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$500,000* in a first-rate American Public Charter School project. The investment will take the form of a secured loan made to SOHO School Development, LLC. Once built, the project will be managed and operated by Academica, which currently serves over 100 schools in Florida, Georgia, Texas, California and Nevada.
In the form of a subsidy per student, the operator will receive a source of steady income from local and state governments to cover for all the school operating costs. As they do for all public schools across the state, the government will remain responsible of overseeing the financial and academic performance of the school.
Description and Location of the School
Somerset Academy SOHO is an existing charter school located 325-377 NE 3rd Drive, Homestead, Florida. The project will be the expansion of the existing school and is considered as Phase 2. The Phase 2 expansion will accommodate another 450 students from grades 6 – 12 and is scheduled to open in August 2018.
* Plus management and legal fees
Project Financial Overview:
- Total estimated cost:
7.7 Million US$
- Amount invested by the developer:
2.7 Million US$ (35%)
- Loan from investors:
5 Million US$ (65%)
- Number of investors:
- Number of Job Creations:
Amount: 500,000 US$
Management Fees: 45,000 US$ (excluding Legal fees & Application fees)