Foreign investors seeking a direct route to the United States of America via the EB-5 immigrant investor program are offered a unique opportunity to invest as little as US$500,000* in a first-rate American Public Charter School project. The investment will take the form of a secured loan made to School Property Development Tampa, LLC. Once built, the project will be managed and operated by Mater Academy, Inc., which is a not-for-profit educational organization operating 27 schools across 16 campuses serving over 14,000 students in Florida.
In the form of a subsidy per student, the operators will receive a source of steady income from local and state governments to cover for the school operating costs. As they do for all public schools across the state, the government will remain responsible of overseeing the financial and academic performance of the school.
Description and Location of the School
The new charter middle and high school is located at 7120 Gunn Highway, Tampa, Hillsborough County,Florida. Once completed, it will accommodate 6th to 12th grades and it will accommodate up to 1,400 students. Construction will commence in September 2017 for a projected delivery in July 2018.
* Plus management and legal fees
Project Financials Overview:
Total estimated cost:
17.7 Million US$
Amount invested by the developer:
7.7 Million US$ (43.5%)
Loan from investors:
10 Million US$ (56.5%)
Number of investors:
EB-5 Visa's Job Creation Requirement:
343 jobs (20 jobs per investor) reached (71.5% exceeding)
Amount: 500,000 US$
Management Fees: 55,000 US$ (excluding Legal fees & Application fees)