U.S. EB-5 Immigration Project Pennsylvania
Newbury Complex
Multi-Phase Retail Building Project
Pittsburgh Regional Investment Center | www.pittsburghric.com
Newbury Complex
The Newbury Complex is an exciting EB-5 investment opportunity in one of the
largest new retail developments in the United States, attracting new national retailors to the Pittsburgh area. The site of Newbury is located in the fastest growing
area in Pennsylvania and in the heart of the region’s energy resurgence. With the
natural gas, coal, oil and nuclear assets available it is no surprise that Newbury’s
residential homes have been selling out quickly. The residential component and
site work completed in 2008 and over the years since the Complex has evolved
to the point construction is in demand immediately on all phases of commercial
development.
1
Live
Work
Play
Pittsburgh Regional
EB-5 Area
Investment Center (PRIC)
Main Street
Entrance Parcel
Main Street Extension
2
Anchor 1
Power Center A
Anchor 2
Power Center B
Newbury Financial Structure
The total financial cost of Newbury is $410 million and EB-5 Investments will total $31
million from 62 investors. The investment will be structured as a loan and each loan
will have a maturity term of five years from the date it is invested in the project’s vertical construction. A senior lending group has provided over $46 million in loans already
on the site and is prepared to provide additional senior loans up to $70 million to compliment an up to $31 million in EB-5 second lien loans. The administration fee is $45,000
not including legal fees.
3
EB-5 Funding
Thistle Investment
Gov’t Loans and
Grant
Non-EB-5 and Equity
Investment
$31,000,000
$114,707,082
$22,846,211
$241,131,929
Total Project Cost
$409,685,222
EB-5 Funding
7%
The EB-5 loans will close on a phase
basis and will be put to work immediately upon closing. As soon as the loan
amount for the first phase has been
met, that money will be invested into
that phase. Additional funds will then
Non-EB-5 and
Equity Investment
59%
Thistle Investment
28%
go towards the second phase and so
on. This multi-phase approach will allow
closings with as few as 10 investors towards the goal of 62 investors over time.
Gov’t Loans and
Grant
6%
Job Creation
By Wright Johnson, LLC
Entire Newbury Development Project Employment
Direct
Indirect
Induced
Total
Construction
820.7
217.4
491.9
1,530
Operations
5,838.9
635.9
1,699.4
8,174.2
Total
6,659.6
853.3
2,191.3
9,704.2
USCIS approved Implan 3.0 Model
156 new jobs per investor
Safe from tenant occupancy issue
Enormous economic impact justified
by third -party counsulting company
4
Why Newbury
Additional financing from
the Senior Lender;
Full guarantee from the
developer;
Construction guarantees;
5
Payment guarantees;
Full leasing before construction;
+
A full and unconditional
refund if I-526 is denied.
A second lien package
including land, buildings
and leases.
Immediate Start, Apply NOW!
151 First Side
EQA Landmark Communities (“EQA”) is a development team based in Pittsburgh, Pennsylvania, and
work nation-wide create some of the best mixed-use
communities in America. EQA is comprised of researchers, architects, engineers, and environmental
experts, partnering with private developers, munici-
Edgewater
palities, and land-owners to help a town, a community,
or a neighborhood rediscover its natural assets.
6
Summerset at Frick Park
Thistle was founded by a group of experienced
commercial lenders, who saw an opportunity
to more efficiently address market demand
for financing through syndication rather than
through a single bank. Thistle develops, underwrites, analyses, and subscribes commercial loans for its member banks, servicing the
loan and solving any problems that may arise
during the life of the loan. It has successfully
concluded syndicated loans with 22 community
Heinz Loft Apartments
2 Galleria Mall
Regional Learning
Alliance – North Hills
Mermaid, LLC.
banks located in Pennsylvania, West Virginia,
Ohio and Maryland.
PITTSBURGH Regional Investment Center
U.S. Department of Homeland Security
24000 Avila Road, 2nd Floor
Laguna Niguel, CA 9267
Michael Matesic
Pittsburgh Regional Investment Center, LLC
4551 Forbes Avenue, Suite 200
Pittsburgh, PA 15213
Application: Request for Designation as a Regional Center
Applicant (s): Michael Matesic
Re:
Pittsburgh Regional Investment Center
RCW1 034250077 / (Formerly W09003480)
Pursuant to Section 610 of the Appropriations Act of 1993, on November 22,
2010, Michael Matesic submitted a proposal seeking approval and designation by U.S. Citizenship and Immigration Services (USCIS) of the Pittsburgh
Regional Investment Center.
USCIS hereby designates Pittsburgh Regional Investment Center as a
Regional Center within the Immigrant Investor Pilot Program and approves
the request as described below:
FOCUS OF INVESTMENT ACTIVITY:
As depicted in the economic model, the general proposal, business plan and
associated economic analysis, the Regional Center will
This EB-5 investment opportunity is managed
by the Pittsburgh Regional Investment Center
which was approved by USCIS on July, 2011.
As a wholly-owned subsidiary of a leadin nonprofit economic development agency, Idea
Foundry, it promotes the region’s international
awareness by introducing solid EB-5 projects
to foreign investors.
Whether you are an interested foreign investor or a project owner looking for investment,
we’re eager to speak with you.
Address: 4551 Forbes Ave, Suite 200,
Pittsburgh, PA
15213, USA
Tel: 001-412-682-3067
Fax: 001-412-682-3068
Email: [email protected]
Website: www.pittsburghric.com