FAQ

Please note, these FAQ’s (Frequently Asked Questions) are for informational purposes only and is not an offer to sell or a solicitation of an offer of to buy any securities. Any offering or solicitation will be made only to qualified prospective investors pursuant to a confidential offering memorandum and related subscription documents, which should be read in their entirety. These FAQs are not meant to be a substitute for professional legal and financial advice, and may not be relied on for any purpose. Please consult an attorney and/or qualified expert before choosing any EB-5 investment.

What use is made of the investor’s funds?

The EB-5 funds will be used for the construction project Wall Street Tower, located at 130 William Street, New York.

How much interest will I receive on my investment?

Investors are receiving interest of 0.25% per annum.

What is the amount required to be paid by the investor?

$500,000 of investment and $50,000 of administration fee.

What is the timeline of the project?

Wall Street Tower is under construction and is expected to be completed in November 2019.

How many jobs will be created? And how many investors are expected?

Wall Street Tower is expected to create 2,607 jobs, according to the economic report prepared by Professor Michael Evans. Wall Street Tower expects up to 200 EB-5 investors, thus providing 13 jobs to each investor.

How and when will I get my money back?

Proceeds from the sale of condo units beginning in 2019 will first pay back the construction loan, and then the EB-5 loan. For the benefit of the investor, proceeds will be put in a secure, third-party escrow account and returned once the investor receives their I-829.

Is the project within a TEA?

Yes, the project is located in a TEA. The TEA letter is available from Lightstone.

Can I visit the project site?

Yes, Lightstone would be happy to arrange such visits on a case by case basis provided enough notice is given to schedule a visit.

If the I-526 petition for my “Green Card” is denied, do I get my $500,000 back?

Yes, in the unlikely event of an I-526 denial you would be refunded your entire subscription amount ($500,000) and any interest that would accrue while the funds were held in escrow/investment.

Does the administration fee include legal counsel to represent me for my application to USCIS?

No. Lightstone believes that it is important for you to have independent legal counsel representing your interests. As a result, while we are able to recommend a lawyer who can competently handle EB-5 applications, you will ultimately choose the attorney who will represent you.

How extensive is the paperwork/application process, will I receive help?

You will be provided with a detailed schedule of requirements and a list of documents from your immigration attorney. You will also be assisted by the Lightstone EB-5 team through the entire application process.