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 15,000 students.
Once the school construction will be completed, Avant Garde Academy (“AGA”) 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 AGA 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
Kissimmee is a city in Osceola County, Florida, United States. According to the latest census, the population in the county was of 59,682 inhabitants. Kissimmee is the principal city of the Orlando - Kissimmee-Sanford, a Metropolitan Statistical Area which has a population of 2,134,411 inhabitants with a median household income of USD $42,355. Kissimmee is located in the South of Orlando and right next to World Disney Parks and Orlando’s international airport.
The school will occupy a surface of 74,902 Sq. ft. and will have a 1300-student capacity (Grades 6-12).
* Plus management and legal fees
Total Project cost:
US$15.4 million (estimate)
Amount invested by the developer:
US$3.9 million (estimate)
Loan from Investors:
Number of investors:
EB-5 Visa’s Job Creation Requirement:
230 jobs (10 jobs per investor)
Jobs creation estimate:
US$500,000 – investment in the project
US$55,000 - management fee including legal fee (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: 2014-05
Construction Date: 2014-07
Construction Date: 2014- 08
Construction Date: 2015-03
Construction Date: 2016-04