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| Image from CaRE website |
California Real Estate Regional Center, a boutique real estate investment bank and EB-5 regional center in Los Angeles, announced on Monday that it would develop a $75 million extended-stay hotel for the University of Southern California Health Sciences Campus. The regional center, also known as CaRE will work with NMS Capital Group, a financial services firm in Beverly Hills, on the project, which will feature 200 guest rooms, more than 13,000 square feet of retail space and a conference facility to serve the USC Medical Campus. CaRE provides real estate developers with debt and equity capital from foreign investors who wish to invest in a U.S. business in order to obtain permanent residency through the EB-5 program. These investors can receive a green card if they place at least $1 million into job-creating projects in the U.S...
Full story at http://labusinessjournal.com/news/2014/aug/25/extended-stay-hotel-be-developed-usc-medical-campu/
See also http://finance.yahoo.com/news/care-eb-5-regional-center-200000001.html
From the CaRE website:
California Real Estate Regional Center (CaRE) is a Los Angeles based boutique real estate investment bank and Federally designated EB-5 Regional Center. CaRE provides Southern California real estate developers with debt and equity capital from foreign investors who wish to invest in a US business in order to obtain lawful permanent residence through the EB-5 green card program. Our team has over 50 years of global finance and real estate experience in the US, China, Russia, Europe and South America.
Source: http://eb5socal.com/
Quite different from the funding of the UCLA Grand Hotel, now under construction! No worries about what happens if the hotel doesn’t make a profit. You can bet that the various taxes for the USC hotel will be paid so there will be no lawsuits such as the one presently challenging UCLA’s claims of tax exemption.
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