WARC Developer Eligibility

Washington American Regional Center is always considering new investment opportunities.

We currently are interested in projects like: Data Centers, Urban Real Estate Development, Commercial Real Estate Development, Commercial Real Estate Revitalization, Residential Real Estate Development, and Manufacturing.

In order to be qualified for the EB-5 Developer program, a project must be located in a Targeted Employment Area (TEA).  A TEA is an area that must have an unemployment rate of at least 150 percent of the United States national average to receive TEA designation due to high unemployment. High unemployment areas must also be in a county or metropolitan statistical location that has a population of 20,000 residents or more. An EB-5 project can receive TEA designation if the principal location of the project is located in a high unemployment area at the time of the EB-5 investment is made.

We are able to provide:

  1. Senior Loans
  2. Mezzanine Loans
  3. Preferred Equity Loans
  4. Joint Venture Equity into projects with owners and/or institutional equity partners.

Because every project is unique there is only one consistent requirement for the EB-5 Developer loan, that is that the project is located in a TEA zoned area.

Listed below are general parameters that will help determine if EB-5 financing will be a good fit for your project. (A project does not have to meet all of the conditions listed below, however the more conditions that are met – the better your chances of qualifying for a EB-5 loan)

  1. Proven track record of similar successful developments
  2. Proven market demand with strong submarket fundamentals
  3. Developer equity contribution of at least 20% of total cost
  4. Complete projected capital stack at the start of fundraising
  5. Experienced project team – general contractor, architect, etc.
  6. Clear 5 to 6 year exit strategy for to be presented to EB-5 Investors
  7. Zoning/entitlement approvals in place
  8. Groundbreaking projected within 8-12 months
  9. Strong government support and /or participation (can range from letters of support to actual financing, grants or land contribution