Funding Needed
$85 (Mio)
EB5 Funding
$17.5 (Mio)
Amount Subscribed
$85 (Mio)
EB-5 Investors
Investment Amount
Subscription Fee
Discount Fee


Job Creation per Investor
Job Creation (Total)
New Multifamily Housing Construction (except For-Sale Builders)


Expected Maturity
5 Years
Expected Return
0.25% Interest Per Year
Principal equity in project?


Does this project have approved I-526's?
Does this Regional Center have approved I-526's?
Does this Regional Center have approved I-829's?


3250 Hollis St, Oakland, CA

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Tyler Rooker


Colin BehringWALEED  IBRAHIMEvangeline ChuaYang NingGautam P

Last Update: December 05, 2018 08:30 PM

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Madison Park

Developer Name
Madison Park Financial

Project Description

Madison Park Financial EB-5 Project is a San Francisco Bay Area multifamily apartment construction fund that will build three separate apartment buildings in Oakland and Emeryville of the San Francisco Bay Area. Each location is transit oriented and within walking distance to BART, the local metro system. The job creation is substantially completed by construction alone via the RIMS-II model and the project has various guarantees including construction completion guarantee, GMAX Construction Price Contracts, I-526 approval guarantees and a Corporate Repayment Guarantee from Madison Park Financial, the developer's parent company. The investment is loan style and secured firstly by the assets within the fund and secondly by Madison Park Financial's balance sheet. The fund will raise $17,500,000 from 35 investors at $500,000 each (TEA). 

Project Timeline

Construction started in August of 2016. Phase I (P.E. Gallot) construction is complete as of March 2018, and fully leased as of August 2018. Phase II (Hollis Oak) construction over 80% complete as of November 30th, 2018, is pre-leasing, and is currently estimated to complete construction January 2019. Phase III (Hannah Lofts) site development has been initiated: construction equipment has been moved onto the site, environmental impact mitigation plans are in process, Dettaglio Construction contract finalized, Cathay Bank has been on boarded, and ground has been broken.

Over 246 jobs already created, 35 out of 35 investors slots have been filled, and 5 investors have received I-526 approval as of November 27th, 2018.

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