EB5 Projects

Wall Street Tower

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Project Highlights

  • 228 Luxury Units
  • Construction Period: October 2015 – November 2019
  • Superb Location and Proximity to Transportation: Located near the Fulton Street Transit Hub (9 subway lines), the WTC Path Station with train service to New Jersey, and the Ferry Terminal. Furthermore, its central location between the South Street Seaport and the World Financial Center provide every convenience imaginable.

The project is located on William Street and Fulton Street, which are two of the most desirable and growing streets in downtown Manhattan. Fulton Street has become the main artery connecting the Seaport and the Financial Center, thus creating a prime retail corridor. The neighborhood has been coined the “New Downtown” and is a highly sought-after residential area.

Recent sales of luxury residential units have increased 18.4% over the same period last year.1

Capital Structure

61%
Senior Loan

$328,500,000 USD

21%
Lightstone Cash & Land Equity

$112,500,000 USD

18%
EB-5 Financing

$100,000,000 USD

Projected Value of $701 million upon project completion

Job Creation

1-01
44-Month Construction Timeframe
2-01
2,607 Estimated Jobs
3-01
200 Estimated Green Cards

The goal of the EB-5 Program is U.S. job creation. The job creation model takes construction expenditures and operation revenue, then multiplies each by a specific economic multiplier, yielding job creation. Job creation estimates performed by economist Michael Evans, PhD are above.

Project Security

5-01-1Capital Security
  • Third-Party Appraisal at $701 million upon project completion. Significantly exceeds EB-5 Loan.
  • I-526 Denial Guaranty – Guaranteed repayment of your investment if denied.
  • Construction Completion Guaranty
5-01-1Green Card Security
  • Completion of construction creates all Jobs needed for Green Card
  • Estimated Buffer of 607 Jobs
Liberty Gardens II

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Project Highlights

  • 428 Luxury Units
  • Construction Period: May 2015 – December 2017
  • Less than 500 feet from N, Q subway metro stop

New York is in the midst of an economic renaissance that is attracting records numbers of tourists and young professionals to live/work in New York City. This revitalization provides an ideal time for development in a city that has experienced record high occupancy rates.

Today, apartment occupancy rates exceed 96%, demonstrating the need for new development across the city.

Personal Guaranty of Loan

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Personal Guaranty of Loan Repayment Upon Maturity*:

 

As additional security for the loan, Lightstone CEO, David Lichtenstein, is giving a Personal Guaranty for the repayment of the EB-5 loan at the Maturity Date.

* Refer to offering documents for more information.

Capital Structure

44%
Senior Loan

$105,000,000 USD

35%
Lightstone Cash & Land Equity

$81,900,000 USD

21%
EB-5 Financing

$50,000,000 USD

Projected Value of $281 million in 2021

Job Creation

1-01
31-Month Construction Timeframe
2-01
1,605 Jobs Created
3-01
100 Green Cards

The goal of the EB-5 Program is U.S. job creation. The job creation model takes construction expenditures and operation revenue, then multiplies each by a specific economic multiplier, yielding job creation. Job creation estimates performed by economist Michael Evans, PhD are above.

Project Security

5-01-1Capital Security
  • Third-Party Appraisal at $281 million in 2021.
  • Personal Guaranty to Fund by Owner
5-01-1Green Card Security
  • Completion of construction creates all Jobs needed for Green Card
  • 600 Job Buffer
Liberty Gardens I

Highlights:

  • 429 Units / 12 Floors / Full Amenities
  • Fully Funded
  • Estimated Construction Completion February 2016

Project Updates

Liberty Gardens in Brooklyn, NY is fully funded and no longer accepting new investments. We encourage you to check back regularly for updates on the latest Liberty Gardens development progress and view site photos.

Source: 1 “Quarterly Survey of Manhattan Co-op & Condo Sales”, The Elliman Report, Q1-2016.