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Thursday, August 23, 2012

Commercial Real Estate and Multifamily Debt & Equity Financing Services



Empire State EB5 Regional Center has affiliate partners that help multifamily and commercial real estate clients achieve their financial goals by focusing on growing long-term relationships and conducting business as not simply another real estate lender, but a Partner. We value our clients to such an extent that we’re more comfortable calling them partners, and their relationships with us are the foundation of our business. Specializes in debt and equity financing for multifamily, office, retail, hotel and various other commercial real estate properties. 

Multifamily :

·         FHA Multifamily Accelerated Processing (MAP) Lender
·         Top 10 Fannie DUS Multifamily Lender
·         Top Fannie Mae DUS Multifamily Small Loan Lender

Multifamily, Office, Retail, Hospitality & Industrial:

·         Bridge
·         Mezzanine Loans
·         CMBS


For more information on how we can help finance you,
2815 Monroe Avenue, Suite 2100
Rochester, New York 14618
Tel: (866) 763-6515
                                                      EMAIL HERE or WEBSITE HERE

 

Wednesday, August 22, 2012

Cuba Memorial Hospital upgrade approved


Congratulations to Cuba Memorial Hosiptal on their recent approval on the upgrade for the sprinkler system.  Empire State EB-5 is very proud to work with Cuba Memorial on our current EB-5 project that was approved by the USCIS on July 2, 2012 - Stonewood Crossing Assisted Living Facility.

(Source: Business First by Tracey Drury, Buffalo Business First Reporter) 

State regulators at the Department of Health have approved a plan to upgrade the sprinkler system at Cuba Memorial Hospital’s skilled nursing facility.

The $200,000 project allows the Allegany County facility to meet federal requirements included in the Life Safety Code for long-term care facilities and nursing homes that participate in the Medicare and Medicaid programs.


Read more here -  Buffalo Business First Article


Monday, August 20, 2012

NYS Thruway I-90 - 45% increase in tolls?

A projected 45% increase in tolls (mainly to big trucks) is being criticized. This is HUGE news for the transportation industry in New York State. The increase will cause the usage of alternative routes, such as RT-104,I-390, I-81 and I-86 (which is the current location for Allegany Square off Exit 30 on I-86 and Stonewood Crossing projects located in Cuba, NY that will be developed in the near future). Change is not always negative, we should look at it from the positive side. The businesses off such routes could gain significant volume in sales. While development projects would be on the rise for the demand in goods and services for the local communities and new visitors. Check out the video below to see what others are saying regarding this developing issue.




Read more here - YNN Article

Tuesday, August 14, 2012

Empire State EB5 interviews: Chief Financial Officer of Cuba Memorial Hospital regarding EB5 and Stonewood Crossing




For part 1 of our special blog series, Jack Ormond, Chief Financial Officer of Cuba Memorial Hospital in Cuba, New York  recently took some time to discuss with EmpireState EB-5 how the hospital came to find the EB-5 program, explain the benefits of the Cuba Memorial Expansion Project to the region and to address Jack’s experience and interactions with Empire State Regional Center Principals David Eckert and Keith Schubmehl. 

Our goal at Empire State EB-5 is to provide pragmatic and real-time insight to potential EB-5 investors, as well as organizations looking for alternative financing through the government sanctioned EB-5 program. 

The Town of Cuba is situated along the western border of Allegany County in upstate New York, with the Village of Cuba located within its borders.  Approximately an hour and a half drive south of Rochester and Buffalo, Cuba is surrounded by a lush rural landscape and is full of rich history.  Whether it is the infamous Seneca Oil Spring, beautiful Cuba Lake and numerous points of interest along the way, residents and visitors of the area delight in the scenic surroundings of Cuba. One of the mainstays of the town, Cuba Memorial Hospital, formally opened its doors on February 1, 1923.  

With 74,000 people over the age of 65 located within 30 miles of Cuba Memorial Hospital, the need for expansion of Cuba Memorial Hospital with a proposed Assisted Living Facility was met with excitement and anticipation.  With its beautiful rural location and numerous benefits to seniors within the region, its assets could not be ignored. Due to the restrictive nature of the current lending economy, Jack Ormond, Chief Financial Officer of Cuba Memorial Hospital, turned to the Empire State Regional Center EB-5 Program in order to transform the vision of this new community into a reality.

Conceptual vision of the Stonewood Crossing Assisted Living Facility at Cuba Memorial Hospital

We’ve condensed our interview with Jack in order to provide the most insightful and pertinent details, illustrating an active synopsis of the everyday ins-and-outs of the EB-5 process.

Can you tell us a bit about the proposed Assisted Living Facility Project in the Town of Cuba and what benefits it will provide to seniors?

Ormond: Cuba Memorial Hospital obtained approval from the State Health Department for a 57 apartment assisted living project. When completed, the facility will also have 22 patio homes for independent living individuals and couples. We will create a campus adjacent to the hospital so that we may provide a full spectrum of care ranging from independent living to assisted living, to skilled nursing within the hospital (in acute care) along with our urgent care center.

Can you provide some background on how you came to identify the EB-5 program as a viable financing alternative for Cuba Memorial Hospital’s new Assisted Living Facility?

Ormond: We’ve been working with Keith and Dave for 18 months, looking for financing at a reasonable rate for our assisted living project. They identified the EB-5 program, and we proceeded, completing an application and filing in late July with US Citizenship & Immigration Services (USCIS).

What has your interaction with Dave and Keith been like and how have they assisted you with ‘red-tape’ issues?

Ormond:  We are very pleased with our interaction with Dave and Keith as well as their continued work with various consultants that actually put together the economic studies and marketing data that went with our initial submission.

Look for part 2 of our special interview with Jack Ormond next week to discover how the Cuba Memorial Assisted Living Project will impact the community and general region on the economic front including insight and statistics on job creation and growth.


For more information about EB-5 programs investment opportunities or capital lending structure,
 
CONTACT US TODAY
Tel: (866) 763-6515





Thursday, August 9, 2012

USCIS approval as of July 2, 2012 - Empire State EB-5 Regional Center


As of July 2, 2012 - Empire State EB-5 Regional Center is OFFICIALLY an APPROVED Regional Center by the USCIS. 

The USCIS has recently updated their website so it reflects all the regional centers approved. Review the regional center list and Empire State EB5 Regional Center will be located under the State of New York regional centers.

Go here for USCIS Regional Center list - REGIONAL CENTER LIST HERE 


Need an alternative option to financing your next development project?


2815 Monroe Avenue, Suite 2100
Rochester, New York 14618
Tel: (866) 763-6515
 



 

Wednesday, August 8, 2012

Empire State EB5 visits Pennsylvania and Delaware


Empire State EB5 returned back from two of town meetings the past few days. We traveled to Delaware on Monday to meet with project developers, state, and county officials regarding a manufacturing plant that will be located in Delaware. The project looks very promising and will create jobs in an area that could use a boost. On Tuesday Empire State EB5 headed up north to Philadelphia, PA to have a discussion with a Real Estate developer, as well as meeting with our Immigration attorneys to handle some key issues.


For more information about EB-5 programs investment opportunities or capital lending structure,contact us today. 

Tel: (866) 763-6515




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