QUALIFIES
UNDER
URBAN TEA
Just 11 minutes
to New York, NY
NYIF JERSEY CITY
53 stories / 622,444 SF / 605 Unit APARTMENT RENTAL building with first-floor retail and parking garage built adjacent to the PATH Train / Journal Square Transportation Center. Just 11 minutes by Path train to New York, NY.
KEY STATS
| Address: | 499 Summit Avenue, Jersey City NJ |
| Qualifies under new TEA Visa: | YES |
| EB5 Investors: | 80 |
| Jobs Created: | 2,365 |
| Jobs per Investor: | 30 |
| Construction Completion Guaranty: | YES |
CAPITAL STACK
| Senior Loan: | $196M (58%) |
| EB5: | $64M (19%) |
| Equity: | $78M (23%) |
| Total: | $338M (100%) |
| Appraised Value: | $385M |
Regional Center and Project Owner are independent. At NYIF, we only represent the best interest’s of our EB5 investors.
REGIONAL CENTER NYIF
AT NYIF, WE START STRONG,
FINISH STRONGER
EB5 investors have 2 primary goals: Permanent Green Card & 100% Return of Investment. Over the past 12 years to date, NYIF has an Audited 100% successful track record with BOTH. From start to finish, NYIF has never failed even during challenging economic conditions including Covid 19.
”"As of July 18, 2022, none of the projects under NYIF management suffered any financial losses or were delinquent on their payments to NYIF."
NYIF 2Q 2022 Audited Financial Statements
| Projects: | 14 |
| Project approval: | 100% |
| I-526 Approvals: | 2,500 |
| I-829 Approvals: | 800 |
| Fund Raised: | §500M+ |
| Total Project Cost: | $4B |
| Investors Repaid: | 500 |
| Jobs Created: | 17,054 |
| Projects that Incurred Financial Loss: | None |
| Shareholders or Project Ligitation: | None |
| Redeployment Projects: | 5 |
| Redeployment Projects Repaid: | 3 |
| Redeployment Projects that Incurred Financial Loss: | None |
”Rule No. 1: "Never lose money."
Warren Buffett
Rule No. 2: "Never forget rule No. 1."
Location
JOURNAL SQUARE, NEW JERSEY
In 2019, the Port Authority commenced redevelopment planning of the entire 10-acre site known as the Journal Square Transportation Center. This redevelopment initiative is the single most impactful and transformational undertaking for the neighborhood and is proposed to include a 6 million square foot mixed use cultural center including retail, office, hotel, residential, entertainment, and public plaza space.
”"As of June, Jersey City was the most expensive city in which to rent a home in the United States, topping famously expensive metros like San Francisco and Miami."
The New York Times - 7/28/2022
Developer
PANEPINTO PROPERTIES
NYIF has worked successfully with Panepinto Properties with a 100% successful repayment history for their Columbus Drive EB5 project. Columbus Towers were built on the site of the PATH subway station. In total, they include 1,500 luxury residential units, a 152-room hotel, a 30,000 sq. ft. fitness center and spa, a 30,000 sq. ft. food market, other retail, and a thousand-car parking garage. Over the past 20 years, Panepinto Properties has constructed 2,800 units of residential and hotel properties in the submarkets of Downtown Jersey City and Journal Square.
Contact
WE’RE HERE FOR YOU
267 Broadway, 2nd Floor
New York, NY 10007