Business for Sale: Regional Sports-Related EB-5 Project
Qualifying for an EB-5 investor visa is an increasingly popular way to get a Green Card to the United States. Prospective Green Card holders generally must invest $500,000 (plus fees) in a qualified project in the United States that will result in the creation of 10 jobs.
We are happy to report that there is now a qualified EB-5 investment opportunity in Lakewood Ranch, FL. EB-5 GoodSports LWR, LLC and GoodSports LWR Sports Campus, LLC are entering into a joint venture to acquire 30 acres of land in Lakewood Ranch in order to build a hotel, sports facility, and waterpark.
GoodSports LWR Sports Campus, LLC and their related companies are qualified under the EB-5 program, to offer Green Card eligibility to over a hundred qualified immigrant investors, each investing $500,000 plus expenses, with the goal of obtaining Green Card Status for themselves, their spouse and any children up to 21 years of age.
The EB-5 program offers a relatively quick route for immigrants to receive Permanent Residency status in the United States. Immigrants matched with a qualified project can receive their Green Cards before they immigrate to the U.S. The investments are required to be equity investments and investors must assume all the same risks as the other owners of the project business, but are not required to manage the day-to-day affairs of their business investment project.
The GoodSports EB-5 project is initially seeking 40 investors for its first phase. The fund will provide money to an entity that owns and operates a multi-sport complex and adjoining lodging facility. The project may have appeal to prospective foreign investors already in the Sarasota/Bradenton area, because the community attracts a large number of sports-related visitors each year. Prospective investors may like the sport-themed nature of the project and the fact that is local.
Readers are advised that this article has been provided for informational purposes only and should not be viewed as investment or immigration advice. An EB-5 investment is a financial transaction that involves risk and anyone considering such an investment should involve a team of financial and legal advisors.