Funding

Funding Needed
$131 (Mio)
EB5 Funding
$55 (Mio)
EB-5 Investors
110
Investment Amount
$500,000

Jobs

Job Creation per Investor
12.3
Job Creation (Total)
1350
Category
Real Estate and Rental and Leasing
Sub-Category
Lessors of Residential Buildings and Dwellings

Investment

Structure
Loan

Immigration

Does this project have approved I-526's?
No
Does this Regional Center have approved I-526's?
Yes
Does this Regional Center have approved I-829's?
Yes

Location

State
Maryland
Location
Prince George County

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Woodridge: Smith Home Farm, Maryland


Developer Name
WOODRIDGE CAPITAL PARTNERS, LLC

Project Description

CMB anticipates a partnership EB-5 investment loan to a Woodridge Capital Partners, LLC affiliate to assist in the financing of a 646-acre master planned residential development project. The multi-phase project will ultimately consist of the development and construction of all horizontal backbone infrastructure necessary to develop 1,926 residential lots, which will be sold to homebuilders. Smith Home Farm is a large-scale master planned community development in the Maryland suburbs of Washington DC. It is located in the greater Westphalia Sector Plan, a new urban township development in Prince George’s County, Maryland. Westphalia Sector spans over 6,000 acres, and encompasses a transit-oriented Town Center with 3 to 5 million square feet of commercial space, and 18 different residential and commercial real estate developments. Smith Home Farm is the most prominent development, with over 646 acres of land. 
Westphalia Sector is strategically located near the intersection of the Capital Beltway (I-495), the primary highway artery in the D.C. metropolitan area that encircles the city, and Route MD-4 (Pennsylvania Avenue), one of the principal corridors into Washington D.C. By virtue of this ideal location, which is approximately ten miles from the U.S. Capitol and the Pentagon, Smith Home Farm enjoys convenient access to major employment and commercial centers in both Washington D.C. and suburban Maryland. 

Project Timeline

Phase 1 (465 lots): Construction from Q1 2013 to Q4 2016
Phase 2 (403 lots): Construction from Q1 2015 to Q3 2017
Phase 3 (275 lots): Construction from Q2 2015 to Q3 2017
Phase 4 (300 lots): Construction from Q1 2016 to Q1 2017
Phase 5 (247 lots): Construction from Q1 2016 to Q3 2018
Phase 6 (236 lots): Construction from Q1 2016 to Q3 2018

Regional Center

CMB Export

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