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$500,000* in a first-rate American Charter School project. The investment will take the form of a loan made to an experienced developer, Academica. Well-established in the region and headquartered in Miami, Florida, Academica has extensive experience in developing and operating charter schools and currently serves over 100 schools in Florida, Georgia, Texas, California, Utah and Nevada.
In the form of a subsidy per student, the school will receive a source of steady income from the local government and the state of Florida to cover for its operating costs. As they do for all schools across the state, the government will remain responsible of overseeing the school’s financial and academic performance.
Description of the school and location
The school located at 15081 SW 8th Terrace, Miami, FL.
The school will be constructed in two phases, Phase I will be completed in 2016 with 2,100 students. The school will then expand its student base by 900 after this Phase II (Pinecrest South) is built (estimated to be completed in August 2018).
* Plus management and legal fees
Project financials overview:
Total estimated cost:
12.2 Million US$
Amount invested by the developer:
3.2 Million US$
Loan from investors:
9 Million US$
Number of investors:
EB-5 Visa’s Job Creation
Requirement: 180 jobs
(10 jobs per investor)
Jobs creation estimate:
Amount: 500,000 US$
Management Fee & legal fee (I-526 petition& I-829 petition) : 60,000 US$