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$500,000* in a first-rate American Public Charter School project. The investment will take the form of a secured loan made to True North Classical Academy, Inc., a Florida Not for Profit Corporation which will build, own and operate the new school.
In the form of a subsidy per student, the operator will receive a source of steady income from local and state governments to cover for all the school operating costs. As they do for all public schools across the state, the government will remain responsible of overseeing the financial and academic performance of the school.
Description and Location of the School
This is an expansion of the existing public charter school named True North Classical Academy, which is located at 9393 SW 72nd Street, Miami, Florida and served grades Pre K - 8. The new high school can accommodate 600 additional students and expand grades to Pre K - 12. The Project is scheduled to be completed in 2020.
* Plus management and legal fees
Project Financials Overview:
- Total estimated cost:
9.793 Million US$
- Number of investors:
- EB-5 Visa’s job creation requirement:
- School currently in operation
Amount: 500,000 US$
Management Fees: 55,000 US$ (excluding Legal fees & Application fees)