EB-5

Clark Hill can assist businesses and investors in financing projects seeking to utilize foreign investment as permitted in connection with the EB-5 Immigrant Investor program.  We are experienced with all aspects of the EB-5 program and represent developers, investors, lenders, escrow agents and regional centers in EB-5 projects.

We help our clients in structuring and developing financing through the EB-5 Program, which includes advising on organizational structures, offering documents, relationships with regional centers and all elements to incorporate immigrant investors into a new business or expansion of existing developments.  For many clients, the intersection of financing, governmental agencies and foreign investors is uncomfortably new, even though the client wants to pursue opportunities incorporating immigrant investors.  Our multi-disciplinary approach provides comprehensive services for clients using the Immigrant Investor program, by seamlessly weaving together our business attorneys, immigration services, financing expertise and practical knowledge of our professionals.

Any development or business pursuing an immigrant investment strategy must develop an understanding the many variations of investment strategy. The variations include timing, investor expectations and due diligence activities.  We inform, counsel and guide our clients as they seek financing or seek to provide financing. 

 We know that the objective is to close on financing, not just experience a process, and we help our clients pursue and reach that objective.

Experience

Redevelopment of the iconic Argonaut Building in Detroit, Michigan at a project cost in excess of $150,000,000 through a multi-layered tax credit transaction involving State and Federal Historic Tax Credits, New Market Tax 

Represented a local municipality and economic development group in obtaining the first State of Illinois single community Redevelopment Authority with bonding authority of $200 million dollars

Represented investment group structure in the investment and assisted in raising $3,000,000 in capital to facilitate the acquisition of a community based financial institution

Represented commercial development client in the development of over 200,000 square feet of commercial retail strip centers located in the Chicago metropolitan area. Responsible for land acquisition, site planning/design; government entitlements; (zoning/incentives); analysis and procurement of project financing, and construction management. Utilized various economic development tools to improve profitability such as real estate tax rebates (class 8) and tax increment financing

Represented local municipality in the creation of a not for profit development entity to facilitate the development of a $500 million dollar comprehensive redevelopment plan to accommodate the acquisition and development of land for a multi carrier cargo development plan

Represented and counseled a not for profit developer in the establishment of a development joint venture in the construction of a 96 unit Section 42 federal tax credit low income senior housing facility

Represented development joint venture consisting of private equity firm and real estate developer for the development and construction of quick service restaurants throughout the United States

Acquisition and Development of Urban Office Building. Representation of a national developer in connection with (i) negotiating and drafting of documentation with respect to site acquisition, formation of single-asset limited partnership (the entity that owns and operates the project), development, construction contracting, and construction and permanent financing including multiple governmental loans and grants; (ii) assisting developer in obtaining zoning/permitting/approvals needed to develop project; and (iii) providing counsel in connection with environmental issues involving the site which was a "brownfield" site.
Acquisition and Development of Large Urban Housing Project. Representation of a national developer in connection with (i) negotiating and drafting documentation in connection with site acquisition, formation of single-asset limited partnership, project development, project development financing, construction management and contracting, construction and permanent financing including financing from government lenders, and property management; (ii) assisting developer in obtaining zoning/permitting/approvals needed to develop the project; (iii) providing counsel in connection with environmental issues; (iv) assisting developer in obtaining historic tax credits and a conservation easement; and (v) assisting developer in obtaining bridge financing for such easement and credits.
News
Clark Hill Attorney Ken Lane to Present at Michigan Association of Housing Officials’ 2014 Annual Conference June 11-13Clark Hill Attorney Frederick W. Hoffman Re-Elected to the Board of the German American Chamber of Commerce of the MidwestClark Hill Attorney Ray J. Koenig III Reappointed by Mayor Rahm Emanuel to Serve On the Chicago Commission on Human RelationsClark Hill Attorney Reginald Turner to Receive National Bar Association 2013 “Outside Counsel of the Year” AwardClark Hill Attorney Reginald Turner Receives 2013 Lifetime Services Award from the Detroit Institute of ArtsWayne County Executive Robert Ficano Appoints Clark Hill Attorney Reginald Turner to the Wayne County Airport Authority BoardClark Hill Attorney Joe Kopietz Named to Crain's Detroit Business 40 Under 40 for 2012Clark Hill Attorney Reginald Turner Appointed Chair of American Bar Association Commission on Racial and Ethnic DiversityAttorney Robert L. Schwartz Named in 2011 Edition of The Best Lawyers in AmericaRobert L. Schwartz Joins Clark Hill PLC, BirminghamClark Hill to Host “Opportunities in the Area of Renewable Energy Development and Associated Tax Credits” Panel DiscussionClark Hill Attorney Joseph S. Kopietz Presents “Low-Profit Limited Liability Companies – Expanding Access to Capital for Socially Beneficial Enterprises”Clark Hill Attorney Reginald M. Turner to Speak on Panel at “The Michigan Stimulus Impact” DiscussionClark Hill Attorney Joseph S. Kopietz to Present at Michigan Conference on Affordable Housing