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EB5 Projects | AscendAmerica

212.512.0848

info@AscendAmerica.com

 

Our Projects

Current EB-5 Project

refinery-interior
refinery-4
refinery3

THE REFINERY

The Refinery is located on the Williamsburg Waterfront in Brooklyn New York.  The landmarked site of the former Domino Sugar Refinery, is part of a $2 Billion  redevelopment of the Waterfront by Two Trees Management Co.  The project is nearing completion and expected to begin leasing in the coming months. The project is located in a TEA and therefore eligible for the reduced investment requirement of $800K.  Contact us for details at info@ascendamerica.com

Completed EB-5 Projects

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BAM South

300 ASHLAND PLACE
BROOKLYN, NY

Financing:
$262 Million Total Project Cost
$168 Million NY State HFA Bonds (64%)
$74 Million Developer Equity (28%)
$20 Million EB-5 Capital (8%)

EB-5 Details:
40 EB-5 Investors
$20 Million EB-5 Capital Raised
Job Creation Requirement Exceeded
(62 jobs/investor)

Project Status:
Fully Subscribed
100% I-526 Approval Rate
100% I-829 Approval Rate
Funds Returned to Investors Upon Maturity

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325 KENT

325 KENT AVENUE
WILLIAMSBURG, NY

Financing:
$287 Million Total Project Cost
$180 Million NY State HFA Bonds (63%)
$80 Million Developer Equity (28%)
$27 Million EB-5 Capital (9%)

EB-5 Details:
54 EB-5 Investors
$27 Million EB-5 Capital Raised
Job Creation Requirement Exceeded
(50 jobs/investor)

Project Status:
Exemplar Approved
Fully Subscribed
100% I-526 Approval Rate
100% I-829 Approval Rate

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260 KENT

260 KENT AVENUE
WILLIAMSBURG, NY

Financing:
$303 Million Total Project Cost
$175 Million NY State HFA Bonds (58%)
$100 Million Developer Equity (33%)
$28 Million EB-5 Capital (9%)

EB-5 Details:
56 EB-5 Investors
$28 Million EB-5 Capital
Job Creation Requirement Exceeded: 3,659 Jobs (65 jobs/investor)

Project Status:
Exemplar Approved
Fully Subscribed
100% I-526 Approval Rate

This is not an offer to sell or a solicitation of any offer to buy any securities. Offers are made only by the confidential Private Placement Memorandum or other offering materials. To obtain further information, you must complete our investor questionnaire and meet the suitability standards required by law.