- Funding Needed
- $40 (Mio)
- EB5 Funding
- $9 (Mio)
- EB-5 Investors
- 18
- Investment Amount
- $500,000
- Job Creation per Investor
- 13.3
- Job Creation (Total)
- 240
- Category
- Arts, Entertainment and Recreation
- Sub-Category
- Golf Courses & Country Clubs
- State
- Wisconsin
- Location
- Wisconsin
1 follower
- Last Update: February 04, 2015 01:01 PM
Funding
Jobs
Location
Your Project was viewed 6 times (totally).
For the last 7 days 0 times.
Geneva Ridge Assisted Living - GRAL
Project Description
GRAL, LP is a Towne Club development located in Walworth County, Wisconsin. In fact, GRAL is being undertaken in cooperation with one of the original development partners in Overseas Investor Funding, LP. This $40,000,000 project will take place on a plot of land which has been subdivided from the Geneva Ridge Resort, and will feature exquisite views of Lake Como. This facility will feature several different service levels so that seniors may transition to progressively enhanced care as their needs change, but all within the same facility.
GRAL, LP has raised $9,000,000 from 18 investors and the project will create 240 jobs. Additionally funding sources include bond financing, developer equity, and new markets tax credits. Investors in this project hail from both China and Vietnam and began filing I-526 petitions in late July 2014. A construction contract was put in place in December 2013 and planning is taking place at this time, with an eye towards breaking ground when the weather permits in mid-2015.
News & Updates
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
