Saltaire St. Petersburg
Luxury Condominiums
Phase II (Loan)
EB-5 Offering Terms
| Project Developer | The Kolter Group |
| EB-5 Loan | $77.6 million |
| Min. Investment | $800,000 |
| Structure | Debt |
| Return | Fixed Preferred Return |
| Term | 5 Years |
| Escrow | Yes |
| I-956F Exemplar | Submitted |
| I-526E Filings | Now Available |
| Project Security | Repayment, Completion, I-526E Approval Refund Guaranties; and High Job Cushion |
Project Highlights
- Kolter is one of the largest private developers in the United States and has invested in real estate projects totaling over $24 billion in value since 1997; Kolter has never not completed a project or repaid a loan. All EB-5 investments in Kolter projects are in good standing or have been repaid.
- Urban TEA qualifies for a 10% visa set aside; reduces waiting time for a green card after I-526E approval.
- 35-story luxury condominium development in downtown St. Petersburg, Florida.
- Construction is underway; 100% of 192 condominium units already sold out. Buyers have made nonrefundable cash deposits.
- 60+ EB-5 Investors have already joined EB-5 Phase II of the project
- All required jobs already created for all EB-5 investors.
- Phase I of the project has already received USCIS I-526 and I-924 “exemplar” approval.
- Senior loan agreement with Wells Fargo Bank.
- Appraisal valuation report from CBRE Group.
- I-526E approval refund guaranty.
- Construction completion guaranty.
- Loan repayment guaranty.
- 10+ prior EB-5 projects by EB5AN; 100% financial success and USCIS project approval on all prior projects.
- H-1B / F-1 / E-2 / TN / L-1 visa holders can immediately adjust immigration status.
Project Video
Construction Tour Video: December 2022
Project Introduction Download
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One of the largest private developers in the United States, The Kolter Group LLC, together with its predecessors and affiliates, has invested in real estate projects totaling over $24 billion in value (both realized and in-process). The company is headquartered in south Florida with five (5) divisions – Homes, Multifamily, Hospitality, Land, and Urban – and has developed thousands of single-family homes, condominium units, hotel rooms, and finished land lots in Florida. The company has borrowed billions of dollars over its 25+ year history and has never not repaid a loan. All EB-5 investments in Kolter projects are in good standing or have been repaid.
EB5AN is a national EB-5 consulting and investment firm with of a unique team from a diverse set of institutional backgrounds including business strategy, private equity, capital markets, and real estate as well as securities, tax, and immigration law. The firm’s diverse backgrounds give it an advantage in identifying and structuring EB-5 deals from a professional finance perspective with established developers in the United States who are interested in creating economically feasible and financially sound EB-5 projects.
Erin Osborne is the founder and managing partner of EB5 Economist, an economic research firm specializing in analyzing the economic impact of EB5 projects. The team at EB5 Economist has completed more than 100 EB5 economist impact reports and is well respected in the EB5 industry. The firm is based in south Florida and works with EB5 projects around the country.
Founded in 2009, Customers Bank, which is publicly traded on NYSE with the ticker symbol CUBI, is a super-community bank with over $20 billion in assets. With an extremely diverse client portfolio, ranging from small businesses and individual clients to private entities with net worth in excess of $100MM, Customers Bank believes in dedicated personal service for the businesses, professionals, individuals and families with whom they partner. With its nationwide network of offices and operation centers, Customers Bank was listed #31 on the Forbes list of America’s Best Banks in 2023.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the United States, with offices throughout the U.S., Grand Cayman, and China. They offer an extensive range of professional services and a high degree of specialization. Marcum is a founding member of the Leading Edge Alliance (LEA). As the second-largest international professional association, LEA Global can open doors in the more than 106 countries where its 220 member firms operate.
KAST Construction was designed and built by top executives from the nation’s largest and most prestigious construction firms. These industry leaders share a passion for continuous improvement, professionalism, and attention to detail. Based in West Palm Beach, Florida, KAST has expertise in varied industries from healthcare and hospitality to commercial and multifamily residential development.
CBRE Group is an American commercial real estate services and investment firm. It is the largest commercial real estate services company in the world and is publicly traded on the New York Stock Exchange under the ticker CBRE. The firm is ranked 146th on the Fortune 500. Headquartered in Los Angeles, California, CBRE Group provides independent real estate valuation services to real estate development projects worldwide.
Wells Fargo & Company is a publicly traded American international banking and financial services holding company headquartered in San Francisco, California. Wells Fargo is the world’s second-largest bank by market capitalization and the third largest bank in the U.S. with $1.930 trillion dollars in assets and 268,800 employees. In 2016, Wells Fargo ranked 7th on the Forbes Magazine Global 2000 list of largest public companies in the world.
