New York, NY (PRWEB) December 05, 2013
CanAm Enterprises LLC (“CanAm”) today announced two Partnership Loan repayments from its PIDC Regional Center. This marks the 19th and 20th Partnership Loan repayments, further establishing CanAm as one of the leading sponsors of EB-5 investments.
In late September, The Kimpton Palomar Hotel – Philadelphia repaid its $6 million EB-5 loan to all 12 investors who received an early repayment of their principal investment. The $6 million EB-5 loan helped finance the redevelopment of a former historic building to a boutique hotel located in the prestigious Rittenhouse Square neighborhood of Philadelphia. More than 120 permanent jobs were created as a result of the project’s completion.
On October 27, 2013, a $2.5 million EB-5 loan made to Day & Zimmermann Group was repaid to investors. As one of the top-ranking operations and maintenance contractors in the United States, Day & Zimmerman Group provides a wide array of services that include engineering, construction, security and staffing to serve the needs of private companies and government agencies. The proceeds of the $2.5 million loan helped finance leasehold improvements and the expansion of its global headquarters located in Philadelphia.
The EB-5 Immigrant Investor Program is administered by the United States Citizenship and Immigration Services (USCIS). The program provides opportunities for qualified foreign nationals to achieve permanent legal residency in the U.S. through an investment in a USCIS-approved project that generates at least ten, full-time jobs in the United States.
About CanAm’s PIDC Regional Center
Designated by USCIS in 2003, PIDC Regional Center is a partnership between Philadelphia Industrial Development Corporation (PIDC) and CanAm Enterprises to offer investment opportunities pursuant to the EB-5 Immigrant Investor Program. PIDC and CanAm use EB-5 investments to capitalize The Welcome Fund, a source of low-cost capital generally available to commercial, retail, industrial or non-profit firms that create significant job growth, and which are located, or planning to locate, to Philadelphia. To date, the PIDC Regional Center has raised over $548 million in EB-5 project loans.
For more information about The Welcome Fund and PIDC, please visit http://www.pidc-pa.org
About CanAm Enterprises, LLC
With more than 25 years of experience promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record. Based on a reputation of credibility and trust, CanAm has financed more than 40 project loans and raised $1.36 billion in EB-5 investments. CanAm exclusively operates six USCIS-designated Regional Centers that are located in the Metropolitan Region of New York, the City of Philadelphia, the Commonwealth of Pennsylvania, the County of Los Angeles, the State of Hawaii and the North Country Region of Plattsburgh, NY.
For more information, please visit http://www.canamenterprises.com