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in EB-5 – from I-526 approvals, I-829 approvals, and return of
capital – are almost always connected to a strong, experienced
regional center with a smart, dedicated, and honorable team.
Independence is key. It eliminates major conflicts of
interest. The regional center and, more importantly, the
Development Opportunity!
2850 Parkway
Pigeon Forge, TN 37863
Asking: $7,500,000
SIZE 9.584 Acres 2 Lots 417,479 Lot Size. SF
The property is zoned C-6 Mixed Use
Commercial District which is currently one
of the most desirable zonings within Pigeon
Forge as it accommodates the most possible uses. The coveted C-6 designation, the
location of the tract and its current infrastructure, offer multiple lucrative options for
re-development. Can be built in four phases with existing income to offset the costs
while planning and pulling out permits.
Tony Azzi
(310) 909-5454
[email protected]
46
Gloria Gregory
(865) 299-6271
[email protected]
Chad May
(865) 299-6272
general partner of the limited partnership (or the managing
member of a limited liability company), is less likely to
encounter a conflict of interest when it is unaffiliated with the
borrower. Protecting the investors m ust always come first, and
it is imperative that the offering documents make this priority
explicit. While there are examples of self-lending regional
centers with proper due diligence practices that have achieved
success for their investors – it is still clear that conflicts are
more likely to arise in cases where the same group raising the
funds is also borrowing the funds. Investors need to know that
there is a fiduciary looking out for their interests throughout
the course of their investment. Due diligence and fiduciary
responsibility are the two most important attributes to success
in this industry. Take the Chicago Convention Center (ACCC)
as an example of what happens without due diligence and
without a fiduciary. This project featured a world-class city, a
great hotel location, and a very experienced team of securities
attorneys, immigration attorneys, and economists. It was a
very glamorous project, and the investors and brokers allowed
themselves to be enticed by the optics while failing to perform
the necessary due diligence that would have revealed the
regional center owner and developer had no experience and no
track record. In other words, when they invested their money
and their future in that project, they did so without one of the
key components of success – a strong, independent, reputable
regional center with a solid EB-5 track record.
[email protected]
EB5 INVESTORS MAGAZINE