INTRODUCING LAKEFRONT ESTATES & VILLAS
The Lakefront Estates & Villas project offers a unique living experience near Lake Okeechobee, Florida. Situated midway between Miami and Orlando and just an hour from Palm Beach International Airport, this planned Jewish community boasts easy access to both Florida coasts and central locations.
The development will feature 1,000 single-family homes and 300 multifamily leasable units, spread over 525+ acres and constructed in four phases to support a vibrant community lifestyle. With a total project cost of $651.5 million, Lakefront Estates & Villas is designed to cater to a range of budgets, offering competitively priced homes that qualify for significant tax advantages and financing aids, such as 100% financing for first-time homebuyers through the U.S. Federal Government’s rural loan program. This project represents a secure investment opportunity, underscored by a comprehensive development plan that includes schools, a shopping plaza, office buildings, and other essential amenities.
WHY IS LAKEFRONT ESTATES & VILLAS A SOLID EB-5 PROJECT
- Significant government investment: $50 million in government infrastructure investment enhances the project's viability and support.
- Favourable tax environment: Florida's status as a low-income tax state attracts over 1,000 new residents daily, bolstering potential demand for housing.
- 100% financing for first-time home buyers: The U.S. Federal Government's rural loan program facilitates complete financing for first-time homeowners, increasing accessibility.
- Secure investment structure: The project's collateral includes a first position on all project property, with land appraised at $143 million, providing robust security for the $100 million EB-5 loan.
- Proven demand: Phase 1 of the project is fully subscribed with 300 deposits already received, demonstrating strong market demand without the need for extensive marketing.
- Educational incentives: Florida's school voucher program offers $7,700 per year per child for private or charter schooling, adding to the location's attractiveness for families.
- Robust job creation: The project will create 7,185 full-time jobs, significantly exceeding the 1,250 jobs required to secure Green Cards for all EB-5 investors, which provides a substantial job creation buffer of 475%.
- Real time updates: Live construction cameras will be installed after the completion of the site excavation.
Timeline:
Construction commenced Q1 2023
Vertical construction Q2 2024
Estimated project completion Q4 2027
Total project cost: $651.5 million
FINACIAL STRUCTURE
Sale and Refinance
Exit through property sales or refinancing to manage returns and adapt to market conditions.
Loan Structure
$100 million EB-5 loan secured against the project, with a three-year term and options for four 1-year extensions.
Repayment Timeline:
Aim to repay the EB-5 loan by end of 2026, aligning with project completion.
Phased Sell-off
Generate early returns through staged sales of residential and commercial units, coinciding with phase completions.
Government Support
Leverage $50 million in government infrastructure investment that enhances financial stability.
Demand-Driven Sales
Capitalize on high demand evidenced by rapid Phase 1 sell-out, facilitating swift exit and investment recovery.
PRIORITY PROCESSING TEA PROJECT
Priority processing | Visa set-asides | 1st position on collateral. Lakefront Estates is a Rural Project with valid Rural TEA designation – Glades County population 13,777
- Project qualifies for the lower investment
- Requirement of $800,000 instead of $1,050,000
- Rural has priority processing and visa set asides for back-logged countries.
