Indian investment in the United States EB-5 Immigrant Investor Program has hit record levels.
In fact, India is now the third largest beneficiary of the EB-5 immigrant visa program with investment rising by almost half last year.
Total investment by Indians in EB-5 projects in 2016 was $177million, up 48% on the previous year, according to the latest figures obtained by industry association, IIUSA, in June 2017 from the U.S. Citizenship & Immigration Services.
EB-5 investors are required to invest $1million in a project which creates at least 10 jobs or $500,000 in a rural or high-unemployment area. This is administered through an EB-5 Regional Center job creation project, approved by the US immigration authorities.
The prize on offer for investors and their immediate family is a coveted Green Card, allowing successful applicants and their close family to live and work in the United States.
Leading Central Florida developer, Feltrim Group, is visiting India for the first time on a trade mission during early September 2017 to meet real estate agents with clients who are interested in investing in EB-5 projects.
Feltrim Group has some exciting new projects in Haines City, near Orlando, Florida, that qualify for EB-5 investment through its Central Florida EB-5 Regional Center LLC.
Feltrim’s new luxury lakeside community, Balmoral Resort Florida, is a 113-acre private gated community with 245 bespoke, high-end Tuscan-style vacation resort villas and townhouses. Indian leasehold investors can receive a competitive 6% net return on Phase Two properties.
The $125million peaceful resort is set amid beautiful parks, gardens, walkways and lakes and boasts an extensive range of leisure attractions on-site. These include a resort-style pool with luxury clubhouse, a water park, lakeside beach, gym and spa, gourmet kitchen, restaurant, wedding pavilion and a games room with the world’s largest Pac-Man arcade console.
Next to Balmoral Resort Florida is three more pioneering projects – the R9 Ronaldo Soccer Academy, the Feltrim Sports Academy and the international Feltrim Preparatory School, which all eligible for EB-5 investment.
Feltrim Group Chief Executive Officer, Garrett Kenny, explains, “The R9 Ronaldo Academy – which is endorsed by the famous world cup Brazilian soccer star – will include state-of-the-art facilities including a professional soccer field with bleachers, two training fields, locker rooms, café and garden areas. It will also have its own check-in area.
“The R9 Soccer Academy, which scheduled for completion by December 2017, aims to help participants be phenomenal on the field and in life. As well as improving soccer skills, it uses football for the development, cultivation and education of children and youths aged 4-18.”
Ronaldo – a three-times winner of the FIFA World Player of the Year award and former player for Barcelona, Inter Milan and Real Madrid, says, “We are excited to move into the US market, especially in Florida, where soccer has a great influence in the community. Ronaldo Academy’s focus is more than forging athletes, is to develop youth through soccer. The Balmoral project is a perfect opportunity for us to do that.”
Leading Florida, USA developer, Feltrim Group, is organizing a series of meetings in India for the first time to meet and establish links with Indian real estate agents.
Feltrim Group wants to appoint experienced Indian agents to represent its new luxury lakeside community, Balmoral Resort Florida, in Haines City, near Orlando, which provides a generous 6% net to leaseback investors.
Balmoral Resort Florida features high-end custom vacation homes set within a 113-acre private gated community, with tranquil parks, gardens, walkways and lakes. It also includes a resort-style pool with luxury clubhouse, waterpark, lakeside beach, gym and spa, gourmet kitchen, restaurant, wedding pavilion, plus a games room with the world’s largest Pac-Man arcade console. The $125million resort opened in March and is now selling Phase Two properties.
Feltrim Group is also looking to attract Indian investors for three more exciting new projects – the international Feltrim Preparatory School, the R9 Ronaldo Soccer Academy and the Feltrim Sports Academy, all next to Balmoral Resort Florida.
Chief Executive Officer, Garrett Kenny, explains, “The school and the academies will be among the finest of their kind and will be a significant draw to students from all over the world as they come to take advantage of the facility’s wide range of programs and to participate in its tournaments.”
The school will initially hold 220 students, increasing to 440 within three years, and will feature 15 classrooms on the first floor, an auditorium and banquet hall, media library, gaming and virtual reality laboratories and canteen.
The R9 Ronaldo Academy – backed by the famous world cup Brazilian soccer star – will feature a professional soccer field with bleachers, two training fields, locker rooms, café, garden areas and will have its own check-in area.
The Feltrim Sports Academy will include two NBA-standard basketball courts with bleachers, four volleyball courts, a running track and six tennis courts.
“The Feltrim Prep School and the Feltrim Sports Academy are aimed at students of between 12 and 18 years old and will offer boarding options at Balmoral Resort. The school itself will be a unique facility, as it promises access to an unprecedented array of resources provided accelerated training in all aspects of individual development,” says Mr Kenny.
The three new projects are each available for funding through the popular EB-5 immigration investment scheme, which provides a Green Card and permanent residence in the United States for investors who fulfill the program requirements.
Under the EB-5 program, the required minimum investment required by each foreign investor is US$500,000, if the project is in a Targeted Employment Area. The investment is sponsored by Central Florida EB-5 Regional Center LLC, which has already completed one successful EB-5-funded project.
Garrett Kenny is in Mumbai, Bangalore and New Delhi during the first two weeks in September 2017 on a Feltrim-sponsored India Trade Mission, organized by AREAA (Asian Real Estate Association of America). He is keen to speak with international agents who can locate investors for Feltrim.
During the trade mission, Mr Kenny is also attending the 9th annual National Association of Realtors’ NAR INDIA Convention in Mumbai, on Monday 11 and Tuesday 12 September. The convention, at the Hotel Renaissance, is expected to be attended by around 1,300 developers and agents.
Garrett Kenny says, “We would be interested to hear from any experienced Indian real estate agents with clients who are keen to invest in our Florida projects.
“Feltrim Group offers a competitive return on interest for Indian real estate investors as well as the chance of immigration to the United States through EB-5.
“Indian investors spent $7.8billion on United States property in the year to March, according to the latest figures from the National Association of Realtors. They increased their spend from the previous year and are now among the top five nations. That’s why we are arranging sales meetings in India for the first time and are keen to meet with proactive Indian agents with clients wanting to invest in Florida.”
Since Feltrim Group was founded in the Orlando area in 1996 by Garrett Kenny, it has built and sold over $700million worth of property.
Any agent wanting to arrange a meeting with Garrett Kenny should email email@example.com.
April 13-16 – Beijing Exhibition Center
Feltrim is a regular exhibitor at this trade show in Beijing. As part of our commitment to the Chinese market Feltrim makes various trips to China each year participating in trade shows and various seminars. For more information email firstname.lastname@example.org
Visit us at the New York Time Travel Show at the spectacular Javits Center in New York City! Showcasing our new Balmoral Resort to tourists and to members of the travel business.
We’re really looking forward to taking Balmoral on the road!
For further details email email@example.com
March 4th – Toronto International Center
Feltrim will be a sponsor and exhibitor at The Investor Forum 2017 in Toronto. The Investor Forum is a prestigious event attended by leaders of the real estate industry from all over Canada and the US. Feltrim CEO Garrett Kenny will give a seminar on the benefits of buying property in the Orlando area. We will also showcase our new Balmoral Resort.
We’re proud to announce the grand opening of our latest project Balmoral Resort Florida on March 31st 2017.
Attended by spacial guests, representatives from the media and local dignitaries it promises to be an exciting event. The opening of the resort will also coincide with a groundbreaking ceremony for our new Ronaldo R9 soccer academy. For more details email firstname.lastname@example.org
February 9-10 2017