Funding

Funding Needed
$100 (Mio)
EB5 Funding
$100 (Mio)
EB-5 Investors
200
Investment Amount
$500,000

Jobs

Category
Real Estate and Rental and Leasing
Sub-Category
Lessors of Other Real Estate Property

Location

State
California
Location
Los Angeles

1 follower

Viji Durga

Last Update: February 04, 2015 01:01 PM

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1027 Wilshire


Project Description

Highlights

·         376 Live / Work Luxury Units, plus Retail and Office Space

·         Project Size: 781,643 Square Feet (72,617.01 Square Meters )

·         Including: Pool, Jacuzzi, Saunas, Steam Rooms, Movie/Screening Room,

·         BBQ Areas, Fire pits, Outdoor Game Tables and Much More.

·         Project Start Date: February, 2015

·         Expected Completion Date: July, 2017

·         Project Cost $115 million dollars

·         Construction Loan Negotiated: $83 million dollars

·         Anticipated Completion Value: $225 million dollars

·         Anticipated Annual Revenue of: $15.69 million dollars

Qualification

·         Entitlement Received October 22, 2010

·         Project is Qualified for EB-5 Investors

·         TEA Designation Received October 6, 2011

·         Project is located within California State Enterprise Zone

·         Project is Designated as a Live / Work Project

·         Land for the project already acquired and currently estimated value at $40 million dollars

·         Project profit after completion, stabilization and refinancing $110 million dollars

 

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