CanAm Enterprises Reaches Another Important Milestone: Over USD 1.3 Billion in EB-5 Capital Repaid
CanAm Enterprises (“CanAm”) is delighted to announce that its 39 th EB-5 project has repaid in full and on time. The latest repayment brings the total amount of repaid capital by CanAm’s EB-5 projects to more than $1.3 billion. CanAm’s total EB-5 capital repayments to date represent over 2,600 EB-5 investor-families who have successfully obtained permanent residency in the U.S. by investing in CanAm’s EB-5 projects.
“Thank you so much for repaying our investment principal. My family appreciates your team’s support throughout the entire immigration and investment process. Words cannot express how thankful we are,” an investor from China wrote to CanAm.
The latest repaid EB-5 investment of $76 million was utilized by the State of Hawaii to fund the development of the Hawaii Honolulu Airport Consolidated RENT-A-CAR facility (the”conRAC Project”). The EB-5 capital provided by CanAm’s EB-5 investors facilitated much-needed infrastructure improvements as part of the State of Hawaii’s $2.7 billion plan to transform its airports into world-class facilities that meet the needs of residents and visitors alike.
“At CanAm, we are truly excited and proud to have achieved such an important milestone and extend our EB-5 track record with the latest EB-5 project repayment. With over $1.3 billion in repaid EB-5 capital, I am confident to say that our work speaks for itself,” said Tom Rosenfeld, President and CEO of CanAm Enterprises.
The construction of the conRAC Project created a significant number of new jobs in Hawaii and stimulated the State’s economy. The successful development of the Hawaii Airport conRAC Project and associated job creation met the job creation requirements for all of the EB-5 investors to receive permanent residency in the U.S. In addition, CanAm has presented those investors who are required to redeploy their repaid investment capital in various investment options intended to meet each investor’s individual redeployment timeframes, risk tolerances, and expected returns so that they may file their I-829 petitions.
“As a leading regional center operator, CanAm has developed an investor-focused EB-5 investment platform and redeployment solutions that prioritize investors’ specific immigration and financial needs and objectives,” said Mr. Rosenfeld.
CanAm invites everyone pursuing permanent residency in the United States to read CanAm’s EB-5 Program Overview and inquire about the EB-5 Visa options through one of the various contact options.
The EB-5 Immigrant Investor Program is administered by the United States Citizenship and Immigration Services (USCIS). The Program provides qualified foreign investors with the opportunity to earn “conditional” or temporary two-year visas in return for investing $500,000 (or $900,000 after November 21, 2019) in businesses located in high unemployment areas that create or retain at least ten permanent full-time jobs for U.S. workers.