Step 1 – Contact Ashcroft Sullivan Economic Development Centers to Determine Suitability
Review Ashcroft Sullivan Economic Development Centers Investment Fact Sheet:
- Investment Minimum: The minimum investment for Ashcroft Sullivan Economic Development Centers projects is $500,000.
- Fees: Fees that cover administrative costs, marketing and legal expenses associated with each unit of investment are $53,000. This does not include each investor’s immigration attorney fees associated with the preparation and submission of the petition assumed by each individual investor.
- Investment Structure: Ashcroft Sullivan Economic Development Centers project loans are made by a newly created commercial enterprise (a limited liability company) in which the EB-5 investors make their capital contribution. The Loan is made to a newly created commercial enterprise affiliated with the real estate project that is creating new jobs in the United States.
- Investment Term: The average term of the investment is five years.
- Investment Location: The location of our projects varies, depending on the location of the Regional Center and the respective Targeted Employment Area(s). Ashcroft Sullivan Development Centers is expecting approval in 2015 in the greater New England and Mid Atlantic Regional Centers.
- Job Creation: The total amount of jobs created varies from project to project, depending on the size of the loan and the scope of the project. The required number of jobs needed for each investment also varies depending on the economic model used to determine the amount of indirect jobs that will be created. To ensure USCIS approval, Ashcroft Sullivan Economic Development Centers requires that projects not only meet the minimum job requirements, but also exceed them. In all cases, more than ten jobs per investor will be created for each project.
- Interest Income: Interest income for the new enterprise is the interest payments made by the borrower to the Regional Center’s lender. After administrative and monitoring costs are paid, investors receive nominal interest depending on the interest rate, which is negotiated based on prevailing key federal loan interest rates. Interest is paid on an annual basis generally.
- Exit Strategy: The investment structure for all new enterprises is, on average, a full five-year term. Within two to three years, investors learn the status of their permanent green card application. Once the minimum five-year term has elapsed, investors may apply for U.S. citizenship.
Understand all the Risks Factors:
- Risk Factors: There are specific risk factors for each new enterprise, which are specifically addressed and described in detail in the offering materials for each new enterprise. While risk factors differ for each new enterprise, general risks include economic conditions, failure to meet job requirements and denied immigration status under the EB-5 Program.
Understand the criteria about Accredited Investors:
- In the U.S., an individual is considered to be an accredited investor if he or she has a net worth in excess of $1 million (excluding the value of the primary residence), or has income exceeding $200,000 each year for the last two years, $300,000 with spouse if married, and has reasonable expectation to earn the same amount in the current year and beyond. For more information, please visit U.S. Securities and Exchange Commission website.
- Fill out and submit a Confidential EB-5 Investor Questionnaire and an Initial Intake Questionnaire. Obtain notice from Ashcroft Sullivan Economic Development Centers about suitability.
Step 2 – Review Offering Documents
- Potential investor hires a U.S. immigration attorney or designated representative to assist investor with the review of offering documents;
- Perform due diligence on the applicable Project;
- If investment project is suitable, complete and sign the Investor Subscription Agreement and sign all relevant documents, remit subscription proceeds amount by wire to designated escrow account, and send administrative expense fee of $53,000 to Ashcroft Sullivan Economic Development Centers; and
- Receive remittance confirmation letter from Escrow Bank.
Step 3 – Investor submits Form I-526 to the United States Citizenship and Immigration Services (“USCIS”) and –
- Prepares necessary Source of Funds Retains an immigration attorney to prepare and file the I-526 Petition to be submitted to the USCIS. Receives notice from the USCIS about the adjudication decision (approximately 8~14 months).
- Investor will receive a Welcome Package from Ashcroft Sullivan Economic Development Centers.
- In the case of a denial of I-526, Ashcroft Sullivan Economic Development Centers will endeavor to replace the investor and refund principal but not the administrative fee.
Step 4 – Prepare for Consulate Interview or Status Adjustment
- If investor resides outside of the U.S., Consulate Interview will be scheduled.
- If investor resides in the U.S. with a valid visa, investor’s immigration attorney will help adjust the visa status.
- Investor may receive conditional green card.
Step 5 – Submit I-829 Submission
- Three months before the conditional green card expires, immigration attorney will submit the I-829 Petition to remove the condition.
- Once I-829 petition is approved, investor may receive a permanent green card.
- Principal might be repaid to each investor after the loan matures.