CanAm Announces First Tranche Closing of Jefferson Terminal EB-5 Project
CanAm Enterprises (CanAm), a leading full-service financial firm sponsoring EB-5 immigration-linked investment funds, is pleased to announce that the first tranche of its EB-5 loan totaling $26.1 million for the Jefferson Terminal project has closed.
Jefferson Terminal is an energy infrastructure expansion project sponsored by Fortress Transportation and Infrastructure Investors. Strategically located at the Port of Beaumont, TX, the project will include expanded terminal and rail, inbound and outbound pipeline connections, marine and storage facilities.
Fortress Transportation and Infrastructure Investors (FTAI), owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI currently invests across four market sectors: aviation, energy, intermodal transport and rail. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. The company’s existing mix of assets provides significant cash flows as well as organic growth potential through identified projects.
The EB-5 Immigrant Investor Program (EB-5 Program) is administered by the United States Citizenship and Immigration Services (USCIS). The EB-5 Program provides qualified foreign investors with the opportunity to earn a conditional, or temporary, two-year green card in return for investing $900,000 in projects located in high unemployment areas that create at least ten permanent full-time jobs for U.S. workers.
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