by Tim Edwards | Oct 9, 2024 | News
The petition was approved by USCIS following CMB filing a writ of mandamus
DALLAS, October 9, 2024 – CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced that its Group 84 – Hillwood Daytona project has received Form I-956F approval from the United States Citizenship and Immigration Services (USCIS)
The approval comes in response to CMB requesting a writ of mandamus, which sought an order from the court to require the USCIS to adjudicate the I-956F petition. An integral part of the USCIS approval process, an I-956F approval confirms that the project meets all necessary EB-5 Immigrant-Investor Program requirements.
“It is extremely rewarding to see that our efforts to ensure adjudication of the Group 84 project have paid off,” said Noreen Hogan, President at CMB. “We’re proud to have secured a successful outcome for our investors, who are one major step closer to achieving permanent residency in the United States.”
The I-956F petition was filed with the USCIS in January 2023 and, when it became apparent the CMB Group 84 petition adjudication was taking longer than expected, CMB worked, on behalf of its investors, to request the writ of mandamus.
The CMB Group 84 EB-5 partnership lent $79.2 million to a Hillwood Development Company-affiliated entity for the construction of a Daytona Beach, Florida build-to-suit logistics facility for a Fortune 500 tenant. With over 40 EB-5 projects and more than $500 million in EB-5 loan repayment to investors, CMB and Hillwood Development Company have cultivated one of the most successful lender-borrower relationship in the EB-5 industry.
CMB Group 84 is one of 11 CMB EB-5 partnerships to achieve an I-956F approval under the RIA. Other approved partnerships include:
About CMB Regional CentersCMB Regional Centers (CMB) has been a leader in the EB-5 industry for over 25 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,400 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on partnerships that have undergone United States Citizenship and Immigration Services (USCIS) adjudication. To date, CMB has repaid over $1.3 billion USD to investors. To learn more about CMB, the EB-5 program, and our current I-956F-approved Group 89 project that is available for subscription, please visit the CMB website or contact us directly at [email protected].
by Tim Edwards | Sep 30, 2024 | News
Represents the 61st CMB partnership with investors who achieved permanent residency (conditions removed) in the United States through the EB-5 program
DALLAS, September 30, 2024 – CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced the first approval of petition I-829 for an investor in its Group 65 – Stillwater Deep Ellum project. Approval of the I-829 petition is the final step in the EB-5 visa process for immigrant investors to achieve permanent residency in the United States (U.S.).
CMB Group 65 is the 61st partnership through which EB-5 investors successfully became permanent residents of the U.S. by the removal of conditions on their green card. “At the end of the day, an investor achieving this life-changing milestone is the culmination of everything we do here,” said Noreen Hogan, President at CMB. “We’re proud and humbled that we were able to play a part in this investor’s successful pursuit of permanent residency in the U.S. We look forward to many more I-829 approvals for investors across our EB-5 partnerships.”
The CMB Group 65 – Stillwater Deep Ellum project was undertaken in conjunction with Stillwater Capital Investments and included the development and construction of a five-story, 336-unit rental complex in the trendy and rejuvenated Deep Ellum neighborhood of Dallas, Texas.
The announcement of the I-829 approval in CMB Group 65 comes amidst a month characterized by momentum for CMB partnerships, and investors alike, with record-setting speed for I-956F approvals and the regional center’s first I-526E approval for an investor from its Group 87 – Kona Bay Hampton Inn project, earlier this week.
Other approved CMB partnerships include (but are not limited to):
About CMB Regional Centers
CMB Regional Centers (CMB) has been a leader in the EB-5 industry for over 25 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,400 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on partnerships that have undergone United States Citizenship and Immigration Services (USCIS) adjudication. To date, CMB has repaid over $1.3 billion USD to investors.
To learn more about CMB, the EB-5 program, and Group 89 please visit the CMB website or contact us directly at [email protected].
To learn more about CMB, the EB-5 program, and Group 89 please visit the CMB website or contact us directly at [email protected].
by Tim Edwards | Sep 26, 2024 | News
First I-526E petition adjudicated only 2.5 months after the project was approved by the USCIS
DALLAS, September 25, 2024 – CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced the first approval of petition I-526E for an investor in its Group 87 – Kona Bay Hampton Inn project. The I-526E approval comes 2.5 months after the rural EB-5 project received I-956F approval from the United States Citizenship and Immigration Services (USCIS), which confirms that the project meets all necessary EB-5 requirements.
An I-526E approval signifies the eligibility of the investor and their immediate family members for conditional permanent residency in the United States. The Group 87 investors will be eligible for visas in the “rural” set aside category as designated by the EB-5 Reform and Integrity Act of 2022 (RIA).
“We are relentless in our pursuit of best-in-class projects that provide our investors the strongest opportunities to achieve permanent residency in the United States,” said Noreen Hogan, President at CMB. “We’re thrilled that yet another of our limited partners has secured this monumental achievement, and we look forward to the additional I-526E adjudications for Group 87 that are sure to follow.”
The CMB Group 87 – Kona Bay Hampton Inn project was undertaken in conjunction with Shapery Enterprises and consists of the redevelopment of a historic hotel in Kailua-Kona, on the west side of the big island of Hawaii. The EB-5 partnership secured I-956F approval from the USCIS just under seven months after filing and just 2.5 months before this first I-526E petition was adjudicated.
CMB Group 87 is one of ten CMB EB-5 partnerships to achieve an I-956F approval under the RIA. Other approved partnerships include:
About CMB Regional Centers
CMB Regional Centers (CMB) has been a leader in the EB-5 industry for over 25 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,400 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on partnerships that have undergone United States Citizenship and Immigration Services (USCIS) adjudication. To date, CMB has repaid over $1.3 billion USD to investors.
To learn more about CMB, the EB-5 program, and Group 89 please visit the CMB website or contact us directly at [email protected].
by Tim Edwards | Sep 18, 2024 | News
DALLAS, September 17, 2024 – CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced that its Group 89 – Hillwood City Creek project has received Form I-956F approval from the United States Citizenship and Immigration Services (USCIS) just over one month after filing.
A limited number of units remain available for subscription in this I-956F approved CMB EB-5 partnership. Investors in CMB Group 89 qualify for High Unemployment set aside visas.
“Achieving I-956F approval is a critical step toward our investors’ goals of immigrating to the United States, and we could not be more excited that yet another of our EB-5 projects has been approved by the USCIS at record speed,” said Noreen Hogan, President at CMB.
The CMB Group 89 – Hillwood City Creek I-956F approval is the latest in a series of swift I-956F USCIS approvals for CMB projects, over the past month, including:
- CMB Group 86 – Gable House Apartments (I-956F approved in less than five months)
- CMB Group 90 – Hillwood Treeline (I-956F approved in just over six months from noted receipt date from the USCIS).
The Hillwood City Creek project consists of an approximately 529,000 square-foot distribution facility intended for a Minneapolis-based Fortune-500 tenant. Located in Thornton, Colorado, the project site is situated with direct access to the I-25 and E-470 ground corridors.
CMB Group 89 – Hillwood City Creek is the tenth CMB EB-5 partnership to achieve an I-956F approval under the EB-5 Reform and Integrity Act of 2022 (RIA).
Previously approved partnerships include:
- CMB Group 78 – Hillwood California BTS
- CMB Group 81 – Inland Empire Industrial
- CMB Group 82 – Hazleton Logistics Park
- CMB Group 83 – Hillwood SOMI Hayward
- CMB Group 86 – Gable House Apartments
- CMB Group 87 – Kona Bay Hampton Hotel
- CMB Group 88 – Hillwood Detroit Fairgrounds
- CMB Group 90 – Hillwood Treeline
- CMB Group 91 – Hillwood DTW Air Cargo
About CMB Regional Centers
CMB Regional Centers (CMB) has been a leader in the EB-5 industry for over 25 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,400 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on partnerships that have undergone United States Citizenship and Immigration Services (USCIS) adjudication. To date, CMB has repaid over $1.3 billion USD to investors. To learn more about CMB, the EB-5 program, and Group 89 please visit the CMB website or contact us directly at [email protected].
by Tim Edwards | Aug 21, 2024 | News
DALLAS, Aug. 21, 2024 – CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced that its Group 86 – Gable House Apartments project has received Form I-956F approval from the United States Citizenship and Immigration Services (USCIS). A limited number of units remain available for subscription in this I-956F approved CMB EB-5 partnership.
“We are thrilled to see yet another of our high unemployment (TEA) projects approved by the USCIS in less than 5 months, surpassing the processing time we have observed for even the rural category,” said Garrett Connors, Vice President of Investor Relations at CMB. “With only a limited number of EB-5 investment units still available for this project, the I-956F approval marks a significant step forward for the development and a major milestone for our investors’ United States immigration pursuits.”
As one of the first major multi-family projects in Torrance, California, in approximately 50 years, the Hillwood Gable House Apartments project encompasses the development and construction of a 218-unit, mixed-use complex. Featuring a sky deck, pool lounge, social club, and other best-in-class amenities, the development will be located in the city’s urban core of the Del Amo Business District.
The milestone for the Group 86 CMB EB-5 partnership means investor’s I-526E petitions could be immediately adjudicated by the USCIS since the I-956F has been approved. The approval marks the eighth CMB EB-5 partnership to achieve an I-956F approval under the EB-5 Reform and Integrity Act of 2022 (RIA). Previously approved partnerships include:
- CMB Group 78 – Hillwood California BTS
- CMB Group 81 – Inland Empire Industrial
- CMB Group 82 – Hazleton Logistics Park
- CMB Group 83 – Hillwood SOMI Hayward
- CMB Group 87 – Kona Bay Hampton Hotel
- CMB Group 88 – Hillwood Detroit Fairgrounds
- CMB Group 91 – Hillwood DTW Air Cargo
This is the seventh I-956F approved CMB EB-5 project in conjunction with Hillwood Development Company. With over 40 EB-5 projects and more than $500 million in loan repayment to investors, CMB and Hillwood Development Company have cultivated one of the most successful lender-borrower relationship in the EB-5 industry.
“This latest achievement is an exemplary testament to the strength of our partnership with Hillwood Development Company and to CMB’s relentless dedication to helping families make their immigration dreams a reality,” said Noreen Hogan, President at CMB. “We could not be more excited about this latest, timely I-956F approval, an achievement that brings our investors that much closer to realizing their goal of immigrating to the United States.”
About CMB Regional Centers
CMB has been a leader in the EB-5 industry for over 27 years; its first regional center designation was approved in 1997. CMB has assisted over 6,400 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on partnerships that have undergone USCIS adjudication, providing compliant and approvable partnerships to those seeking immigration to the U.S. through the EB-5 program. To date, CMB has repaid over $1.3 Billion to its investor families.
Contact Information
For media inquiries, please contact:
Adam Gale, Director of Communications[email protected]
