CMB Group 91 Receives I-956F Approval in Record 5 Months
04 July 2024 - 1:33AM
We are thrilled to announce that CMB Group 91 has received its
I-956F approval from the United States Citizenship and Immigration
Services (USCIS) in less than five months. This swift approval
marks a significant milestone and sets a new benchmark for
approvals in the ‘High Unemployment’ EB-5 investment category. Most
importantly, the approval of the I-956F allows USCIS to begin
adjudicating I-526E petitions of the 99 limited partners in Group
91.
CMB Group 91: DTW Air Cargo provided $79.2 Million in financing
for the construction of a 302,600 square foot air cargo facility
(including various support facilities) at the Detroit Wayne County
Metropolitan Airport (DTW). DTW is one of the world’s largest air
transportation hubs with more than 1,100 flights per day to and
from four continents. The facility will be utilized by a Fortune
500 major air cargo operator. Hillwood Development Company served
as the borrower and project developer for the project.
The Group 91 EB-5 investment is now fully subscribed and
qualified under the ‘High Unemployment’ set-aside category
implemented by the EB-5 Reform and Integrity Act of 2022 (RIA). The
approval of this EB-5 investment partnership in under 5 months
provides some insight into the way the USCIS is prioritizing the
various set-aside categories. This ‘High Unemployment’ investment’s
adjudication time rivals some of the fastest processing we have
seen, in even the ‘Rural’ category.
This quick adjudication is an important consideration for
prospective investors weighing the financial risks of ‘Rural’ EB-5
opportunities against the potential for faster processing. The
location of a real estate development, (in particular projects in
rural areas) has a significant impact on the financial risk for
investors. Whether ‘Rural’ or ‘High Unemployment’, CMB holds its
projects to the same standards and will only offer EB-5 projects
that balance the inherent financial risks of the investment with
the potential for priority processing as introduced by the RIA in
2022.
CMB Regional Centers (CMB) and Hillwood Development Company
together represent one of the most successful lender-borrower
relationship in the EB-5 industry and are both leaders within their
own respective industries. CMB continues to be recognized as a
pioneer within the EB-5 industry with over 25 years of experience
assisting families from 103 countries around the world with their
goal of immigrating to the United States through the EB-5 program.
Hillwood, as one of the largest and most successful developers in
the U.S., has and continues to develop projects for over 90
companies listed in either Fortune 500 or Global 500.
CMB currently has several EB-5 investment opportunities
available for subscription. Please contact us HERE to learn
more.
+1-309-797-1550
www.cmbeb5visa.com
info@cmbeb5visa.com