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$500,000* in a first-rate American Public Charter School project. The investment will take the form of a secured loan made to Minneola School Development, LLC. Once built, the project will be managed and operated by Pinecrest Academy Inc., which is a not-for-profit educational organization serves over 6,000 elementary, middle and high school students across 11 campuses in Florida and Nevada.
In the form of a subsidy per student, the operator will receive a source of steady income from local and state governments to cover for the school operating costs. As they do for all public schools across the state, the government will remain responsible of overseeing the financial and academic performance of the school.
Description and Location of the School
The new public charter school named Pinecrest Lakes Academy will be constructed at 14012 Old Hwy 50, Minneola, Florida. Once completed, it will serve grades Pre K-8 and accommodate up to 750 students. The Project was delivered in August 2017.
* Plus management and legal fees
Project Financials Overview:
- Total estimated cost:
9.49 Million US$
- Construction already completed
- School currently in operation
- Grade “A” school operator
- 15 EB-5 investors sought
- EB-5 Visa’s job creation requirement:
196.7 jobs (reached 31.1% exceeding)
Amount: 500,000 US$
Management Fees: 55,000 US$ (excluding Legal fees & Application fees)
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