The Boynton Beach Multifamily Initial Loan Disbursement Has Set a Fixed Maturity Date for All EB-5 Investment Funds

Boynton Beach Multifamily is a 210-unit apartment complex for active adults age 55+ featuring a 14,000 sq. ft. clubhouse. The project is located in Florida, the #1 state for retirement in the United States.

Boynton Beach Multifamily is a unique urban EB-5 project with key features that benefit EB-5 investors while limiting their financial and immigration risks. The project is being developed by Kolter, a highly experienced, well-capitalized developer with a perfect EB-5 project track record.

Construction of the Boynton Beach Multifamily project is underway, with vertical construction scheduled to begin in January 2025.

Initial Loan Disbursement

We are happy to announce that on November 25, 2024, the partnership made the first disbursement under the EB-5 loan to the Boynton Beach Multifamily project. This significant milestone has set the loan’s maturity date for May 25, 2028, for all EB-5 investment funds, in accordance with the EB-5 loan agreement.

All EB-5 investors who make an investment today will benefit from a pre-established maturity date, providing investors with additional clarity on when the EB-5 investment will be repaid.

Form I-956F Exemplar Approved by USCIS

Boynton Beach Multifamily (Loan) has received Form I-956F exemplar approval from USCIS. This approval means that USCIS has reviewed the project’s documents and found them to be compliant with the EB-5 program. By approving Form I-956F, USCIS has agreed that Boynton Beach Multifamily is in an urban TEA. USCIS also accepted the project’s job creation methodology and EB-5 investment structure. As a result, investors can have greater confidence that an investment in Boynton Beach Multifamily should result in a permanent Green Card.

Overview of the Boynton Beach Multifamily (Loan) EB-5 Project

The Boynton Beach Multifamily (Loan) offering is structured as a secured loan investment, providing a repayment guaranty from a diversified, well-capitalized parent company of the developer. With a short loan term, investors can look forward to a swift return on their investment.

Developed by Kolter Multifamily, a division of The Kolter Group, the project benefits from an excellent developer track record. Kolter is an experienced developer that has completed over 100 residential projects and delivered over 29,000 units. Notably, Kolter has collaborated with EB5AN on over 20 prior EB-5 projects, with all EB-5 investments either in good standing or fully repaid.

Situated in an urban, high-unemployment targeted employment area (TEA), the project qualifies for Urban TEA Designation. Investing in such a project allows EB-5 investors to benefit from a reduced minimum investment of $800,000. Additionally, investors gain access to EB-5 visas reserved for high-unemployment TEA investments, which comprise 10% of the total EB-5 visa supply.

An I-526E Approval Refund Guaranty adds an extra layer of security. If an EB-5 investor’s Form I-526E petition is denied by USCIS, the project facilitates faster repayment of that investor’s $800,000 investment. Moreover, there’s a Job Creation Guaranty from Kolter, ensuring all EB-5 capital will be spent on qualifying expenses that create eligible jobs.

Growing Demand for Active Adult Apartments

Florida is the number one U.S. state for retirees. According to U.S. census data, in 2022, more than one out of every 10 retirees who retired to a different state chose Florida. Florida received more retirees than any other state. By 2024, more than 25% of Florida’s population is expected to be seniors.

While the key target demographic for the Boynton Beach Multifamily project is growing, the competition around the project site is limited. No other active adult apartment community exists or is planned within a five-mile radius of the project.

With high demand and limited competition, the project is expected to perform well. The financial success of the project, in turn, means less financial and immigration risk for EB-5 investors.

Experienced Developer

Kolter is one of the largest private developers in the United States. Since its founding in 1997, Kolter has invested in real estate projects totaling over $30 billion in value. Kolter has developed thousands of apartment units, single-family homes, condominium units, hotel rooms, and finished land lots in Florida.

Over its 25+ year history, Kolter has borrowed billions of dollars and has never failed to repay a loan. All EB-5 investments in Kolter projects are in good standing or have been repaid.

Kolter Multifamily is the rental residential acquisition and development affiliate of The Kolter Group. Kolter Multifamily’s rental communities are strategically located, providing residents with access to the best amenities, services, and local attractions. On-site amenities create enduring value and a sense of community.

Experienced Property Manager

Once operations commence, Boynton Beach Multifamily is expected to be managed by Greystar, a global leader in multifamily rental housing property management. Greystar has over 20,000 team members in nearly 224 markets with over 800,000 units under management.

An experienced, successful property manager helps ensure that the project will generate the operational revenue needed to create qualifying jobs for EB-5 investors.

Independent Regional Center

EB5AN serves as the regional center sponsor for Boynton Beach Multifamily. Since EB5AN is entirely independent from the developer, it can prioritize the interests of its EB-5 investors without any conflicts of interest. EB5AN is an experienced EB-5 regional center operator and has facilitated over $1 billion in investments through the EB-5 program. To date, EB5AN’s total project development costs exceed $4.1 billion.

EB5AN focuses on offering foreign nationals low-risk, high-quality investment opportunities and has helped over 2,300 immigrant investors from over 70 countries.

Learn More about Boynton Beach Multifamily

For more information on the Boynton Beach Multifamily project or other available EB-5 projects, please schedule a one-on-one call with EB5AN.