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. The school will be operated by Florida Charter Foundation/Franklin Academy.
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 itsoperating costs. As they do for all schools across the state, thegovernment will remain responsible of overseeing the school’s financial and academic performance.
Description of the school and location
The school located at 5000 SW 207th Terrace, Pembroke Pines, Florida.
Theschoolwillbea 148,000 square foot state-of-the-art facility including 15,000 square feet of gymnasium for 2,600 students. TheProjectencompasses 40 acresofland. The project will commence construction in early 2015 for projected delivery of the first phase in August 2015.
* Plus management and legal fees
Total Project Cost:
$41.9 million (estimate)
Investment by Promoter:
$11.9 million (estimate)
Loan from Investors:
60 Immigrant Investors
EB-5 Visa’s Job Creation Requirement:
600 jobs (10 jobs per investor)
Assessor’s Prediction for Job Creation:
716 jobs (19.3% exceeding of the requirements)
$500,000 – investment in the project
$55,000 - management and legal fees (I-526 petition)
Construction Date: 2015-11-11
Construction Date: 2016-03-25
Construction Date: 2016-04-07
Construction Date: 2016-04-26
Construction Date: 2016-06-27