Golden Gate Global, a leading California-based EB-5 regional center, received a Form I-956F project approval from the United States Citizenship and Immigration Services (USCIS) for its current Rural Targeted Employment Area (TEA) project, the Appellation Sun Valley. The decision continues GGG’s 100% USCIS project approval rate.
“We are thrilled to announce that our Appellation Sun Valley project has received USCIS approval, affirming the strength of our project underwriting. This milestone not only highlights our dedication to meticulous due diligence but also reinforces our commitment to providing a secure and prosperous EB-5 investment opportunity. We are proud of our outstanding track record, continuously maintaining a 100% USCIS project approval rate," stated Mark Jorgensen, Co-CEO of Golden Gate Global.
Approval of Form I-956F is a crucial milestone in the EB-5 process. It confirms that USCIS has thoroughly reviewed and approved the project's documentation, ensuring it meets all EB-5 program requirements. This includes confirming Appellation Sun Valley's status as a rural targeted employment area, along with endorsing the project's job creation approach and its secured loan structure. This approval also underlines the robust protections in place for investors.
The Appellation Sun Valley is a luxury hotel in a popular four-season destination located at the entrance to the City of Ketchum, Idaho. It consists of a fully entitled 73-room resort hotel and 12 penthouse condominium residences, a roof observatory with a picturesque mountain view, and a signature restaurant and bar operated by Michelin-starred chef Charlie Palmer. Sun Valley is famous not only as an Olympic-quality ski destination but also as a home for celebrities and top-tier businesspeople.
Appellation Sun Valley qualifies for a 20% Rural Target Employment Area Visa Set Aside, which offers investors priority visa processing and current priority dates for all countries. The minimum required investment amount is $800,000. For this offering, investors have a 95%+ job creation cushion and a short 3-year EB-5 loan term with two 1-year extensions (3+1+1).
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