Project updates
We currently have two approved rural projects in the market, All Points North and Copper Valley. Having an approved I-956F significantly reduces the immigration risk for investors. You can also rely on priority processing due to the rural nature of the investments. Here are some of the outstanding features of these offerings:
Copper Valley is an expansion of a master plan community in northern California that is already well developed with over 450 homes, restaurants, retail and recreational facilities, including a top rated golf course.
- Ideal location, 2-hour drive from Bay area with an abundance of outdoor recreational facilities in the area.
- Strong Collateral: $32m EB-5 investment backed by a pledge of assets valued at ~$330m. In addition, EB-5 will be secured by first position mortgage.
- Construction to begin in Q4 ’24.
All Points North is a leading behavioral health company that offers innovative mental health and addiction treatment services at world-class facilities.
- $121m project to expand their flagship facility near Vail, Colorado, which is operating at full capacity
- The company has raised ~$100 million from private equity firms, with the latest round valuing the company at $225m.
- These investors anticipate a sale of the company in a few years and if that occurs EB-5 investors will be in line to receive a lump sum payout.
- Watch our YouTube video here.
We are offering early investor incentives for both projects.
EB5 Coast to Coast is experiencing strong growth
In Q2 FY2024 (January-March), USCIS received 88 I-956F project applications, marking the highest quarterly volume since the enactment of the EB-5 Reform and Integrity Act (RIA) of 2022. With approximately 250 filings still pending approval, the pipeline of projects entering the market remains robust.
As a leading operator of Regional Centers across the nation, EB5 Coast to Coast has valuable insight into this pipeline, which spans a diverse range of industries beyond traditional real estate. EB5CTC is seeing ventures in agriculture, mining, behavioral health, film production, manufacturing, and technology. If you’re a developer or attorney seeking Regional Center sponsorship for your project, please feel free to reach out.
EB-5 Related News
A crucial question for new EB-5 investors is “How long will it take for my I-526E to be approved?” The industry trade association, IIUSA, has shed light on this question by analyzing I-526E processing times based on data collected from 11 Regional Centers including EB5 Coast to Coast. Their analysis, which represents nearly a quarter of all I-526E applications filed between June 2022 and August 2024, reveals that rural I-526E petitions have an average processing time of just 10 months, while high-unemployment area (HUA) petitions take about 14 months.
IIUSA recently provided some additional processing insights via data obtained through a Freedom of Information Act (FOIA) request. Some key findings from their report are as follows:
- Surge in EB-5 Demand Post-RIA: Since the passage of the EB-5 Reform and Integrity Act (RIA), global demand for the EB-5 program has significantly increased, particularly in FY2023 and FY2024. A total of 6,506 I-526E and I-526 petitions have been filed, representing an estimated $5.2 billion in EB-5 capital investment.
- China and India Lead Filings: China continues to dominate the EB-5 market, accounting for 51% of global filings (3,300 petitions). India is the second largest market, contributing 1,341 case filings (20% of total case filings worldwide).
- HUA projects favored: HUA projects lead in filings across all regions. However, China’s filings show a nearly even split between HUA (51%) and rural investments (49%). In contrast, Indian investors show a stronger preference for HUA projects, and investors from the rest of the world show an even greater inclination, with 81% of the case filings associated with the HUA category.
- Rural Filings Growth: Rural filings have seen substantial growth, particularly in FY2024. Among Chinese investors, rural filings surpassed HUA filings during the first three quarters of FY2024, with 936 rural petitions compared to 760 HUA petitions. Indian investors showed an almost equal interest in both rural and HUA categories in FY2024 (through July 5).
- Priority processing for Rural: USCIS appears to be prioritizing rural case adjudications, with 65% of the 754 adjudicated cases associated with the rural category, despite HUA filings accounting for 60% of the total number of cases received by USCIS.
- High approval rates: Approval rates of I-526E cases were high between FY2023 and FY2024 (through July 5), with rural cases at 96% and HUA cases at 93%. However, the overall adjudication volume remains low, resulting in a significant backlog of pending cases — 92% of HUA cases and 78% of rural cases on file were still awaiting adjudication.
- Rural visa supply remains good: Projections indicate that the rural visa supply is likely to still meet visa demand in FY2025 and FY2026, reducing the likelihood of a cut-off date. However, estimated demand for HUA visas is expected to far exceed the current visa supply for the HUA category, raising concerns about potential cut-off dates.
Team Travels
.
Upcoming team travels include Harry Rhee participating in IIUSA’s East Asia tour events in Seoul, Shanghai and Guangzhou, as well as UGlobal’s expo in Beijing. Carel van der Merwe will be visiting Mumbai and New Delhi later this month. Please reach out if you would like to meet with us.