555 TENTH AVENUE
TOTAL PROJECT COST
CONSTRUCTION LOAN – 1ST POSITION
EB5 PREFERRED EQUITY
ANTICIPATED EXIT STRATEGY
The Manager anticipates making distributions to EB-5 preferred equity investors within 5-7 years from the date of admission. Capital for these distributions may derive from any combination of one or more of the following sources: rental and/or sales proceeds, refinance, or repayment of debt to the Project Company from an affilated borrower.
An appraisal report prepared by Cushman & Wakefield, Inc. (“Cushman”) provided the prospective market value of the leasehold interest upon completion and stabilization. Based on the estimated completion date of November 1, 2016, the prospective market value upon completion is $700 million and $721 million upon stabilization.