EB-5 Regional Center Pilot Program Extended By U.S. Congress!

President Obama signed the Department of Homeland Security FY2010 Appropriations Bill (H.R. 2892), which contains a three year extension of the EB-5 regional center pilot program provisions, into law on October 28, 2009.  Previously, the regional center pilot program, which provides for advantageous processing and new job compliance benefits to EB-5 petitioners who make qualifying investments through regional center sponsored programs, had been operating under several short term extensions since it was last scheduled to "sunset" at the end of September 2008. The signing of the bill (Public Law No. 111-83) officially extends the EB-5 Regional Center Pilot Program through September 30, 2012. As a result, foreign individuals who make qualifying EB-5 investments through approved regional centers will not have to fear that the program will expire before they and their families are first eligible to request removal of the conditional status of their EB-5 visas after two years. 

ATIF HARDEN JOINS GCMA TO EXPAND REO FUND INVESTMENTS IN PUBLIC AND PRIVATE PARTNERSHIPS NATIONWIDE

Atif Harden recently joined GCMA to forge public/private real estate development partnerships with state and local governmental development agencies as well as with public and private colleges and universities.

By merging GCMA's development and capital sources, the Company offers extraordinary resources to facilitate turnkey development of under-utilized land in expanding markets. See Harden's resume of experience in public service and private industry in GCMA Management tab of this web site.

BASIM KATAAN LEADS GCMA'S REO FUND  AND TURNKEY DEVELOPMENT EFFORTS 

Basim Kataan, a seasoned real estate professional with extensive and successful experience turning around and managing foreclosed properties for banks and other institutions, has joined GCMA™ to spearhead the launch of a new real estate opportunity fund (REO Fund) focused on strategic investment opportunities in key markets throughout the United States.

MONIQUE MERRIAM JOINS GCMA TO EXPAND JOB FUND AND REO FUND

Monique Merriam, an international investment banker residing in Brasilia, Brazil, has joined GCMA to further expand the Company's introduction of its high quality real estate investment funds.  Previously, Ms. Merriam has represented international companies providing debt and equity for acquisitions, development and expansion in South America, Central America, Western and Eastern Europe, Central Asia, Canada and the United States.

  CARc EXTENDS PRICING PLAN FOR AILA MEMBER FIRMS

Due to the tremendous response to it’s previously announced incentive pricing plan for its high quality real estate investment Fund in America’s premier real estate market, CARc™ has extended the plan to all clients of its approved AILA Member Firms.  Under the incentive plan, CARc™ provides the option to defer the payment of up to 50% of the Job Fund Expense Fees[1] for all clients of approved AILA Member Firms who subscribe to CARc JOB Fund-I, LLC and deposit the EB-5 Investor Program minimum capital contribution of US$500,000 into the Fund’s escrow account. 

To qualify, an Investor must:

1.      Submit CARc’s free Investor Suitability Evaluation Form;

2.      Review the Fund’s Offering Memorandum;

3.      Engage a Qualified Immigration Attorney (AILA Members);

4.     Complete and submit CARc’s Application and the Fund’s Subscription Agreement;

5.      Deposit a minimum of US$500,000, plus a minimum of US$10,000 of the Fund Expense Fee into the Fund’s escrow account[2]; and

6.      Submit a petition (on Form I-526) for the EB-5 visa to USCIS within 45 days after Subscription. 

Contact Michael Kolodner at mkolodner@gcmafunds.com today to request the free Suitability Evaluation Form and to receive further details about CARc Job Fund-I, LLC and the exciting real estate Projects in which the Fund is investing.

[1] Customary fees are $15,000 Application Fee, payable to CARc upon Subscription, and $35,000 Expense Fee, payable into Escrow with Capital Contribution at time of Subscription. Under the incentive plan, up to $25,000 of the Expense Fee may be deferred at the investor's option and will be payable, together with interest thereon as provided in the Operating Agreement of the Fund, only out of the Investor’s share of Net Income. The incentive pricing plan may be discontinued at any time without notice.

[2] Escrowed funds are held by the Escrow Agent, a  US regulated national banking company, and will not be released to the Fund prior to USCIS approval of the I-526. 100% of the amount deposited into the escrow is FULLY REFUNDABLE in the event the investor’s I-526 petition is not approved. CARc Job Fund-I, LLC will accept subscriptions from Accredited Investors, including donees of such persons and those not intending to participate in the EB-5 Program. The Manager of the Fund is Global Capital Markets Advisors, LLC. www.gcmafunds.com.



THE ANNOUNCEMENT ABOVE IS NEITHER AN OFFER TO SELL NOR THE SOLICITATION OF AN OFFER TO PURCHASE SECURITIES.  ANY OFFERING OF MEMBERSHIP UNITS IN A CARc SPONSORED FUND MAY ONLY BE MADE PURSUANT TO A WRITTEN OFFERING MEMORANDUM AND ONLY IN SUCH JURISDICTIONS WHERE AND TO SUCH PERSONS TO WHOM SUCH OFFER OR SOLICITATION IS PERMITTED. ANY SALE OF MEMBERSHIP UNITS IN A JOB FUND SHALL BE EVIDENCED BY A SUBSCRIPTION AGREEMENT EXECUTED BY AN INVESTOR AND ACCEPTED BY THE FUND. 

AN INVESTMENT IN REAL ESTATE, INCLUDING INVESTMENT IN A CARc SPONSORED JOB FUND, INVOLVES RISK.  POTENTIAL INVESTORS ARE ENCOURAGED TO RETAIN THEIR OWN PROFESSIONAL ADVISERS TO HELP THEM REVIEW AND EVALUATE THE ECONOMIC, TAX AND OTHER CONSEQUENCES OF SUCH INVESTING. POTENTIAL INVESTORS ARE NOT TO CONSTRUE THE CONTENTS HEREOF, OR ANY OTHER INFORMATION FURNISHED BY CARc OR GCMA AS LEGAL, FINANCIAL OR OTHER ADVICE.