The 9 Orchard Luxury Boutique Hotel is the first project in Manhattan to meet the definition of an 'Urban Priority Investment Area,' offering the potential for a shortened visa backlog and a faster path to a U.S. Green Card!
The project meets the definition requirements for an 'Urban Priority Investment Area' as outlined in the 'American Job Creation and Investment Promotion Reform Act of 2017' (draft), introduced by Senators Grassley and Leahy on April 15, 2017. According to the draft act, EB-5 investors in projects located in 'Urban Priority Investment Areas' will be entitled to an annual quota of 1,500 priority visas.
Furthermore, Mr. Ronald Klasko, a five-time chairman of the 'American EB-5 Committee,' a renowned U.S. immigration attorney, and a prominent figure in the U.S. immigration sector, stated during a previous visit to WorldWay Group and a meeting with its senior management that the provision for reserved visa quotas for 'Urban Priority Investment Areas' is almost certain to appear in the new legislation. He also spoke highly of the 9 Orchard Luxury Boutique Hotel project, noting that under current circumstances, it is an exceptionally high-quality choice for immigrating to the United States and is sure to be favored by investors.
The 9 Orchard Luxury Boutique Hotel project not only offers the potential for a shortened visa backlog but also possesses numerous advantages that significantly assist investors in quickly obtaining a U.S. permanent Green Card and ensuring smooth repayment.
Excellent prime location with strong market demand
New York—an internationally recognized center for business and culture with a population of over 8 million—is one of the largest and most popular cities in the United States, regarded as the world's capital of finance and entertainment. In 2016, the number of visitors exceeded 60 million, reaching a historic high.
The 9 Orchard Luxury Boutique Hotel is located at 9 Orchard Street in the Lower East Side of Manhattan, New York City, near Chinatown, Little Italy, and the Financial District, and is known as one of New York's most vibrant and trendy cultural neighborhoods. In recent years, hotel room rates in Manhattan have shown a continuous upward trend, and the hospitality industry has maintained strong growth momentum, possessing vast and unlimited market development prospects.
A top-tier, high-quality EB-5 project to help investors and their families quickly obtain Green Cards
With the potential to shorten the visa backlog and provide a fast track to a Green Card, this first Manhattan EB-5 project in an urban priority area features a robust capital structure and low investment risk. EB-5 funds enjoy a first-priority repayment position, and developer equity accounts for 61.5% of the total project cost, resulting in a low debt-to-equity ratio.
Multiple EB-5 protection mechanisms are in place to safeguard investors. If an investor's I-526 petition is denied, a subsidiary of the developer provides a refund guarantee. The project includes a completion guarantee to ensure the hotel is built and all construction-related jobs are created. The project has established an EB-5 debt service fund, with all project profits deposited into a designated 'mortgage repayment account,' and the developer cannot withdraw profits until all EB-5 debt has been fully repaid.
The project possesses superior refinancing capabilities. When the EB-5 loan matures, the project's debt will account for only 26% of the construction cost. Additionally, the project benefits from sufficient job creation, has already commenced construction, and adheres to industry-leading compliance standards to ensure transparency in the supervision and use of EB-5 funds, among many other advantages.