EB5投資移民綠卡：亞特蘭大公寓專案分析

因為各種原因，包括綠卡排期進度，留學生就業機會，工作簽證抽籤，中國家庭對子女教育和就業的安排，等等，最近考慮辦 EB-5 投資移民的中國申請人越來越多，尤其是在美國國會透過法案建立了 EB-5 新政以後。請見我們新未名律師事務所的相關文章：《EB5 投資移民綠卡批准案例，2024 年 10 月》 https://gonglue.us/157380,《更多 EB5 投資移民永久綠卡批准案例》https://gonglue.us/218266。

EB-5 投資人最關注的一個問題是：怎樣找到靠譜的專案，面對各種宣傳材料，怎樣做出選擇。這個和選擇股票一樣，歸根到底要投資人自己做出決定，但是多瞭解資訊可以有更好的決策過程。

我們新未名律所現在開始介紹分析評點市場上的多個 EB-5 投資移民專案，形式類似於股評，新車評估，餐館評估，和各種探店，不作為具體的專案推薦和法律建議，但是根據我們的瞭解提供詳細的資訊和投資專案分析，做出我們律所的獨立評估，包括對專案各方面的打分。值得強調的是，我們的分析是與美國資深經濟學家合作，根據經濟學家提交的詳細報告做出的（我們律所獨立聯絡了經濟學家，非來自於區域中心，非來自於專案方）。我們不接受任何 EB-5 區域中心或專案方的贊助，獨立做出分析，供 EB-5 投資人考慮。

1. Overview of the Project 專案概覽

The Southern Student Housing Project is aimed at addressing the growing demand for student accommodations in Atlanta, Georgia. Located at 564 Centennial Olympic Parkway NW, this 8-story development encompasses 100 residential units that consist of 307 beds tailored for students and 6,000+ square feet of leasable retail and restaurant space. In addition, the project includes 60 parking spaces adjacent to Bobby Dodd Stadium (45,000 seat stadium) on Georgia Tech campus, which will generate added revenues through event parking. The project is managed by Dezhu Investment LLC, a Georgia-based development firm with a history of successful real estate ventures.

「美南學生住房」這個 EB-5 投資移民專案，旨在解決美國喬治亞州亞特蘭大地區日益增長的學生住宿需求。專案地址位於 564 Centennial Olympic Parkway NW，計劃建設一座 8 層樓的綜合性建築，包含 100 個住宅單元，提供 307 張學生床位，以及超過 6,000 平方英尺的零售和餐飲空間用於出租。此外，專案還包括 60 個停車位，緊鄰著名的喬治亞理工學院校園內的 Bobby Dodd 體育場（可容納 45,000 人）。這些停車位將在體育比賽和大學搞活動期間產生額外收入。該專案由總部位於喬治亞州的開發公司德築集團 Dezhu Investment LLC 管理，該公司在房地產開發領域擁有豐富的成功經驗。

A significant aspect of this project is its affiliation with the American Southern Regional Center (ASRC), a USCIS-designated EB-5 regional center approved on September 22, 2016. ASRC specializes in facilitating EB-5 investments across various sectors, including real estate development, hospitality, and infrastructure projects throughout Georgia. Their involvement ensures that the Southern Student Housing Project adheres to EB-5 program requirements, particularly in job creation and economic impact.

這個亞特蘭大公寓專案與美國南方區域中心（ASRC）合作。該中心於 2016 年 9 月 22 日獲得美國移民局（USCIS）批准，專注於喬治亞州的 EB-5 投資，包括房地產開發、酒店業和基礎設施專案。ASRC 區域中心的參與幫助這個專案符合 EB-5 要求，尤其是在創造就業和經濟影響方面。

As of November 2024, the project is over halfway completed, with an expected completion date in July 2025. The effective utilization of EB-5 funds has minimized the need to draw from the $39 million construction loan, leaving substantial reserves to ensure smooth completion and operation. This financial strategy, combined with the project’s prime location near major academic institutions like Georgia Tech, positions it as a compelling opportunity for investors seeking both financial returns and a pathway to U.S. residency through the EB-5 program.

截至 2024 年 11 月，美南學生住房專案已完成超過一半，預計於 2025 年 7 月竣工。透過有效利用 EB-5 資金，專案減少了對 3900 萬美元施工貸款的依賴，保留了充足的儲備資金，以確保專案順利完成並運營。這種財務策略，加上專案靠近喬治亞理工學院等知名學術機構的優越地理位置，讓這個專案為尋求財務回報和辦理 EB-5 投資移民綠卡的人提供了機會。

2. Highlights of This Project 專案亮點

Prime Location with Strong Demand: Situated near several major academic institutions in Atlanta, including Georgia Tech, the project capitalizes on the increasing demand for student housing. With record-breaking enrollment numbers for several years in a row, demand for student housing in the area has significantly outpaced supply, creating a robust market for purpose-built student accommodations.

優越位置與強勁需求
專案位於亞特蘭大，靠近多所主要學術機構，包括喬治亞理工學院。學生住房需求在不斷增加，專案充分利用這一優勢。近年來，當地大學的入學人數屢創新高，導致對於該地區學生住房的需求顯著超過供應量，為專門建造的學生公寓創造了強勁的市場基礎。

Secured Construction Financing: With $39 million in construction loans, only a small portion has been used, thanks to effective use of EB-5 funding. This leaves a substantial reserve to ensure smooth completion and operation.

穩健的建設融資
專案已獲得 3,900 萬美元 的施工貸款。因為能夠利用 EB-5 資金，目前專案僅使用施工貸款中的一小部分。這種財務策略保留了充足的資金儲備，確保專案順利完成並投入運營。

Mixed-Use Design Enhances Market Appeal: The combination of 100 residential units and 6,000+ square feet of leasable retail and restaurant space creates a vibrant, multi-functional environment. This design caters to both student residents and the broader community, ensuring diversified income streams.

多功能設計提升市場吸引力
專案結合了 100 個住宅單元 和超過 6,000 平方英尺的零售與餐飲空間用於出租，打造了一個有活力的多功能環境。這種設計除了滿足學生住戶的需求，還服務於更廣泛的社群，確保多樣化的收入來源。

Major Construction Progress: The project is already over 50% completed as of November 2024, with construction progressing ahead of schedule. It is on track for a July 2025 completion date, ensuring timely delivery and operational readiness for the upcoming academic year.

施工重要進展：截至 2024 年 11 月，專案已完成超過 50% 的建設任務，進展快於預期。專案預計將於 2025 年 7 月 竣工，確保在新學年開始前按時交付並投入運營。

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3. Sources of Funding 資金來源

The Southern Student Housing Project utilizes a well-balanced financial structure to ensure robust funding for construction, development, and operations. Below is a breakdown of the primary funding sources:

美南學生住房專案採用了一種平衡的財務結構，為建設、開發和運營提供了堅實的資金保障。以下是主要資金來源的詳細分析：

Senior Loan from the Keystone National Group for an amount of $10 million and $13.85 millions of Developer Equity, which was contributed by Dezhu Investment LLC, the developer. This significant capital injection demonstrates strong commitment and financial confidence in the project’s success.

高階貸款與開發商股本投入

高階貸款：專案從 Keystone National Group 獲得了 1,000 萬美元的高階貸款，用於支援建設和開發階段的資金需求。

開發商股本投入：開發商德築集團 Dezhu Investment LLC 提供了 1,385 萬美元的股本投資。這筆重要的資本注入表明了開發商對專案成功的強烈承諾和財務信心。

The project aims to raise $32 million through EB-5 investor contributions. Each EB-5 investor will contribute $800,000, benefiting from the project’s designation in a Targeted Employment Area (TEA).

EB-5投資籌資目標

專案計劃透過 EB-5投資者 籌集 3,200萬美元 的資金。

每位 EB-5 投資者將投資 80萬美元，並可受益於專案所在的 EB-5 目標就業區（TEA）優惠政策。

Construction Loan: The project has secured a $39 million construction loan as a contingency to ensure smooth completion of the project. Due to the effective use of EB-5 funds, only a small portion of this loan has been drawn to date, leaving substantial reserves available to address any unforeseen challenges during construction or early operations.

施工貸款

專案已獲得 3,900 萬美元的施工貸款，作為保障資金以確保專案順利完成。

因為使用了 EB-5 資金，目前專案僅動用了施工貸款的一小部分。剩餘的儲備資金可用來應對施工過程中或早期運營階段可能出現的事先難以預見的挑戰。

Summary of Funding Allocations:

Funding Source	Amount (Approx.)	Purpose
Developer Equity	$13.85 million	Base capital for construction and development.
Senior Loan	$10 million	A loan from Keystone National Group
EB-5 Investor Funds	$32 million	Primary funding for construction and job creation.
Construction Loan (used)	$39 million	Contingency funding, with substantial reserves remaining.

資金來源列表

資金來源	金額（約）	目的
開發商自有資本	$13.85 million	建設和開發的基礎資金
高階貸款	$10 million	來自 Keystone National Group 的貸款
EB-5 投資資金	$32 million	用於建設和創造就業的主要資金。
施工貸款（已使用部分）	$39 million	應急資金，仍保留大量儲備。

4. Market Analysis 市場分析

The Southern Student Housing project is well-positioned to meet a growing demand for purpose-built student accommodations in Atlanta. Several key factors support its strong market potential:

這個美南學生住房專案憑藉以下因素，在滿足亞特蘭大學生住宿的增長需求方面具有優勢：

Unprecedented Growth in Student Housing Demand: Georgia Tech’s enrollment has been rising steadily, setting new records annually, with an increase of over 16,000 students from 2019 to 2024. This growth further intensifies the already significant shortage of student housing in the area. Georgia Tech’s on-campus housing accommodates approximately 8,700 residents, leaving a significant portion of the student body to seek off-campus accommodations. The Atlanta student housing market remains undersupplied, with existing units experiencing high occupancy rates. This project directly addresses this gap, positioning itself as a top-tier option for students.

學生住房需求的空前增長

喬治亞理工學院的入學增長

從 2019 年到 2024 年，喬治亞理工學院的入學人數穩步上升，累計增加超過 16,000 名學生，連續創下新紀錄。

學生人數的快速增長進一步加劇了該地區已經非常顯著的學生住房短缺問題。

校園住房供需失衡

喬治亞理工學院校園內的住房設施僅能容納約 8,700 名學生，使得大量學生不得不尋找校外住宿。

這種供需缺口使得學生在校外尋找高質量住宿成為迫切需求。

亞特蘭大學生住房市場供不應求

現有學生住房專案已趨於飽和，入住率保持在高位，顯示市場明顯的供應不足。

該專案填補了亞特蘭大地區的學生住房缺口。專案定位是：學生住宿的優先選擇。

Versatile Mix-Use Strategy: The retail and restaurant spaces complement the residential units, offering convenience for tenants and additional income streams for the project. These spaces are expected to attract strong foot traffic from students and locals.

多功能混合用途策略

便利性與多功能性

專案結合了 零售和餐飲空間 與住宅單元的設計，為學生租戶提供生活便利。

這些商業空間有機會吸引大量的客流量，包括學生和附近居民。

Economic Strength of Atlanta: Atlanta continues to experience robust economic growth, supported by a diverse job market, thriving infrastructure projects, and a growing population.

The area surrounding Centennial Olympic Parkway is undergoing redevelopment, making the project part of a broader trend of urban revitalization.

亞特蘭大的經濟實力

持續的經濟增長

亞特蘭大是美國發展最快的大都市之一，其經濟由多樣化的就業市場支撐，有蓬勃發展的基礎設施專案，和人口增長，推動了當地經濟的發展。

周邊區域的城市復興

專案所在地 Centennial Olympic Parkway 周邊正在經歷重新開發，成為亞特蘭大城市復興的一部分。

Rising Project Profitability: With higher-than-anticipated demand, the project’s revenues are expected to increase, boosting its financial returns and making it even more attractive to investors.

專案盈利能力上升

基於亞特蘭大住房市場超預期的需求，預期這個專案的收益會增加。提高的盈利能力使專案更具吸引力。

5. Economic Impact Analysis 經濟影響分析

Enhanced Job Creation: The project is expected to create approximately 700 jobs, far exceeding the EB-5 requirement for 40 investors. This job creation surplus provides a buffer of 300 jobs, ensuring that all investors meet the program’s criteria, even if actual job creation falls slightly below projections. This includes positions generated during construction, and additional jobs through retail operations, and ongoing property management. The significant reserve funds from unused construction loans further ensure the project’s smooth completion and ability to meet job creation goals.

經濟影響分析

就業創造的規模

預計專案將創造約 700 個就業機會，遠超 40 位 EB-5 投資者 的最低要求（每位投資者需創造 10 個就業崗位）。

這意味著專案提供了 300 個額外就業崗位的緩衝，即使實際創造的崗位略低於預期，也能確保所有投資者滿足 EB-5 計劃的要求。

就業崗位的來源

施工階段：建築、設計、工程和施工管理領域將創造直接就業機會。

零售與運營：零售和餐飲空間的運營將帶動長期的就業，包括銷售、服務和管理崗位。

物業管理：專案投入運營後還將創造與學生公寓管理相關的持續就業機會。

資金保障與目標實現

未動用的大量建設貸款儲備為專案提供了財務保障，確保施工順利完成和實現就業要求。

Positive Regional Effects: The influx of students and residents into the property will increase spending in local businesses, including retail and restaurants, creating a ripple effect in the economy. The project also contributes to the ongoing redevelopment of the Atlanta midtown area, helping transform it into a more vibrant and attractive community.

積極的區域影響

促進本地消費

專案吸引的學生和居民將增加對當地商業的消費，包括零售店和餐飲場所。

這種消費增長將為周邊小型企業帶來更多的收入，推動區域經濟活力的提升。

助力區域復興

專案是亞特蘭大中城區域重建的一部分，推動城市更新和社群改造。

Return of EB-5 Capital: The project anticipates full repayment of EB-5 investors’ funds by 2028, providing clarity on the return timeline. This early projection demonstrates the project’s strong financial foundation and commitment to investors.

EB-5 資金回款計劃

回款時間表

專案預計將在 2028 年 全額償還 EB-5 投資者的資金，為投資者提供了明確的資金回款時間線。

提前制定的還款計劃反映了專案強大的財務基礎和對投資者的承諾。

TEA Benefits: The project’s location in a Targeted Employment Area (TEA) qualifies for the reduced EB-5 investment threshold of $800,000, making it accessible to a broader range of investors while ensuring funds are directed to high-need areas.

目標就業區（TEA）優惠政策

由於專案位於 目標就業區（TEA），投資者只需投入 80 萬美元，而非更高金額，即可參與 EB-5 投資移民計劃。滿足這一條件擴大了專案的 EB-5 投資者基礎。

6. Operational Forecast Analysis 運營預測分析

The operational outlook for this project is strong, driven by high demand for student housing, strategic financial planning, and experienced management. It is well-positioned to deliver steady income and operational stability, supported by robust demand, diversified revenue streams, and a clear financial repayment plan for EB-5 investors.

運營前景展望：學生住房需求持續增長，戰略性的規劃，和富有經驗的團隊，都有利於良好的運營前景。在強勁需求，多元化的收入來源，和清晰的 EB-5 還款計劃支援下，專案可以提供穩定的運營和收入。

Construction and Timeline: The project is currently over 50% completed, with July 2025 set as the completion date, aligning with the 2025–2026 academic year for optimal lease-up.

建設進度與時間表：專案建設已完成超過 50%，預計將在 2025 年 7 月 完工，以便在 2025-2026 學年 投入運營，實現好的入住率。

Occupancy Rates and Revenue: The property is expected to achieve high occupancy during its first academic year due to the acute shortage of student housing in Atlanta, driven by record enrollment growth at Georgia Tech and other nearby institutions. Expected occupancy rate is 90% in Year 1 (2025–2026), and stabilizing at 95%–97% by Year 2.

首學年入住率（2025–2026 學年）

由於亞特蘭大學生住房市場的嚴重短缺，專案在第一學年預計達到 90% 的入住率。

喬治亞理工學院及周邊學術機構的創紀錄入學增長是驅動這一高入住率的主要因素。

穩定期入住率

專案在第二學年（2026–2027）有望穩定在 95%–97% 的入住率。

Revenues: Residential units are expected to generate $5.72M–$6.35M annually from student housing leases for the first 5 years after the project completion while the retail spaces are expected to add an additional $800K–$1.2M annually, diversifying income streams. The EB-5 capital repayment is anticipated by 2028, backed by stable cash flow and increasing revenues.

收入預測

1. ‍住宅單元收入

學生住房租賃預計在專案完成後頭 5 年每年產生 572 萬至 635 萬美元 的收入。

2. 零售空間收入

商業零售和餐飲空間預計每年增加 80 萬至 120 萬美元 的額外收入。
這些收入來源多樣化，有助於分散財務風險。

3. ‍EB-5 資金回款

基於穩定的現金流和逐步增長的收入，預計將在 2028 年 實現 EB-5 投資者的資金回款

Operational Efficiency: Managed by Dezhu Investment LLC, leveraging their expertise to ensure efficient property management and tenant satisfaction. Reserve funds are allocated for maintenance and contingencies, ensuring long-term financial health.

運營效率: 這個專案由經驗豐富的德築集團 Dezhu Investment LLC 管理，該公司在房地產開發和物業管理領域擁有豐富的經驗，有利於租戶高滿意度。

維護與應急資金儲備：專門預留的資金用於維護和突發狀況的處理，確保物業設施的長期良好運轉和專案財務健康。

7. Risk Analysis 風險分析

While the Southern Student Housing Project is a well-structured EB-5 investment opportunity, it is not without risks. Below is a breakdown of key risks and the measures in place to mitigate them:

儘管 美南學生住房專案 是一個結構完善的 EB-5 投資機會，但它並非完全沒有風險。以下是對於主要風險以及專案應對措施的詳細分析：

Construction Risks:

Potential Delays: As with any large-scale development, there is a risk of construction delays due to supply chain disruptions, labor shortages, or unexpected issues.

施工風險分析：在任何大規模開發專案中，施工延誤都是一個常見的風險，可能由以下因素引發：

供應鏈中斷：建材或裝置交付延遲可能導致施工進度放緩。
勞動力短缺：缺乏熟練工人可能影響專案的施工效率。
意外問題：如天氣條件惡劣、地基問題或裝置故障等不可預見的情況。

Mitigation: The project is already over 50% completed and has substantial financial reserves from the unused $39 million construction loan, which provides a safety net to ensure timely completion by July 2025. 緩解措施：該專案已完成超過 50% 的工作，並且從未使用的 3900 萬美元建築貸款中積累了 substantial 財務儲備，這為確保專案在 2025 年 7 月之前按時完成提供了安全保障。

Market Risks市場風險

Student Housing Demand: While the demand for student housing is high, unexpected changes in enrollment trends at nearby universities, such as Georgia Tech, could impact lease-up rates. 學生住房需求：雖然學生住房需求較高，但附近大學（如喬治亞理工學院）入學趨勢的意外變化可能會影響租賃率。
Mitigation: Georgia Tech has sustained record-breaking enrollment growth for past 5 years and the undersupplied housing market in Atlanta significantly reduce this risk. 緩解措施：喬治亞理工學院在過去五年持續實現創紀錄的入學增長，而亞特蘭大住房市場的供應不足顯著降低了這一風險。

Financial Risks財務風險

Revenue Variability: Projected revenues depend on achieving high occupancy rates and leasing retail spaces at market rates. If these targets are not met, it could impact cash flow. 收入波動：預計的收入依賴於實現高入住率和按市場價格出租零售空間。如果這些目標未能實現，可能會影響現金流。
Mitigation: The combination of diversified income streams (residential leases and retail rents), the strong market demand, and experienced property management minimizes this risk. 緩解措施：多元化的收入來源（包括住宅租賃和零售租金）、強勁的市場需求以及經驗豐富的物業管理團隊有助於降低這一風險。

Regulatory Risks監管風險

EB-5 Program Uncertainty: Regulatory changes or delays in processing EB-5 petitions could affect investor timelines for obtaining green cards. EB-5 專案不確定性：監管變化或 EB-5 申請處理延遲可能會影響投資者獲得綠卡的時間表。
Mitigation: The project’s job creation safety cushion, which exceeds EB-5 requirements, ensures investor eligibility under current regulations. Additionally, the involvement of the American Southern Regional Center ensures compliance with EB-5 guidelines. 緩解措施：該專案創造的就業機會超過了 EB-5 要求，提供了投資者資格的保障，確保符合現行法規。此外，美國南部區域中心的參與確保了專案符合 EB-5 指導方針。

Economic and External Risks經濟和外部風險

Broader Economic Factors: Economic downturns, rising interest rates, or changes in the real estate market could impact the project’s financial performance. 更廣泛的經濟因素：經濟衰退、利率上升或房地產市場變化可能會影響專案的財務表現。
Mitigation: The strong demand for student housing, even during economic downturns, and the project’s advanced construction progress provide resilience against broader market conditions. 緩解措施：即使在經濟衰退期間，學生住房的強勁需求以及專案已取得的較大建設進展，使其能夠抵禦更廣泛的市場環境變化。

Summary of Risks and Mitigations

Risk	Likelihood	Impact	Mitigation
Construction Delays	Low	Moderate	Advanced progress, reserve funds ensure completion.
Enrollment Fluctuations	Low	Moderate	Record growth at Georgia Tech sustains demand.
Revenue Variability	Moderate	Moderate	Strong market demand and retail diversification.
Regulatory Delays	Moderate	Low	Oversized job creation and ASRC compliance.
Economic Downturn	Moderate	Moderate	Demand for student housing provides stability.

風險與緩解措施總結

風險	可能性	影響	緩解措施
施工延誤	低	適度	進展順利，儲備資金確保按時完成。
入學波動	低	適度	喬治亞理工學院的創紀錄增長維持了需求。
收入波動	適度	適度	強勁的市場需求和零售多樣化。
監管延遲	適度	低	超額的就業機會創造和 ASRC 合規性。
經濟衰退	適度	適度	學生住房需求提供穩定性。

The Southern Student Housing Project exhibits moderate risk, primarily related to typical construction and regulatory uncertainties. These risks are effectively mitigated by the project’s advanced stage of completion, strong demand for student housing, and financial safeguards. Investors are well-protected, and the likelihood of significant disruptions is low.

美南學生住房專案展示了適度風險，主要與房地產建設和監管不確定性相關。這些風險透過專案的先進建設階段、強勁的學生住房需求和財務保障得到了有效的緩解。投資者得到了良好的保護，重大幹擾的可能性較低。

8. Our Ratings on AC Marriott/Element Hotel Project Compared to Other Similar EB-5 Projects, Using a Scale of 1 to 5 (5 being the most favorable for investors).專案評分（1-5 分，5 分為最優）

我們對美南學生住房專案的評級，與其他類似的EB-5 專案相比，使用 1 到 5 的評分標準（5 為對投資者最有利）。

Reliable Funding Sources (5/5)

The project has demonstrated strong financial management, using EB-5 funds effectively to limit the draw on the $39 million construction loan, leaving ample reserves. This reserve ensures that the project can complete construction and begin operations without financial strain.

資金來源可靠性 (5/5)

該專案展示了較強的財務管理能力，有效利用 EB-5 資金，最大限度地減少了對 3900 萬美元建築貸款的依賴，從而留下了充足的儲備。這些儲備確保專案能夠順利完成建設並開始運營，而無需面臨財務壓力。

Promising Market Prospect (5/5)

The project directly addresses the acute shortage of student housing in Atlanta, driven by rising enrollment at Georgia Tech. The mixed-use design enhances marketability, catering to both student residents and local retail demand.

市場前景預測 (5/5)

該專案直接解決了亞特蘭大學生住房的嚴重短缺問題，這一問題主要由喬治亞理工學院入學人數的增加所推動。混合用途設計提升了市場吸引力，既滿足了學生居民的需求，也回應了當地零售市場的需求。

Reliable Operational Forecast (5/5)

With construction already more than halfway completed and an anticipated completion date of July 2025, the project is firmly on track to meet its timeline. Strong management by Dezhu Investment LLC adds to its operational reliability.

運營可靠性預測 (5/5)

由於建設已完成超過一半，預計將於 2025 年 7 月完成，該專案已牢牢保持在計劃時間表上。德築投資有限責任公司（Dezhu Investment LLC）強有力的管理進一步增強了專案的運營可靠性。

Economic Impact (5/5)

The project ensures the creation of well over the required 10 jobs per investor, offering a large cushion that secures investors’ green card eligibility. Additional benefits include increased local business activity and contributions to Atlanta’s urban development.

專案的經濟影響與合規 (5/5)

該專案確保為每位投資者創造的就業機會遠超要求的 10 個職位，提供了充足的保障，確保投資者有資格獲得綠卡。其他好處包括促進當地商業活動和對亞特蘭大城市發展的貢獻。

Investor Security (5/5)

Collateralized EB-5 loans and substantial unused construction loan reserves provide investors with multiple layers of financial security. The project’s advanced stage of construction reduces risk and enhances confidence in timely completion and operations.

投資者資金安全 (5/5)

有擔保的 EB-5 貸款和大量未使用的建築貸款儲備為投資者提供了多重財務安全保障。專案已進入較為先進的建設階段，降低了風險，並增強了對按時完成和順利運營的信心。

Risk Level (4/5)

Risks are minimal due to strong construction progress, secured funding, and growing market demand. Regulatory risks related to EB-5 visa processing remain, but the project’s robust structure mitigates most uncertainties.

風險級別 (4/5)

由於建設進展順利、資金保障充分以及市場需求不斷增長，風險已降至最低。儘管與 EB-5 簽證處理相關的監管風險仍然存在，但專案的穩健結構有效地緩解了大部分不確定性。

Rating (1-5)‍‍‍‍‍‍‍‍‍‍‍	Explanation
Reliable Funding Sources	5	The project’s effective use of EB-5 funds has minimized the need to draw from the $39 million construction loan, leaving a significant reserve to ensure smooth completion.
Promising Market Prospect	5	Strong demand driven by record enrollment at Georgia Tech and the undersupply of student housing, coupled with mixed-use elements, ensures market viability.
Reliable Operational Forecast	5	With construction already over halfway completed and clear progress toward the July 2025 completion date, the project is on track to deliver on its timeline.
Economic Impact	5	The project far exceeds EB-5 job creation requirements, ensuring investor eligibility while stimulating local economic activity.
Investor Security	5	Collateralized funding, excess construction loan reserves, and secure job creation outcomes provide investors with strong protections.
Risk Level	4	Minimal risks remain due to strong construction progress, sufficient funding, and robust market demand. Regulatory risks are inherent but well-managed.

評級 (1-5)	詳解
資金來源可靠性	5	該專案有效利用 EB-5 資金，最大限度地減少了對 3900 萬美元建築貸款的依賴，從而留下了充足的儲備，確保了專案的順利完成。
市場前景	5	由喬治亞理工學院創紀錄的入學人數和學生住房供應不足推動的強勁需求，加上混合用途元素，確保了專案的市場可行性。
運營可靠性	5	由於建設已完成超過一半，並且按計劃向 2025 年 7 月的完工日期推進，專案正按時完成其時間表。
經濟影響與合規	5	該專案遠超 EB-5 就業創造要求，確保了投資者的資格，同時促進了當地經濟活動。
投資者資金安全	5	有擔保的資金、充足的建築貸款儲備以及穩定的就業創造成果為投資者提供了強有力的保障。
風險級別	4	由於建設進展順利、資金充足以及市場需求強勁，剩餘的風險較小。儘管存在監管風險，但已得到有效管理。

9. Conclusion 結論

The Southern Student Housing EB-5 Project is a standout opportunity in the current EB-5 market. With its advanced construction progress, strong financial reserves, and soaring demand for student housing, the project presents minimal risks while offering significant potential benefits. For EB-5 investors, the combination of job creation, market strength, and investor protections makes this a highly attractive option.

美南學生住房 EB-5 專案在當前 EB-5 投資移民市場中是一個突出的機會。基於其先進的建設進展、充分的財務儲備和學生住房需求的上升，該專案提供了較低風險，同時具有明顯的潛在收益。對於 EB-5 投資者而言，專案的就業創造、市場優勢和投資者保護措施相結合，使其成為一個有吸引力的選擇。

新未名律師事務所（www.nwmlaw.com）編寫。

2024 年 11 月

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