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$500,000* in a first-rate American Charter School project. The investment will take the form of a loan made to an experienced developer, Team Contracting, Inc.,an experienced successful developer of multiple charter schools in the state of Florida. Once built, the Project will be managed and operated by Academir Charter School Inc.
In the form of a subsidy per student, Academir Charter School Inc. will receive a source of steady income from the local government and the state of Florida to cover for the school operating costs. As they do for all schools across the state, the government will remain responsible of overseeing the school’s financial and academic performance of Academir Preparatory Academy.
Description of the school and location
The school located at 19301SW 127 Avenue, Miami, Florida.The school (grades K-8) will beknown as “Academir Preparatory Academy”. The construction will commence in late 2015 and the school will be delivered 2016. With a capacity of 850 students, Academir Preparatory Academy will be in position to absorb the extensive waiting list of the sister school “Academir Charter School West”.
* Plus management and legal fees
Project Financials Overview:
Total estimated cost:
8.07 Million US$
Amount invested by the developer:
1.57 Million US$
Loan from investors:
6.5 Million US$
Number of investors:
EB-5 Visa’s Job Creation
Requirement: 130 jobs
(10 jobs per investor)
Jobs creation estimate:
208 jobs (37.5% exceeding of the requirements)
Amount: 500,000 US$
Management Fee & Legal Fee (I-526 petition & I-829 petition):60,000 US$
Construction Date: 2015-11-09
Construction Date: 2015-12-15
Construction Date: 2016-02-09