EB-5 funded project in downtown Hollywood scores $125M loan

EB-5 funded project in downtown Hollywood scores $125M loan

EB-5 Visa, EB5 Visa, EB5 Investments

Rendering of Hollywood Circle and developer Chip Abele

Financing will be used to pay back $60M construction loan

Hollywood Circle, a mixed-use project funded in part with Chinese EB-5 money, closed on a $125 million loan.

The financing, which comes from Athene Asset Management and Ace Global Multi-Credit LLC and other lenders, was used to pay off a $60 million construction loan from City National Bank and to provide working capital for the project, according to a release.


https://therealdeal.com/miami/2019/06/19/eb-5-funded-project-in-downtown-hollywood-scores-125m-loan/

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