Funding

Funding Needed
$156 (Mio)
EB5 Funding
$49.5 (Mio)
Amount Subscribed
$135 (Mio)
EB-5 Investors
99
Investment Amount
$500,000
Subscription Fee
55,000
Discount Fee
55,000

Jobs

Job Creation per Investor
20.5
Job Creation (Total)
2034
Category
Construction
Sub-Category
Commercial and Institutional Building Construction

Investment

Expected Return
7% per annum
Principal equity in project?
Yes

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?
No

Location

State
Florida
Location
655 West Church Street, Orlando, Florida

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ORLANDO CITY SOCCER PROJECT


Developer Name
Orlando City Soccer Club

Project Description

 

ORLANDO CITY STADIUM IS FINISHED AND INAUGURATED ON MARCH 5TH 2017!

Orlando City's downtown stadium is an 100% privately funded project. The site is two blocks from the Amway Center, within walking distance of the downtown bar district, one of the best locations of any soccer stadium in the country! The stadium has been designed with the intention of creating the loudest and most intimidating atmosphere in Major League Soccer, with North America's only safe-standing supporter section and a low slanted roofline to amplify crowd noise

Stadium Details

  • 25,500 capacity
  • 360 lower bowl
  • Canopy to enhance crowd noise and provide shelter from sun / rain
  • Field sunken 8' below ground level to offer spectacular views from street level
  • All natural grass playing surface
  • Single deck safe-standing supporter section
  • Expansive fan plaza spanning 10,000 square feet

Project Timeline

ORLANDO CITY STADIUM IS FINISHED AND INAUGURATED ON MARCH 5TH 2017!


Conversations

user
Information about this project
Hello, I am writing from Ecuador. I would like to have more information about this project in order to have a good...
Tattiana Correa, November 16, 2017 05:38 PM [Answered] 1
user
Update
When will release the next update?
Andre, November 07, 2016 04:23 PM [Answered] 1

Reports

ORLANDO CITY SOCCER PROJECT: Contact Information

Contact Person
Giovana Avallone
Address (contact)
1200 Brickell Avenue Suite 1950 Miami, FL 33131
Phone
+1 305 961 1610
Email
gavallone@americanrcg.com
Web Site
http://americanrcg.com/

Project Management

First NameLast NameTitle
AlexLeitãoCEO - OCSC

ORLANDO CITY SOCCER PROJECT: Investments

Reg. D?
No
Reg. S?
No
Total amount of estimated funding required for all phases of development(in Millions)?
156
Number of planned phases (projects) in development?
1
Expected time to complete this project or phase of overall development?
6 - 12 months
Is this a new commercial enterprise or purchase of an existing troubled business?
New commercial enterprise
What percentage of overall funding has been raised to date?
25% - 50%
Does the investor need to be accredited to invest?
Yes
What are the expected financial returns for this project?
7% per annum
On what premise are those projections made?
The projected return is based on an investor’s 80% participation in the net income of the EB-5 entity which is derived from a 2% interest rate during the construction of the stadium, 5 years of dividends from conversion to equity following completion of the stadium and sale of the stadium after 5 years.
Are returns paid on the investment prior to maturity?
Yes
If Yes, when are they paid?
Quarterly
Can you describe in more detail how returns are paid, and under what conditions? For instance, are they only paid if the project is positive cash flow or profitable. What expenses must be accounted for and paid prior to distributions are paid to investors?
Interest are paid quarterly, dividends annually.
Can you please describe the procedure for allowing the investor to sell his interest in the investment and who the buyer might be?
No restrictions.
Can you describe what procedures are in place If the investor needs to liquidate his position before the contracted maturity date of the agreement, and what penalties may be imposed?
No penalties.
How is the value of the investment, once the investment has been made, measured?
Multiple revenues.
Have these strategies been used by the Regional Center principals, or project managers in the past and what was the outcome?
Yes, within their private equity experience.
Have all of the permits and permissions for project development been obtained?
Yes
Is there any patented intellectual property essential to this project?
No

ORLANDO CITY SOCCER PROJECT: Fees

What is the fee for subscribing to the investment (Subscription Fee)?
55,000
Do potential investors need to pay a fee to obtain the operating documents, PPM or other subscription documents?
No
If Yes, Is that refundable in the event the investor decides not to invest?
No
Could you please describe the procedure for the return of any fees, or fees that are withheld?
N/A
Could you please describe the procedure for return of escrow in the event of denial of the I-526 by USCIS?
There is no escrow. The investment will be returned as soon as a new investor takes place of the one who was denied.
Does that include the processing of the I-526, I-829 or any other legal fees associated with the immigration application?
No
If there is no finder or agent, would you reimburse that fee to the investor?
No
What would be the procedure for reimbursing this fee?
No.
Do you pay finder’s fees to attorneys?
No
Do you pay fees to unlicensed broker’s or agents?
No

ORLANDO CITY SOCCER PROJECT: Risks

Risk Factors

Risk FactorDescription
No risk of executionThe Stadium was inaugurated on March 5th 2017. All funds have been committed up front.
Can you please describe what conditions could occur in the market that would negatively affect profitability and commercial operations or job creation?
No soccer funds. But the team has been in operation already for over two years, obtaining the record of attendance in a new team in the MLS.
What strategies will be employed to maximize market share, profitability and minimize expenses; grow client base & gross margins?
Investors.

ORLANDO CITY SOCCER PROJECT: Structure

Has the Principal invested their own equity in the project?
Yes
Is collateral on the investment or loan provided?
Yes
What would best describe the investment structure of the project?
Limited Liability Corporation (LLC)

ORLANDO CITY SOCCER PROJECT: EB-5

Is this a loan?
No
If the investment into the project is a loan, is the borrower a:
Commercial third party (not related to Regional Center principals)
Can you best describe your operating procedure for the filing of the I-526?
The foreign national is free to choose their own attorney with no review from you
Does this project have approved I-526's?
No
Does this project have approved I-829's?
No
Does this Regional Center have approved I-526's?
Yes
Does this Regional Center have approved I-829's?
No
Is any of the subscription fee refundable in the event of a denial of the I-526 by USCIS?
No
Are non EB-5 investor’s allowed to participate?
No

Project Exemplar Approval

Does this Project have Exemplar Approval?
No
Date of Exemplar Approval:

Requests for Evidence

Does this Project have Exemplar Approval?
No

I-526

I-829

This data was last updated on:February 09, 2017 10:56 AM

ORLANDO CITY SOCCER PROJECT: EB-5

Has this project been the subject of a USCIS/SEC/FBI/DOJ/AAO Review, Notice, Investigation or Action
No

This data was last updated on:February 09, 2017 10:56 AM

ORLANDO CITY SOCCER PROJECT: Job Creation

Is Regional Center located within a Targeted Employment Area (TEA)?
Yes
Is this a Public / Private partnership?
No
Job creation methodology
RIMS II
Does the job creation rely on direct jobs, capital expenditure, or a combination?
Capital expenditure, Indirect & Induced

ORLANDO CITY SOCCER PROJECT: Reporting

Do you offer periodic reports to investors on the status of the investment?
Yes
If so, what is the frequency of these reports?
Quarterly
Are these reports produced by you, or by an independent third party such as a auditing or accounting firm?
No
Do you have a third party firm that performs employee payroll & HR record keeping services for the project?
No
Do you have a third party firm that performs I-9 verification?
No
If No, do you perform I-9 verification of the employees?
No
Would you have any objection to an accounting or law firm performing an audit on the payroll, employment or financial records of the project?
No
If you lease space in your facility to third party firms, are they willing to allow an audit of their employment records for the purposes of verifying employment?
No

ORLANDO CITY SOCCER PROJECT : Escrow

Escrow: No

Project: Videos


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