Foreign investors seeking a direct route to a U.S. Green Card via the EB-5 immigrant investor program are offered the unique opportunity to invest as little as US$500,000* in a first-rate American Charter School project. The investment will take the form of a loan made to a developer, ESJ Capital Partners (“ESJ”), an experienced successful developer of multiple charter schools in the state of Florida.
The school will be leased to a successful operator under a long term contract (at 25 years) - Charter School Associates (“CSA”), is a premier operator of Florida based charter schools. CSA operates 17 schools with over 9,000 students with an average “A” grade.
In the form of a subsidy per student, the operator will receive a source of steady income from the local government and the state of Florida to cover for the school operating costs. As they do for all schools across the state, the government will remain responsible of overseeing the school’s financial and academic performance.
Description of the school and location
The school located 12900 East Hillsborough Avenue and McIntosh Road, Hillsborough County, Florida. The school will be a 65,000 square foot facility for 950 students, grades K though 8. The Project encompasses 11.5 acres of vacant land. The project has begun construction for projected delivery in 2015.
* Plus management and legal fees
Project financials overview:
Total estimated cost:
13.02 Million US$
Amount invested by the developer:
3.02 Million US$
4.00 Million US$
Loan from EB-5 investors:
6.00 Million US$
Number of EB-5 investors:
EB-5 Visa’s Job Creation Requirement:
120 jobs (10 jobs per investor)
Jobs creation estimate:
155 jobs (29% exceeding of the requirements)
Amount: 500,000 US$
Management Fee & legal fee (I-526 petition& I-829 petition) : 60,000 US$