscribed. He finds that even though he plays a relatively small role in a much larger project, knowing he is part of a successfully developing enterprise is one of the most gratifying aspects of working in EB-5. His success in EB-5 corporate and securities work also lies in his ability to help project sponsors adjust their expectations. Andrew has seen the industry become much more serious, attracting a greater quality of professionals across all of its dimensions compared to when he first began working in EB-5. He hopes that as EB-5 practitioners continue to accrue experience, the quality of projects and EB-5 legal work will continue to improve, and EB-5 will become a more accepted financing tool.

http://www.kingstonlawpartners.com/


David Hirson, Esq. Immigration Counsel David Hirson & Partners, LLP

8 Cheshire Court Newport Beach, CA 92660 U.S.A. http://www.hirsonimmigration.com/index.html With more than 30 years of experience in the practice of immigration law, David was previously the partner in charge of Fragomen's Consular Practice. He has been certified as a Specialist in Immigration and Nationality Law by the State Bar of California, Board of Legal Specialization continuously since 1990. David Hirson & Partners, LLP’s EB-5 practice group is headed by David. David receives recognition year after year as one of the top EB5 lawyers in the Country. David Hirson has been involved with EB-5 cases since the program’s inception in 1991, placing him among the most experienced active EB-5 immigration attorneys in the nation. He was present in the U.S. Senate when EB-5 legislation was originally proposed, and debated and subsequently filed one of the first ever cases for a family from Taiwan. In fact, David filed many of the EB-5 cases that received approval during the first 10 years of the EB-5 program. David recently established his own firm, David Hirson and Partners, LLP, in Newport Beach, California. There David and his team undertake all aspects of EB-5 work, including regional center designations and amendments; advising and structuring EB-5-compliant projects; advising on direct investments, for both small and multi-million dollar raises; and filing individual investor cases for regional center and direct investors.

http://www.hirsonimmigration.com/index.html


James Arata, CPA Accountant Managing Director RSM McGladrey 850 Canal Street Stamford, CT http://mcgladrey.com/content/mcgladrey/en_US.html James Arata is Managing Director at RSM McGladrey. McGladery is a leading provider of assurance, tax and consulting services in the US. McGladrey is a member of the global accounting network; RSM International. McGladrey has more than 6,700 professionals in 75U.S. cities and access to more than 32,000 people in 100 countries through their membership in RSM International.

Evans, Carroll & Associates, Inc. Dr. Michael K. Evans Chief Economist Evans, Carroll & Associates, Inc. 2785 NW 26th Street Boca Raton, FL 33434 http://www.evanseb5.com/ Dr. Michael K. Evans is Chairman of Evans, Carroll & Associates, Inc. Evans, Carroll & Associates is an economic consulting firm, specializing in EB-5 immigration analysis, economic impact studies of development projects and new construction, models of state and local tax receipts, impact of current and proposed government legislation, and construction of econometric models for individual industries and companies. Winner of Blue Chip Economic Indicator Award for most accurate macroeconomic forecasts, Dr. Evans received Ph.D. in Economics at Brown University. Dr. Evans served as Chief Economist at American Economics Group.

http://mcgladrey.com/content/mcgladrey/en_US.html

http://www.evanseb5.com/


AMERICAN IMMIGRATION GROUP LEADERSHIP David Finkelstein CEO & Managing Partner As the founder of the American Immigration Group, LLC (“AIG”) Mr. Finkelstein is responsible for the leadership and direction of the entire staff, both in the USA and around the world, to insure the success of fulfilling all project objectives especially as relates to the required United States Citizens Immigration Service (“USCIS”) EB5 requirements. Prior to his EB-5 work (see below EB5 “Project Experience”), Mr. Finkelstein acquired and developed real estate in both Florida and New York as a Principal and active developer. His company developed and entitled over $150 million of residential multi-family and commercial real estate and with his specialized expertise in finance and development, Mr. Finkelstein was relied upon in structuring and managing the financial needs of each asset.

Jacqueline Finkelstein-LeBow Principal and Chief Operating Officer Jacqueline Finkelstein-LeBow has extensive transactional experience in investment real estate spanning over twenty five years with expertise in financing, and development of core real estate assets including commercial, multi-family and mixed-use properties. Mrs. Finkelstein-LeBow has previously managed and directed Capital Markets and Investment Groups for several of New York’s most prestigious real estate companies including Edward S. Gordon/Insignia, and Trammel Crow. With an emphasis in Manhattan real estate development, Ms. Finkelstein-LeBow utilizes her skills as a skilled strategist and restructuring expert, implementing asset repositioning strategies to maximize the properties market position and enhancing its long term asset value. Mrs. Finkelstein-LeBow was instrumental in many notable development Projects in Manhattan that included equity financing, and development that were converted from office to residential use, residential rental to condominium, or a higher class of office. Some of the most recent Projects included The W Hotel Downtown (new hotel development adjacent to the Freedom Tower), 3 Columbus Circle (large scale commercial development), and 11 East 68th Street (residential rental conversion to condominium.) Ms. Finkelstein-LeBow’s family has many real estate holdings in some of Manhattan’s finest real estate including land for development, hotels,


and luxury condominium structures throughout Manhattan including ownership of one of the largest real estate brokerage and management firms, Douglas Elliman. Brandon L. Fife Vice President Brandon Fife is responsible for analyzing all new Project development. He will meet with Developers throughout the US and assist with the EB5 process to determine the eligibility of their Projects. Mr. Fife will perform the necessary financial analysis and data gathering insuring a rigorous evaluation is conducted to determine that the Project(s) satisfy USCIS requirements and provides a sound investment for funding through the Immigrant Investor Program. Mr. Fife monitors the activities of all on going American Immigration Group Projects to ensure continuing compliance with the EB-5 Program. His previous work experience with notable national firms such as Marcus & Millichap and Douglas Elliman enable him to bring his expertise in real estate investment, marketing, and development to AIG. Qendrese Sadriu-Rrustemi Analyst & Director of Investor Relations Qendrese oversees all paralegal and banking functions at American Immigration. Mrs. Sadriu-

Rrustemi has the integral position of Director of Investor Relations. Mrs. Sadriu-Rrustemi utilizes

her expertise to work closely with the firm’s attorneys, consultants and our escrow bank on all

EB5 related transactions and compliance issues. She was formerly with JPMorgan Chase Business

Banking Department where she managed business relationships, financings and investments. She

is licensed by Financial Industry Regulatory Authority (FINRA), and North American Securities

Administrators Association (NASAA). Mrs. Sadriu-Rrustemi has a Bachelor’s degree in Finance and

International Business from City University of New York.

She fully supports the Finance Department and assists in the management of the EB-5 Immigrant

tracking system to meet the requirements of the USCIS guidelines. Qendrese manages the total

aggregate number of approved EB-5 alien investor I-526 petitions per Federal Fiscal Year made

through the Regional Center and tracks the total number of approved alien investor I-829

petitions per Federal Fiscal year to date made through the Regional Center. Qendrese manages

all communications with foreign agents and investors in the job creating new commercial

enterprise and ensures that all foreign investors complete all appropriate legal documents to

ensure that the alien investor is a sophisticated “accredited investor.”


David Finkelstein

EB-5 PROJECT EXPERIENCE Mr. Finkelstein, as the former Chief Financial Officer for Allied Capital & Development of South Florida, LLC (“Allied”) a Florida Development company and all affiliated EB5 companies was responsible for the financial controls of Allied’s Real Estate projects and establishing all EB5 financial structures and controls for USCIS reporting for the Florida Regional Center and US Immigration Fund (the “Regional Centers” ). He has and remains today at American Immigration Group, LLC instrumental in overseeing the completion of all offering documents, business plans, I-526 petitions, USCIS RFE responses and 924 Regional Center submissions. During his tenure, both these Regional Centers brought to the China market in excess of $500 Million Dollars. These projects included an Allied Capital and Development project, Harbourside Place in Jupiter, Florida, which is a $150 million mixed-use project including other projects in Florida, New Jersey, and New York City for other independent and highly seasoned Developers as follows:

THE CHARLES NEW YORK, NEW

YORK

Located on First Avenue and 72nd Street, this development of a 31story, luxury condominium development consists of a condominium building (the “Building”) with ground floor retail space. This Project received accolades for reaching much higher upper Eastside pricing levels. We are working now on their second EB5 raise at 281 Fifth Avenue


65 BAY STREET JERSEY CITY,

NEW JERSEY The Project is an approximate $200 million dollar capital investment project that features a 48 story rental apartment building, consisting of 417 rental apartments, 217 parking spaces, and approximately 4,000sqft of retail space adjacent to Trump Plaza I.

855 AVENUE OF AMERICAS NEW YORK, NY

This Project is an approximate $400 million dollar capital investment project that features a 41-story rental apartment building located between 30th and 31st Streets, consisting of 302 market rate units (floors 8-41), 77 affordable units, 120,000 square feet of office space (floors 2-6), and 57,000 square feet of retail space (street, 2nd floor, and cellar).

WEST 57th STREET NEW

YORK, NY The Project is an approximate $600 million dollar residential-focused mixed use 41-story building located at West 57th Street between 11th and 12th Avenue in Manhattan, New York. The building will have 711 residential units and 285 parking spaces, with ground floor retail space.


AIG Current Projects:

281 FIFTH AVENUE, NEW YORK, NY The proposed 281 Fifth Avenue project will comprise a 60 story tower mixed-use project located at the southeast corner of Fifth Avenue and East 30th Street in the “NoMad” district which is clustered around Fifth Avenue, NYC and North of Madison Square Park. This Project will contain 145 luxury condominium apartments and prime retail and will be built by one of New York’s finest developers.

SKYPLEX, ORLANDO, FL The proposed Skyplex, a mixed-use project that will comprise the Skyscraper’s roller-coaster, observation deck, restaurant, nightclub, arcade and entertainment center, hotel, retail stores and parking structure. This project is located at the heart of Orlando’s International Drive, the hub of the Tourist and Convention Center District. This Project will comprise a total of 800,000 sq. ft. and will be built by a seasoned third generation development family. This Project has achieved worldwide recognition.


THE GODFREY, CHICAGO, IL

The Oxford Company, one of the finest hotel developers in the country has completed the 16 story, 221-key full service style hotel located in downtown Chicago with approximately 15,000 sq. ft. indoor/outdoor rooftop lounge and event space, spa, and retail.

WEST CHELSEA, NEW YORK, NY 527 West 27th Street, New York, NY Developer: Founded in 1996, Centaur Properties has acquired and developed a broad portfolio of real estate since its inception. This Project will be built Adjacent to Manhattan’s Highline and will comprise residential condominiums totaling 154,188 square feet.


POWDER

MOUNTAIN SKI

RESORT, EDEN,

UTAH Developer: Summit Group led by Greg Mauro a successful entrepreneur and venture capitalist. Summit is the premier community for entrepreneurs, innovators, and leaders who believe that business and collaboration are tools that should be used to make a positive impact in the world. It operates as a mini Davos for entrepreneurs and has a private club membership that includes seasoned entrepreneurs in various industries. Powder Mountain is one of the most prominent ski mountains in the Country with 8000 acres of skiable terrain. This Property will comprise 415,482 sq. ft. of condominiums, single family homes, a village core, and four star hotel.

KINGSBRIDGE NATIONAL ICE CENTER

KNIC Properties LP headed by Mark Messier, the Hall of Fame NY Ranger superstar and Sarah Hughes, figure skating Olympic Champion is transforming the Kingsbridge Armory in the Bronx, New York into the largest ice sports facility in the world. KNIC will develop the 750,000 square foot Armory into a 5,000-seat state-of-the art arena surrounded by eight NHL / Olympic size rinks, which will become a national training and destination facility for ice hockey, figure skating, synchronized skating, speed skating, curling and sled hockey. The property also will have a 50,000-square foot dedicated community center, a 20,000-square foot health and training facility, 50 locker rooms including 12 NHL-size rooms, onsite parking for over 450 cars, equipment storage, maintenance and cleaning services and a pro shop for all ice sports.