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CanAm Closes a $20 Million Redeployment Investment for Mr. C Residences in Coconut Grove, Florida
CanAm Enterprises (CanAm) is pleased to announce that it has successfully closed and funded a $20 million redeployment investment in an existing $185,000,000 construction loan made by an affiliate of Mack Real Estate Credit Strategies to an affiliate of Terra Group. The construction loan is being used to finance the development of the Mr. C […]
CanAm Capital Partners Provides $10M in Mezzanine Loan Financing for Port St. Lucie Independent Living Facility Development
NEW YORK, NY – CanAm Enterprises is pleased to announce that its private equity affiliate, CanAm Capital Partners (CACP), has closed on its latest real estate investment in Florida. CACP has funded a $10 million mezzanine loan to an affiliate of Lloyd Jones, LLC for the construction of a 159-unit, highly-amenitized active adult and independent rental community development […]
FATCA and FBAR: Understanding U.S. tax reporting on foreign accounts
Government efforts to crackdown on offshore tax evasion has resulted in more paperwork and tax filings for American citizens and green card holders who maintain foreign financial accounts. FBAR has been in place since the 1970s. It is basically a form requiring individuals to self-report financial assets held in foreign bank and foreign investment accounts. […]
CanAm Announces One Willoughby Square’s Grand Opening
CanAm Enterprises (CanAm) is thrilled to announce that One Willoughby Square has officially opened. CanAm funded two separate mezzanine loans totaling $90 million to fund the development of the project. One Willoughby Square is the tallest office building in Downtown Brooklyn and the first constructed since the area was rezoned in 2004 under the Bloomberg […]
Letter From The President Regarding the Short-Term Program Lapse
Dear Limited Partner: As you may know, the EB-5 Regional Center Program (the “Program”) will sunset at the end of the day on June 30, 2021 due to a lapse in Congressional authorization to continue the Program. We understand that you may be wondering about the impact of this lapse on your immigration status, and […]
CanAm’s Statement on Behring vs Wolf Ruling
On June 22nd, the U.S. District Court for the Northern District of California ruled in Behring Regional Center LLC v. Chad Wolf, that Former Acting Homeland Security Secretary Kevin McAleenan was not properly serving in his position when he promulgated the EB-5 Modernization Final Rule, and accordingly, the new EB-5 Program regulations which took effect […]
CanAm Capital Partners Closes on $2.5 Million Preferred Equity Investment in Coordination with an affiliate of Keystone Property Group for an Office Property in Bala Cynwyd, PA
NEW YORK, NY – CanAm Enterprises (CanAm) is pleased to announce that on June 9, 2021, its private equity affiliate, CanAm Capital Partners (CACP), closed on its latest real estate investment, a $2.5 million preferred equity investment in the redevelopment of a 12-story office building, One Belmont Plaza, located in Bala Cynwyd, Pennsylvania, just outside of Philadelphia. The […]
Is EB5 Visa A Winning Opportunity For International Students?
June 16, 2021 Housing some of the world’s most prestigious universities and faculty members, the US attracted over one million international students in 2019-2020. Indian students are the second largest filer of Student Visa applications after China. A large number of Indian Students intend to stay back in the United States to pursue their desired […]
CanAm Capital Partners Closes on $21 Million Mezzanine Loan with Merrimac Ventures for 306-Unit Apartment Project in Plantation, FL
NEW YORK, NY – CanAm Enterprises is pleased to announce that its private equity affiliate, CanAm Capital Partners (CACP), closed on its latest real estate investment on May 25 2021. The $21 million mezzanine loan, along with a $50.6 million senior construction loan provided by Bank OZK, will be utilized to finance Merrimac Ventures’ $90 million […]
