Latest news with #I-956F
Business Upturn
02-06-2025
- Business
- Business Upturn
First Investor in CMB Regional Centers Daytona Beach Project Receives Green Card Approval
DALLAS, June 02, 2025 (GLOBE NEWSWIRE) — CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced the first approval of a petition for conditional permanent residency in the United States (I-526E petition) by United States Citizenship and Immigration Services (USCIS) for an investor in its Group 84 – Hillwood Daytona BTS project. The I-526E petition is filed by an individual seeking a green card through the EB-5 Immigrant Investor Program, with approval signifying the eligibility of the investor and their immediate family members for conditional permanent residency in the United States. 'This first approval of an I-526E petition is a significant milestone for our business and, most importantly, for the investors and families who have entrusted us with a critical step in their immigration journey,' said Noreen Hogan, President at CMB. 'We are thrilled for this investor and look forward to additional USCIS approvals in the near future.' The CMB Group 84 EB-5 partnership lent $79.2 million to a Hillwood Development Company-affiliated entity for the construction of a Daytona Beach (Florida) build-to-suit logistics facility for a Fortune 500 tenant. CMB and Hillwood Development Company (Hillwood) have cultivated one of the most successful EB-5 lender-borrower relationships in the EB-5 space, with over 40 EB-5 projects and more than $500 million in EB-5 loan repayment to investors. CMB and Hillwood have generated significant traction over the past year with regard to record-setting speed for approvals of their EB-5 collaborations, far outpacing the USCIS-reported 13 months (for 80% of cases) for I-956F petitions: CMB Group 89 – Hillwood City Creek (I-956F approved in 39 days) CMB Group 86 – Gable House Apartments (I-956F approved in under five months) CMB Group 90 – Hillwood Treeline (I-956F approved in just over six months) CMB Group 93 – Coachella Valley (I-956F approved in three months) CMB Group 98 – Hillwood Commerce 71 (I-956F approved in under three months) About CMB Regional Centers CMB has been a leader in the EB-5 industry for over 28 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,600 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on all partnerships that have undergone USCIS adjudication. To date, CMB has repaid over $1.4 billion USD to investors. To learn more, contact CMB directly at [email protected]. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Business Wire
21-05-2025
- Business
- Business Wire
American Lending Center Continues Fast Pace
IRVINE, Calif.--(BUSINESS WIRE)--American Lending Center (ALC) recently received I-956F approval for another EB-5 project, its 29 th straight federal approval since the Reform and Integrity Act (RIA) passed in March 2022. This is a record for that industry. ALC has successfully financed 31 EB-5 projects in 17 different states and 11 different industries, ranging from commercial real estate to vertical farming to clean energy to hospital/medical facilities. In the last three years, ALC has successfully financed 31 EB-5 projects in 17 different states and 11 different industries, ranging from commercial real estate to vertical farming to clean energy to hospital/medical facilities. Each of these projects has a clear plan to create a large number of jobs, often in rural areas where jobs were scarce. I-956F applications are reviewed by the U.S. Citizenship and Immigration Services (USCIS). The I-956F approval is required for a Regional Center to move forward with an EB-5 investment project. It clears the path for the EB-5 investors to file individual immigration petitions to secure U.S. permanent residency for the family. John Shen, Founder and CEO of ALC, long has been focused on job creation and community improvement through economic development. Of the 29 projects approved under RIA, 21 were in rural areas needing economic development, five were in high-unemployment areas needing jobs and three were specifically for needed government infrastructure projects such as hospitals. The average processing time of ALC's recent I-956F applications is between three and four months. 'We are honored to be able to provide assistance to these highly beneficial projects,' Shen said. 'The ability to get an approval for every application we submitted in so little time is a testament to the talent and hard work of our team. That helps make communities better places to live.' American Lending Center was founded in 2009 and is headquartered in Irvine, Calif. Since its inception, it has provided more than $2.3 billion in loans and investments to thousands of companies in all fifty states of America. About American Lending Center: American Lending Center Holdings (ALCH) manages 14 EB-5 regional centers that may sponsor projects anywhere in continental United States and Hawaii. Since 2009, ALCH has raised EB-5 capital for over 100 projects in 31 states including I-956F approvals from USCIS of 29 projects. ALCH has been featured on the Inc. 5000 list of 'Fastest-Growing Private Companies in America' for five consecutive years (2020–2024) and was also ranked among 'America's Fastest Growing Companies' by Financial Times in 2021, 2022, 2023 and 2025. American Lending Center LLC (ALC), a mission-driven California-regulated lender, is a licensed SBA 7(a) and SSBCI lender. Together, ALCH and ALC have supported the creation or retention of over 140,000 jobs in the U.S. economy, underwriting impactful projects that foster economic growth. Follow American Lending Center on LinkedIn, Facebook, Twitter, and YouTube.
Business Wire
06-05-2025
- Business
- Business Wire
American Lending Center Among Americas' Fastest-Growing Companies
IRVINE, Calif.--(BUSINESS WIRE)--American Lending Center (ALC) has been named to the Financial Times' list of America's Fastest-Growing Companies 2025, coming in at 171. This prestigious award is presented by the Financial Times and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on April 25, 2025, and can currently be viewed on the Financial Times website. It includes companies in more than 20 countries in the Americas. American Lending Center Holdings, commonly referred to as American Lending Center, has been on the Fastest-Growing list four times. The company was founded in 2012 by CEO John Shen and is headquartered in Irvine, Calif. 'We are pleased to be included in this prestigious list of companies,' Shen said. 'With our team's commitment to our mission and creativity, we look forward to continuing success at increasing economic development and opportunity in communities across the United States.' The 2025 list is based on revenue growth between 2020 and 2023. ALC showed a 261.9% growth over that period, with 28 employees in 2023. Today, ALC employs 60 people in offices worldwide. ALC is a private non-bank lending institution recognized nationally for small business lending focused on job creation and for its work with SBA 7(a) and other loan guarantees. More recently, ALC has helped rebuild multiple rural hospitals, alternative energy, and agricultural infrastructure projects. For example, ALC has participated in a next-generation geothermal energy project in Utah. The multiple phases of the project will create an estimated 6,600 construction jobs and 160 permanent full-time positions. ALC has provided financing for multiple rural hospital projects as well. 'Creating jobs to benefit communities is key to ALC's operating principles,' Stella Zhang, ALC's Chief Operating Officer, said. 'Whether that is done by supporting infrastructure or helping small businesses, it is a win-win.' Since its inception, ALC has proudly provided over $2.2 billion in loans and investments to thousands of companies of all sizes, empowering them to grow and thrive. This is the Financial Times' sixth annual ranking of the fastest-growing companies in the Americas. Companies are ranked by their compound annual growth in revenue. About American Lending Center: American Lending Center LLC (ALC), a mission-driven California-regulated lender, is a licensed SBA 7(a) and SSBCI lender. Together, ALCH and ALC have supported the creation or retention of over 140,000 jobs in the U.S. economy, underwriting impactful projects that foster economic growth. American Lending Center Holdings (ALCH) manages 14 EB-5 regional centers sponsoring projects across the United States. Since 2009, ALCH has raised EB-5 capital for over 100 projects in 31 states including I-956F approvals from USCIS of 27 projects. ALCH has been featured on the Inc. 5000 list of 'Fastest-Growing Private Companies in America' for five consecutive years (2020–2024) and was also ranked among 'America's Fastest Growing Companies' by Financial Times in 2021, 2022, 2023 and 2025. Follow American Lending Center on LinkedIn, Facebook, and Twitter.
Business Wire
24-04-2025
- Business
- Business Wire
CORRECTING and REPLACING PHOTO Peachtree Group Receives USCIS Approval for EB-5 Funded SpringHill Suites by Marriott Development
ATLANTA--(BUSINESS WIRE)--Please replace the photo in release dated April 23, 2025 with the accompanying corrected photo. Peachtree Group received its I-956F approval for the currently under construction SpringHill Suites by Marriott in Bryce Canyon, Utah. The release reads: Peachtree Group ("Peachtree") has received its I-956F approval from U.S. Citizenship and Immigration Services (USCIS), the government agency that oversees the EB-5 Immigrant Investor Program, for the currently under construction SpringHill Suites by Marriott in Bryce Canyon, Utah. The I-956F approval, granted by USCIS, marks a crucial step in Peachtree's ongoing efforts to facilitate investment opportunities through the EB-5 program, which is designed to promote economic growth and job creation in the U.S. 'Securing USCIS approval for this project marks an important milestone,' said Adam Greene, executive vice president of EB-5 at Peachtree. 'It highlights our continued focus on structuring and originating capital for high-quality developments that generate economic impact and long-term value for investors and communities.' Peachtree originated $16.95 million in floating-rate construction financing over a three-year term for the development of a 127-room SpringHill Suites in Bryce Canyon, Utah. The hotel will be located about 10 minutes from Bryce Canyon National Park, one of the most iconic natural attractions in the United States. Known for its dramatic geological formations, the park draws more than 2 million visitors annually. The hotel is expected to be completed by mid-2025. This is the third hotel development for which Peachtree has received I-956F approval, having previously secured it for its Home2 Suites by Hilton development in Boone, N.C., and TownePlace Suites by Marriott in Palmdale, Calif. 'With strong travel demand, limited new supply and favorable market tailwinds, well-located, newly developed assets are positioned to outperform their competitive set,' said Greene. 'Construction is already underway, reducing project risk, and the firm has retained an equity stake aligned with our EB-5 investors—reinforcing our commitment and directly tying our success to theirs.' Peachtree launched its EB-5 program in 2023 as a key financing tool to support job-creating projects nationwide. The firm remains committed to delivering high-quality investment and development opportunities through its expanding portfolio of EB-5 projects. The EB-5 visa program allows foreign investors to obtain a green card in exchange for making a significant investment in a new commercial enterprise that creates jobs in the U.S. Under the program, foreign nationals who invest a minimum of $800,000 in a U.S.-based project that creates or preserves at least 10 full-time jobs for U.S. workers are eligible to apply for permanent residency. About Peachtree Group Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. For more information, visit
