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 lend as little as USD $500,000* to an experienced successful developer, ESJ Capital Partners (“ESJ”), for investment in a first-rate American Charter School project. ESJ is well-established in the region with successful track record in building several local charter schools currently serving more than 8,000 students.
Once the school construction will be completed, Miami Arts Charter School (MACS.) is to rent the built facility and to become in charge of the official operations of the school in the state of Florida.
In the form of a subsidy per student, the local government and state of Florida will provide a source of steady income for MACS. to cover for operating costs while remaining responsible of overseeing the school’s financial and academic performance as it does for all schools across the state.
Description of the school and location
The subject property is located on a 9.2 acre parcel of land located in Homestead, a city in Miami-Dade County, Florida, United States nestled between Biscayne National Park to the east and Everglades National Park to the west. Homestead is primarily a Miami suburb. Homestead demographics are excellent, its population doubled over the past 10 years and over 38% of residents are between the ages of zero and eighteen years old according to the U.S. Census Bureau. The property is located near Florida’s Turnpike a major intersection running North and South across the state.
The school will occupy 6,317 square meters and will have a capacity of 1,200 students from K through Grade 8 (Kindergarten, Elementary School, and Middle School).
* plus management and legal fees
Total Project Cost:
$16.2 million (estimate)
Investment by Developer:
$4.2 million (estimate)
Loan from Investors:
24 Immigrant Investors
EB-5 Visa’s Job Creation Requirement:
240 jobs (10 jobs per investor)
Assessor’s Prediction for Job Creation:
$500,000 – investment in the project
$55,000 - management and legal fees (I-526 petition)
Note: The investment will remain in escrow until the approval of the I-526 petition and will only be released in the project in case of an approval.
Construction Date: 2013-04
Construction Date: 2013-12
Construction Date: 2014-01
Construction Date: 2014-03
Construction Date: 2014-04
Construction Date: 2014-08