Saltaire St. Petersburg
Phase II (Loan)
- 35-story luxury condominium development in downtown St. Petersburg, Florida
- 90% of condominium units already sold out
- 30+ EB-5 investors have already joined the project
- 21.1 jobs created for each EB-5 investor
- Phase II of USCIS I-924 exemplar approved project
- Construction is underway
- Senior loan agreement with Wells Fargo Bank
- Appraisal valuation report from CBRE Group
- I-526 refund guaranty
- Construction completion guaranty
- Loan repayment guaranty
- USCIS and attorney fee refund guaranty
- Sister project ONE St. Petersburg, 3 blocks away, is 100% sold out
- 12th EB-5 project by EB5AN and the Kolter Group
Project Introduction Download
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 $15 billion in value (both realized and in-process). The company is headquartered in south Florida with four (4) divisions – Homes, Urban, Hospitality, and Land – and has developed thousands of single-family homes, condominium units, hotel rooms, and finished land lots in Florida. The company has borrowed hundreds of millions of dollars over its 20+ year history and has never defaulted on a single loan.
EB5 Affiliate Network 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.
Established in 2001, Signature Bank is a full-service commercial bank in New York City. Its total assets exceed $26 billion. Signature Bank’s clients consist mostly of private entities, each with a net worth of at least $20 million. It is traded in the U.S. stock market on NASDAQ with the trade symbol SBNY. Signature Bank was voted by Forbes Magazine in 2014 as the #1 publicly traded bank in the U.S.
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.