Paramount Goes To Guangzhou To Look For EB-5 Financing

Paramount Miami Worldcenter is holding an event in Guangzhou, China this week in the hopes of raising funds from EB-5 investors.

A release in China promoting the project states that Paramount is looking for the following financing structure to build the project:

  • Construction loan – 41.2%
  • EB-5 funds – 17%
  • Buyers deposit – 33.8%
  • Developer equity – 8%

The release claims that the project is forecast to create 6,348 jobs, in excess of EB-5 requirements. It also states that 45 percent of units have sold since August.

This Sunday, March 20, Paramount representatives will be in room 3 on the fourth floor of the Guangzhou Marriott Hotel to present the project to potential investors.