Funding

Funding Needed
$13 (Mio)
EB5 Funding
$3.5 (Mio)
EB-5 Investors
7
Investment Amount
$500,000

Jobs

Job Creation per Investor
11.4
Job Creation (Total)
80
Category
Healthcare and Social Assistance
Sub-Category
Assisted Living Facilities for the Elderly

Location

State
Georgia
Location
Powder Springs, Georgia

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Viji Durga

Last Update: February 04, 2015 01:01 PM

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Sweetwater Terrace Independent Living - SWIL


Project Description

SWIL, LP involves the construction of the independent living section of a senior care facility in Powder Springs, Georgia. It is the sister project to SWAL, LP and these limited partnerships are cooperating with the Beverly J. Searles foundation to develop a single senior care facility to feature independent living units as well as assisted living and memory care ones. The total cost of the independent living segment of the project is about $13,000,000 and 7 EB-5 investors are funding $3,500,000 of that with the balance coming from tax-exempt bond proceeds and developer’s equity. Over 80 jobs will be created as a result of the SWIL, LP investments and this will be purely new construction, not rehabilitation.

 
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