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
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
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
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