CMB Group 88 receives I-956F approval
27 Junio 2024 - 1:35PM
We’re happy to announce that CMB Group 88: Hillwood Detroit
Fairgrounds just received its I-956F approval!
This project financed the construction of two logistics
facilities on the site of the old Michigan State Fairgrounds in
Detroit, MI. One facility (Parcel A) was constructed as a
build-to-suit warehouse for Target.com, who is number 37 on the
list of Fortune 500 companies. The second facility (Parcel B) is a
speculative Class A warehouse, which is currently being marketed to
multiple prospective tenants. Construction on both locations is
nearing completion.
The Group 88 project underscores the transformative potential of
EB-5 investments. By repurposing the old Michigan State Fairgrounds
into modern logistics facilities, this initiative not only
revitalizes a historically significant site, but also drives
economic growth in the Detroit area. The creation of these
state-of-the-art warehouses generates substantial employment
opportunities and stimulates local business activities.
This marks the fifth CMB EB-5 partnership to achieve an I-956F
approval under the EB-5 Reform and Integrity Act of 2022 (RIA). CMB
has filed a total of 10 I-956F petitions since the RIA was passed,
five of which have been adjudicated and approved by the USCIS.
Previously approved partnerships were:
CMB Group 78 – Hillwood California BTS
CMB Group 81 – Inland Empire Industrial
CMB Group 82 – Hazleton Logistics Park
CMB Group 83 – Hillwood SOMI Hayward
All five of these I-956F approved EB-5 partnerships were
undertaken in partnership with Hillwood Development Company. After
41 EB-5 partnerships, CMB and Hillwood together represent the most
successful lender-borrower relationship in the industry (32
partnerships with project approvals from the USCIS, 19 partnerships
with I-829 approvals, and over $526 million in loan repayment). CMB
and Hillwood have been working together for over ten years, dating
back to 2012.
The I-956F approval for Group 88 is a significant milestone,
reflecting our dedication to fostering economic growth and creating
job opportunities through the EB-5 program. This partnership
exemplifies the strategic collaboration between CMB and Hillwood,
emphasizing our shared commitment to excellence and successful
project execution.
CMB has been a leader in the EB-5 industry for
over 27 years, our first regional center designation was approved
in 1997. We have assisted over 6,300 investor families with their
pursuit of immigrating to the United States. CMB investments
include investors from over 100 countries. We currently maintain a
100% project approval rate on partnerships that have undergone
USCIS adjudication. Of these, 78 have already received I-526
petition approvals, and 60 have achieved I-829 petition approvals.
We continue to provide compliant and approvable EB-5 partnerships
to those seeking immigration to the U.S. through the EB-5
program.
CMB currently has several EB-5 investment opportunities
available for subscription. If you would like to speak with one of
our investment experts, please contact us HERE.
+1-309-797-1550
www.cmbeb5visa.com
info@cmbeb5visa.com