Regional Center operator CanAm Enterprises has repaid capital for its 39th EB-5 project.
CanAm Enterprises (CanAm) announced that its 39th EB-5 project has repaid its capital in full and on time, bringing CanAm’s total EB-5 capital repayments to more than $1.3 billion. More than 2,600 EB-5 investor families have achieved permanent residency in the U.S. through investments in CanAm’s EB-5 projects.
“With more than $1.3 billion in EB-5 capital repaid, CanAm has reached a significant milestone,” said Tom Rosenfeld, President and CEO of CanAm Enterprises.
The most recently repaid EB-5 investment, valued at $76 million, was utilized by the State of Hawaii to fund the development of the Consolidated Rent-A-Car facility at Honolulu International Airport (the ConRAC project). The EB-5 capital provided by CanAm’s EB-5 investors facilitated critical infrastructure improvements as part of the State of Hawaii’s $2.7 billion plan, while simultaneously creating the new jobs required for EB-5 investors to qualify for permanent residency in the U.S.
“As a leading regional center operator, CanAm has developed an EB-5 investment platform focused on investors and redeployment solutions, putting investors and their specific financial goals and needs first,” Mr. Rosenfeld shared.
The EB-5 Immigrant Investor Program is administered by the U.S. Citizenship and Immigration Services (USCIS). The program provides qualified foreign investors the opportunity to obtain a “conditional” or two-year temporary visa in exchange for a $500,000 investment (or $900,000 after November 21, 2019) in businesses located in high-unemployment areas.
