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.

 

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Anonymous
5 years ago

I smell desperation here. Notice that Skyrise is also looking for EB-5 investors and was supposed to start construction about one year ago.

Edward
5 years ago

Cool i like how Miami is expanding beyond Latin American investors.

Anonymous
5 years ago

Yep, love that Miami developers are selling US Citizenship to the lowest bidder.

Danny
5 years ago

Many times it is the City Officials who push the EB-5 program onto new projects. Most developers are not hot about EB-5.

Anonymous
5 years ago

Your lack of understanding of EB-5 is astounding an astonishing.

kat
5 years ago

at least they pay for it and contribute to create jobs , not like other that the government have to pay for the citizenship and in top of that , pay for welfare too

Anonymous
5 years ago

Paramount keeps cheating their renderings and not showing Marina Blue, incredible misrepresentation.

Anonymous
5 years ago

I like how the rendering of Paramount sits on top of Marina Blue.

MacMan
5 years ago

Paramount is taller than Marina Blue. That is the skydeck that is like 100′ higher. I sold 2 unit there and they gave the roof to the owners. Better than other developers that sell PH units at the top so no one can access it

Dev1
5 years ago

They use that fake rendering to trick the Chinese into thinking they are investing in a waterfront project that is on top of a fake mall…

Danny
5 years ago

Your right. That’s the only image they will show part of the marketing.

Anonymous
5 years ago

Looks, let’s be honest. Most of these “investors” in China are just looking for the US residency that the program offers, 500k is a small price to pay.