Foreign investors seeking a direct route to the United States of America via the EB-5 immigrant investor program are offered the unique opportunity to invest as little as US$500,000* in a first-rate American Public Charter School project. The investment will take the form of a secured loan made to Academica, Well established in the region and headquartered in Miami, Florida, Academica is an experienced successful developer and operators of over 100 charter schools across the United States. Once built, the Project will be managed and operated by Somerset Academy, Inc.
In the form of a subsidy per student, Somerset Academy, Inc will receive a source of steady income from the local government and the state of Florida to cover for the school operating costs. As they do for all schools across the state, the government will remain responsible of overseeing the school’s financial and academic performance of Orange County Preparatory Charter School.
Description and Location of the School
The school is located at 1400 Old Dixie Highway, Homestead, FL 33030 which is in Miami-Dade County. The 27,000 square foot expansion is located right next to the existing school and when completed it will accommodate a total of 900 students (net gain of 625 students). The Project will commence construction in late 2015 with a delivery in August 2016.
* Plus management and legal fees
Project Financials Overview:
Total estimated cost:
10 Million US$
Amount invested by the developer:
5 Million US$
Loan from Investors:
5 Million US$
Number of investors:
EB-5 Visa’s Job Creation Requirement:
100 jobs (10 jobs per investor)
Jobs creation estimate:
145 jobs (45% exceeding of the requirements)
Amount: 500,000 US$
Management Fee & Legal Fee (I-526 petition & I-829 petition):60,000 US$