EB-5 Four Seasons Project at Surf Club, Miami
The Four Seasons Hotel and Luxury Apartment Project at Surf Club (Phase II)
For many outsiders and tourists, Miami is seen as a flashy town, impressively extravagant, and superior in all things. However, since the opening of the Surfside area in 1930, The Surf Club has become the most attractive destination in the city in the opposite direction – offering a quiet, elegant choice and a peaceful environment, far from the hustle and bustle of South Beach for members, residents, and tourists.
Both wealthy locals and savvy tourists from around the world, like Winston Churchill, Harvey Firestone, and those with similar tastes in the 1930s and 40s, were drawn to The Surf Club, as a refuge from the chaotic world.
The EB-5 Four Seasons Surf Club Phase 02 project includes 03 towers with only 53 super-luxury apartments in the Surfside area, Florida, famous for being a place for the upper class in the United States. This is the successful continuation of the EB-5 Four Seasons Surf Club Phase 01 project that went into operation in 2017 and has repaid 100 million USD of EB-5 loan capital in 2021.
The project is located at 9011 Collins Avenue, Surfside, Florida 33154
PROJECT STRENGTHS
CAPITAL STRUCTURE & EB-5 INVESTMENT
Total cost: 1,035,000,000 USD
Owner’s capital and apartment deposit: 582,000,000 USD (56.2%)
High-level loan capital: 321,000,000 USD (31%)
EB-5 loan capital: 132,000,000 USD (12.8%)
Secured by 56.2% of the Owner’s capital in the project
Number of EB-5 investment slots: 165 slots – equivalent to needing 1,650 jobs
As of May 2023, the project has created 2,386 jobs
Enough for all 165 investors
Number of jobs when completed: 6,998 jobs – Equivalent to ~ 42 jobs for each investor
EB-5 investment required: 800,000 USD
Project management fee: 70,000 USD
Annual interest rate for EB-5 investors: 0.25% / year
EB-5 loan term: 04 years
The investor has the right to extend a maximum of 02 times, each time 12 months
Regional Center and Developer
Developer Fort Partners
Fort Partners is a real estate development corporation with the Four Seasons brand – headquartered in Miami, Florida. Successful projects developed by Fort Partners include
- Four Seasons Luxury Hotel & Apartments in Telluride, USA.
- Four Seasons Luxury Hotel & Apartments in Marbella, Spain.
- Four Seasons Luxury Hotel & Apartments in Miami (Brickell), USA.
- Four Seasons Resort in Palm Spring, USA.
- Four Seasons Hotel in Vatican, Italy.
EB5 Southeast RC Regional Center
Originally the Greystone EB5 Southeast RC Regional Center, the Regional Center was designated by USCIS on August 6, 2013. In October 2022, Mr. Eli Cohen bought the ownership rights of the Regional Center and renamed it EB5 Southeast RC.
- Mr. Eli Cohen is a seasoned businessman, a real estate developer, and a financial expert.
- He co-founded and served as Managing Partner for the Extell New York Regional Center in 2011, providing financial support for many construction projects by Extell Group, one of the most capable investors in New York City.
- Through this Regional Center, he successfully mobilized nearly $1 billion USD of EB-5 capital for many significant projects in New York.
Bether Capital Evaluation Team
- Established in 2003, it is a leading EB-5 sponsor.
- It serves as a bridge between investors with strong capital & wealthy customers seeking a US green card.
- Successfully mobilized over $1.5+ billion USD for investment residency programs in the US, Canada, and Europe.
- Over $400+ million USD of EB-5 capital has been mobilized since 2012.
