gcfrc â€“ eb-5 project hollywood circle

GCFRC – EB-5 ProjectjHollywood Circle

EB 5 Immigration ProgrammeEB-5 Immigration ProgrammeThe EB 5 fifth employment based preference Visa was• The EB-5 fifth employment-based preference Visa was created by Congress in 1990 to encourage the flow of capital into the USA and to promote employment.

• It allows families wishing to enter the United States by investing in a new commercial enterprise that will benefit the U.S. economy and create at least 10 full-time jobs.y j

• Every year, the United States Citizenship and Immigration Services (USCIS) allocates 10,000 Green Cards for this program of which 3 000 are for RegionalCards for this program of which 3,000 are for Regional Centers.

• The USA is normally the hardest country to obtain iti hicitizenship.

• The EB-5 programme will expire in September 2012 unless renewed.

EB 5 Immigration ProgrammeEB-5 Immigration ProgrammeTh EB 5 i iti t d b th St t f• The EB-5 programme was initiated by the State of Vermont in 1990.

• The programme was closed in 1998 for revision and thenThe programme was closed in 1998 for revision and then reopened in 2002 after extensive changes to the legislation.

• The EB-5 programme has been very under utilised because capital was freely available in the USA.

• Now in 2010 the EB 5 programme has been enhanced• Now in 2010 the EB-5 programme has been enhanced with benefits like the ability to draw the Green Card when you wish, so long as you have made the Capital y g y pInvestment required to create jobs.

EB 5 2009 StatisticsEB-5 2009 StatisticsAccording to USCIS fiscal year 2009 the following families wereAccording to USCIS - fiscal year 2009, the following families were approved for EB-5 visas.

• China: 1,979 • South Korea: 903• South Korea: 903 • Britain: 326 • Canada: 85

J 84• Japan: 84 • India: 72 • Russia: 60 • Netherlands: 38 • Mexico: 33 • South Africa: 31• TOTAL: 3611

Benefits of United States ResidencyBenefits of United States Residency

• Unmatched prosperity and freedom• Safety, security for family and financesy y y• Access to free primary and secondary education.• U S universities at a much reduced cost• U.S. universities at a much reduced cost. • Social security• US pension and medical • Own businesses, property and homes anywhere

in the USA.

How Regional Centers Work

R i l C t li d d d b• Regional Centers are licensed and approved by the USCIS (United Stated Citizenship and Immigration Services) and the Department ofImmigration Services) and the Department of Homeland Security to manage large projects that create investment and employment in the USA and documentation has to be drawn up toUSA and documentation has to be drawn up to SEC standards.

• In order to achieve approval from the US• In order to achieve approval from the US Government, the Regional Center has to go through rigorous checks and legislative controls and the process takes a substantial amount of time and money.

How Regional Centers Workg

• Regional Centers are tightly controlled by the above departments and have to submitabove departments and have to submit quarterly audit returns to the Government throughout the life of each project.throughout the life of each project.

• Individuals are not required to manage their investment on a daily basis and are permittedinvestment on a daily basis and are permitted to pursue other professional and personal ventures anywhere in the USAventures anywhere in the USA.

Regional Center EB-5 Benefitsg

Si l t th t EB 5 i t iti• Simplest path to EB-5 visa opportunities • Foreigners obtain U.S. residency for their immediate

familyfamily• Eliminate backlogs in residency process• No requirements for:No requirements for:

Language Education

S Sponsors Business/management experience

• Investment capital can come from any lawful activityInvestment capital can come from any lawful activity (gifts, inheritance, business ownership, etc.)

Gold Coast Florida Regional CenterGold Coast Florida Regional Center

F ll d b USCIS th D t t f• Fully approved by USCIS, the Department of Homeland Security and checked by SECcompliant lawyerscompliant lawyers.

• Located in one of world’s most dynamic markets. Th R i l C t th th• The Regional Center encompasses the three South Florida counties of Dade, Broward and Palm BeachPalm Beach.

• The three counties include the following major cities; Miami Hollywood Fort Lauderdale Palmcities; Miami, Hollywood, Fort Lauderdale, Palm Beach and Boca.

What Makes GCFRC “Better”What Makes GCFRC Better

• More than 100 years of proven development experiencep p

• Portfolios’ of more than $6 billion in projectsprojects

• Fully-funded & approved real estate project

• Focused on one of U S ’s most robust real• Focused on one of U.S. s most robust real estate markets

• Satisfies job creation requirements

What Makes GCFRC “Better”Cont’d.

D l t i i T t d E l t A• Development is in a Targeted Employment Area (TEA) and a City Redevelopment Area (CRA)R i d i t t $500 000 d t• Required investment $500,000 and not $1,000,000Cit f H ll d h i th D l t• City of Hollywood has given the Development a $14,500,000 TIF grantC titi dj t d t i t t• Competitive adjusted returns on investment

• Every project has clear exit strategy• Funds held in protective escrow (trust account)

until Green Cards approved or waiver is signed.

What Makes GCFRC “Better”Cont’d.

S i t d ti th t• Superior management and operations that are run by a proven team of real estate, urban planning government and law professionalsplanning, government and law professionals.

• Secure, customized on-line processing system that provides efficient and effective results thatthat provides efficient and effective results that can be tracked by the investor.

• Fees include immigration attorney expenses• Fees include immigration attorney expenses• Affiliated with proven firm Baker & McKenzie,

largest immigration law firm in the USAlargest immigration law firm in the USA.• Allocable fees lower than most regional centers

Project DetailsProject Details397 Apartments

104 room Hotel

1,017 ParkingGarage

46 000 SF46,000 SF Super Market

15,000 SFRetail

LocationLocation

Location Location LocationLocation…Location…Location

Th i i Cit f H ll d• Thriving City of Hollywood • US1 and Hollywood Boulevard (major y ( j

thoroughfares)• Situated between Miami and FortSituated between Miami and Fort

Lauderdale Adjacent to Arts Park at Young Circle with• Adjacent to Arts Park at Young Circle with a traffic flow of 50,000 cars per day.

• Near beaches, restaurants, shopping and more

LocationLocationA li t di f id t d i it• Appealing to a diverse group of residents and visitors, Hollywood Circle is ideally located between Miami and Fort Lauderdale on Downtown Hollywood, Florida’s y ,historic Young Circle

• Perfect for those desiring an exciting, urban i tenvironment.

• Its location at Hollywood Boulevard offers easy access to vibrant Downtown Hollywood magnificent beaches andvibrant Downtown Hollywood, magnificent beaches and other popular destinations.

• From arts and culture to dining and entertainment, gHollywood Circle will be an in-demand destination that offers residents and guests a singular South Florida experience

experience.

• Situated on famous Young Circle at Hollywood Boulevard, Hollywood Circle borders the eastern edge of Downtown Hollywood’s historic business district which isDowntown Hollywood s historic business district, which is home to numerous banks, professional offices, cafés, bistros, shops, art galleries, antique stores, nightclubs and moreand more.

• The ArtsPark at Young Circle is a cultural hot spot, infusing the city's urban setting with gardens, fountains, hild ' l d lti t dichildren's play spaces and a multi-purpose studio.

• The Young Circle promenade is a popular destination for jogging, walking and outdoor events. j gg g, g

• A $2.9 million state-of-the-art amphitheatre with covered seating for 2,500 patrons is under construction and scheduled for completion in December 2010 Thescheduled for completion in December 2010. The amphitheatre will host festivals as well as monthly concerts featuring popular performers and musical groups produced by national event promoter AEG Live

groups produced by national event promoter AEG Live.

LocationLocation

Known as the Gold Coast, South Florida's tri-county area (Broward, Miami-Dade and y ( ,Palm Beach counties) is home to several of the strongest metropolitan markets inof the strongest metropolitan markets in Florida, including Miami, Miami Beach, Fort Lauderdale and West Palm BeachFort Lauderdale and West Palm Beach. The area's financial strength, diverse population and boundless amenities are appealing to many investors.

pp g y

State of Florida Overview

• Fourth largest US state 18 3 millionFourth largest US state 18.3 million • 2008 Gross State Product $743 billion

18th l t i th ld 7th l t i• 18th largest economy in the world, 7th largest in the Americas (including other US states).

• 2008 total international trade $130 billion

• Export of goods and services $ 73 billion• International business is one of Florida’s most

important industries, employing nearly a million Floridians.

South Florida AttractionsSouth Florida Attractions• A wide variety of South Florida attractions are just minutes from

Hollywood Circle, including:• Sunlife Stadium (Miami Dolphins, Florida

Marlins) • AmericanAirlines Arena (Miami Heat)

B kAtl ti C t (Fl id P th )

• Adrienne Arsht Center for the Performing Arts

• Norton Museum of Art Vi M d G d• BankAtlantic Center (Florida Panthers)

• Seminole Hard Rock Resort and Casino • Gulfstream Park Racing & Casino (horse

racing)

• Vizcaya Museum and Gardens • The Morikami Museum and Japanese

Gardens • Lowe Art Museum g)

• Dania Jai-Alai • Hollywood Dog Track • Hollywood Beach Golf and Country Club • The Diplomat Country Club

• Buehler Planetarium • Museum of Discovery and Science and

IMAX Theatre • Las Olas Riverfront• The Diplomat Country Club

• Doral Golf Resort & SpaEverglades National Park

• Miami MetroZoo C S f

Las Olas Riverfront • Clematis Street/City Place • Worth Avenue • Aventura Mall (home to Macy's,

Bloomingdales Nordstrom JC Penney• Lion Country Safari • Miami Seaquarium • Jungle Island • Calle Ocho

Bloomingdales, Nordstrom, JC Penney, Sears and a 24-screen AMC movie theatre)Bal Harbour Shops

• Sawgrass Mills Shopping Mall

Calle Ocho

Project DetailsProject Details397 Apartments

104 room Hotel

1,017 ParkingGarage

46 000 SF46,000 SF Super Market

15,000 SFRetail

Hollywood Circle OverviewHollywood Circle Overview

Fi t R i l C t j t i B d• First Regional Center project in Broward County.

• 25-story mixed-use real estate project• 397 residential units397 residential units• 104-room boutique hotel – The Circ

46 000 ft P bli k t• 46,000 sq ft Publix supermarket• Additional retail and restaurant space

Publix Super MarketsPublix Super Markets

Welcome To The CIRCWelcome To The CIRC

Welcome To The CIRCTh Ci l b ti h t l ill b

Welcome To The CIRC• The Circ, an upscale boutique hotel, will be among

Hollywood Circle’s unique components. • The Circ will be under management Contract with theThe Circ will be under management Contract with the

Desires Hotel and Tecton Management Group.• Desires currently manage and offer many distinctive y g y

hotels at many locations across the USA.• The Circ at Hollywood Circle will join an iconic list of

destinations characterized by the distinct creativedestinations characterized by the distinct, creative design and one-of-a-kind architecture for which the brand is known. The hotel will feature the "Your Desires" program, exceptional customer service, and personalized attention.

ApartmentsApartmentsWh t k H ll d Ci l i ll li i• What makes Hollywood Circle especially appealing in that every need and desire has been taken into account. Among residential amenities will be 24-hour security, g y,concierge services, private parking, secure private entries and all the conveniences that make life more enjoyable such as a fitness center with the latestenjoyable, such as a fitness center with the latest equipment, relaxing health spa and serene pool deck with private cabanas and spectacular views.

• Residences will feature spacious layouts complemented by balconies or patios, each including upgraded refrigerators ice makers dishwashers ovens cook topsrefrigerators, ice makers, dishwashers, ovens, cook tops, microwaves, washers and dryers. An exceptional Hollywood Circle lifestyle awaits.

ApartmentsApartments

Risk FreeGCFRC i ll it li d• GCFRC is well capitalized

• Site has been acquiredq• Zoning entitlements secured• All planning consents obtained• All planning consents obtained• Primary phases underway• Project to be launched with no debt• Hollywood city is 100% behind the projectHollywood city is 100% behind the project• Hollywood CRA $14,500,000 grant

How Hollywood Circle Is DifferentHow Hollywood Circle Is Different

• Residential positioned as a rental projectCity rental vacancy expected to drop to• City rental vacancy expected to drop to 5% this year; 3% by 2012

• Rents and rental demand expected to increaseincrease

• Strong demand for retail space with low i CBDvacancy in CBD area

• Ideal location for boutique hotel© Gold Coast Florida Regional Center

dea oca o o bou que o e

Development BudgetDevelopment Budget

• Total Development Cost is $149Million– Total Land Costs $29Million$– Total Hard Costs $93Million

Total Soft Costs $27Million– Total Soft Costs $27Million

Hollywood Circle Business PlanHollywood Circle Business Plan

• Total being raised is $120 Million from 240 investors

• Defined exit strategies upon completionLi id t th j t• Liquidate the project

• Partial distribution to EB-5 investorsa t a d st but o to 5 esto s• Details in subscription documents

Ownership StructureOwnership Structure

• Hollywood Circle, LLC is the Master Company:p y– EB-5 Investors (Investing Member) – 70%

Block 55 LLC (Contributing Member) 24%– Block 55, LLC (Contributing Member) – 24%– Hollywood Circle Managers, LLC (Managing

M b ) 6%Member) – 6%

Economic ImpactEconomic Impact

Exit StrategiesExit Strategies• Upon project completion we will follow• Upon project completion, we will follow

one of two exit strategies:1 Li id h P j1. Liquidate the Project

• EB-5 investors are projected to yield a 63.90% t th i i t t f th t t l h ldireturn on their investment for the total holding

period (annual average return of 10.65% if held for the entire 6 years)the entire 6 years).

2. Partial Distribution to EB-5 InvestorsD li t h EB 5 i t l t d• Deliver to each EB-5 investor a pre-selected condominium unit in addition to a collective ownership in the hotel component of 80%

ownership in the hotel component of 80%.

TimelineTimeline

• Launched Marketing July 2010• Commence Construction August g

2011• Complete Construction August 2013Complete Construction August 2013• Stabilize the Property August 2013 -

February 2015February 2015• Initiate Sale Exit Strategy March 2015• Condo conversion will follow should the building

not be sold.

Benefits Of InvestmentBenefits Of Investment

• Strength of the Rand• U.S. dollar is the most important currency p y

internationally• South Florida real estate has a strong up-sideSouth Florida real estate has a strong up side • Huge Capital Growth potential

Mixed use residential/commercial properties in• Mixed use residential/commercial properties in demand

• High quality asset available now at a substantial discount

What $500 000 Investment BuysWhat $500,000 Investment Buys

S ll fl t i K l C B• Small flat in Kowloon or Camps Bay• GCFRC EB-5 investment that offers:• U.S. Green Cards for investor, immediate

family (in as little as 30 days) All benefitsfamily (in as little as 30 days) All benefits U.S. residency bringsOpportunity to obtain U S citizenship• Opportunity to obtain U.S. citizenship within 5 years

• A good income and capital return on investment

When Ready To InvestWhen Ready To Invest

• Deposit $40,000 into Royal Bank of Canada account to secure positionp

• Deposit the balance of $500,000 into Royal Bank of Canada accountRoyal Bank of Canada account

• The $500,000 is in escrow (Trust) – used only for construction

• $40 000 (allocable fees) covers legal/filing• $40,000 (allocable fees) covers legal/filing expenses, marketing, administration

Why Act Now?Why Act Now?

P j t l h d i i k t• Project launched in various markets worldwide

• Receiving strong positive responses• Opportunities will disappear quicklyOpportunities will disappear quickly• EB-5 program approved through Sept. 30,

20122012• Continuation not assured• In 2012, program could be extended…or

GCFRC International Marketing Presence

LondonMoscow

Mexico City Hong Kong

Coral Gables Shanghai

Caracas

Mexico City Hong Kong

Durban

Partner BenefitsPartner Benefits

• Excellent chance to attract new clients, fast track business

• Superior compensation in USDP t i i t• Prompt commission payments

Extensive SupportExtensive Support

C l t t i i• Complete training• Presentations, group seminars to potential , g p p

clients• Assistance to clients completingAssistance to clients completing

questionnairesProfessional legal advice from Baker &• Professional legal advice from Baker & McKenzie

• At your side every step of the way• NO SURPRISES

Payment StructurePayment Structure

• $7,500 first payment after cooling period$7,500 first payment after cooling period

$• $7,500 balance after client receives conditional approval from USCISpp

GCFRC’s Impact On Your BusinessGCFRC s Impact On Your Business

• Association with reputable developerAssociation with reputable developer increases EB-5 program credibilityCli t d i t i t i lid l t t• Clients desire to invest in solid real estate with solid returns

• Speedy, ideal solution to clients wishing to emigrateemigrate

• Satisfied clients refer additional business

Next StepsNext Steps

• Review material • Visit our website for more infoVisit our website for more info• Read and execute distributorship

tagreement• Make appointments with potential clientsa e appo t e ts t pote t a c e ts• We’ll present the project to them

www gcfrc comwww.gcfrc.com

www hollywoodcirclefl comwww.hollywoodcirclefl.com

www thecirchotel comwww.thecirchotel.com

• CIRC

COMING

THE ONLY THING YOU HAVE TO LOSETHE ONLY THING YOU HAVE TO LOSE

IS A MISSED OPPORTUNITYIS A MISSED OPPORTUNITY

Thank YouThank You

gcfrc â€“ eb-5 project hollywood circle

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