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W E S T P O R T M I A M I H O U S T O N S Atilde O P A U L O M U M B A I C A P E T O W N D U B A I
EB-5 Program Overview 4
Firm Overview LCR Capital Partners 22
EB-5 Project Overview Four Seasons Hotel amp Private Residences at the Surf Club 32
What are the Next Steps 59
2 3
EB-5
PRO
GRA
M O
VERV
IEW Background
The EB-5 Investor Visa Program provides an opportunity for qualified immigrant investors and their immediate families (children up to the age of 21) to obtain US green cards and permanent residency through a one-time investment of $500000 USD into a new US business that creates 10 or more American jobs
EB5 Program Created in 1990
Administered by the United States Citizenship and Immigra-tion Services (USCIS) the EB-5 program was signed into law by President George H W Bush in 1990 Since then thousands of investors and their families have received permanent US residency creating hundreds of thousands of American jobs all at no cost to the US taxpayer
President George HW Bush Signing the Immigration Act of 1990
Country Program Name Minimum Investment
Cyprus Citizenship By Investment $5500000United Kingdom Tier 1 Investor Visa $2500000 Singapore Global Investor Programme (GIP) $2000000Malta Individual Investment Programme $1350000Portugal Golden Residence Program $589000United States EB-5 Immigrant Investor Visasup1 $500000St Kitts amp Nevis SIDF $430000
1Since the minimum EB5 investment amount has not changed since 1990 it is expected to increase substantially as early as Dec 2018
EB5 Regional Center Program Authorization History
1061992 - 1061997
11261997 - 1061999
10302000 - 1062002
1232003 - 1062007
9302008 - 362009
3112009 - 9302009
10282009 - 9302012
9282012 - 9282015
9302015 - 12112015
1282015 - 9302016
9302016 - 1292016
12102016 - 4282017
4282017 - 552017
552017 - 9302017
982017 - 1282017
1282017 - 12222017
12222017 - 1192018
1222017 - 282018
292018 - 3232018
3232018 - 9302018
10118 - 12718
1990 1992 1995 1998 2001 2004 2007 2010 2013 2016 2017 2018
ldquoThe EB-5 program has become the most popular residency program in the worldrdquo (January 2017)
ldquoIt is virtually impossible to kill a US government programrdquo
74 Of EB-5 Investments Go Into Real Estate Projectssup1
Mixed-use Real Estate
Infrastructure
Transportation and Storage
Restaurants
HotelResort Real Estate
Medical Facilities
Education
Energy
Commercial Real EstateOther
Residential Real Estate
sup1Source US Government Accountability Office Graphic by Bloomberg BusinessWeek
Popular Program
with Both Political Parties
13 Program
Extensions Since 2015
54
EB-5 INVESTOR MARKETPLACE IS RAPIDLY SHIFTING FROM CHINA TO EMERGING MARKETS
US immigration laws contain a country quota system which stipulates that no single countryrsquos citizens can claim more than 7 percent of the total EB-5 visas in a year as long as any other country wants them
~ In 2014 the EB5 program hit its annual quota of 10000 visas for the very first time
Due to historical strong demand from EB5 investors from mainland China new Chinese investors currently face extraordinarily long waiting periods before they can secure their conditional green card
~ A Chinese investor filing this year must wait approximately 15 years from the time of their investment to when they obtain their conditional green card to move to the US
The EB-5 program has experienced explosive growth since 2009 due to the its long-established guidelines and high individual approval rates Between 2010 and 2017 EB-5 capital expanded from a base of $975 million to over $6 billion per year
$20+ BILLION OF EB-5 CAPITAL OVER THE LAST 3 YEARS
1Source USCIS
LCRs EB-5 investors are sourced primarily from the countries highlighted in blue above
Number of New EB5 Investors By Fiscal Year1
1953
3805
6041 6346
10923
14373 14147
12165
2010 2011 2012 2013 2014 2015 2016 2017
Total EB-5 Visas Issued [FY 2017]
China 7755
Brazil 282
Mexico 85India 174
UK 82
South Africa 53
South Korea 195
Vietnam 471
Russia115France
35
Colombia 21Nigeria
89
Venezuela 108
Canada 55
Argentina 13
6 7
KEY EB-5 REQUIREMENTSThere are 5 key requirements that must be satisfied for an investor to successfully participate in the EB-5 investor visa program
EB-5 Investor Responsibility
MINIMUM CAPITAL
REQUIREMENT$500000 upfront investment in a new commercial enterprise
BACKGROUND CHECK
This includes proof that the investor (and if applicable their spouse and any unmarried children under the age of 21) is not a convicted criminal has no history of financial fraud and has not previously violated US immigration laws
LEGALLY SOURCED
INVESTMENT
Investor must clearly document that the required funds are from a lawful source Acceptable options include Gifts from family members Accumulation of IncomeSavings EarningsDividends from business Profits made from sale of real estate property Loans properly collateralized
LCRs Responsibility
NEW US JOBS
REQUIREMENT
At the I-526 application stage LCR presents EB5 compliant project documentation including PPM business plan and econometric report
At the I-829 application stage LCR presents proof that at least ten full-time American jobs were created for each of the projects EB5 investors
LCRs current EB5 project was initially partially funded with bridge construction financing Per USCIS guidelines a project may begin construction funded by bridge financing and then later may replace it with capital raised from new EB-5 investors The projectrsquos EB-5 investors will thus receive full credit towards their EB-5 job creation requirements
rdquoAT RISKrdquo INVESTMENT
Per US law the EB-5 investor cannot be offered any guaranteed return on or of capital nor possess any redemption rights on invested capital
The investment must be ldquoat riskrdquo (ie fully invested in the project) throughout the adjudication of the investorrsquos I-829 petition
1
2
3
4
5
EB-5 PROCESS amp TIMELINE
30 days 8 to 22 months 3 to 9 months 24 months 20 monthsPrivate consultation with LCR including complimentary Source of Funds (SOF) assessment
LCR refers experienced US immigration firm to begin SOF analysis
Select immigration firm and complete new client forms and subscription documents
Deposit $500000 and Administration Fee into the US project escrow account
Submit I-526 petition to USCIS
Track funds throughout project life cycle via your personal account at NES Financial
Monitor project via LCRs quarterly project updates
Upon I-526 petition approval file for adjustment of status (if you already live in the US] or file for an immigrant visa [if you live outside the US)
I-526 Approval Rates 924 (FY2017)
Must Visit The United States At Least Once Every 6 Months
Apply for optional 2-Year Reentry Permit and reduce the need to travel to the US as frequently
Submit I-829 petition to remove conditions on your US green card
I-829 Approval Rates 961 (FY2017)
This timeline is for general informational purposes only The actual time required to complete the EB-5 immigration process will vary based on the investmentselected each individualrsquos case USCIS processing times and other factors
9
RISKS OF NOT OBTAINING A US GREEN CARD
CONDITIONAL 2 YEAR GREEN CARD PERMANENT GREEN CARD
KEY CRITERIA LCRs CURRENT EB-5 PROJECT KEY CRITERIA LCRs CURRENT EB-5
PROJECT
IS PROJECT DOCUMENTATION EB5 COMPLIANT
Yes USCIS Approval Received In April 2018
DID THE PROJECT CREATE ENOUGH JOBS FOR ALL ITS INVESTORS
Yes 8000 Jobs Have Already Been Created (For 200 EB-5 Investors)
DOES THE EB-5 INVESTOR MEET 3 KEY REQUIREMENTS
LCR Will Only Accept Investors Who Meet USCIS Standards
DID THE EB-5 INVESTOR MEET US RESIDENCY REQUIREMENTS
Must Visit The United States At Least Twice Per Year
IF I-526 PETITION IS DENIED LCR WILL REFUND THE $500K INVESTMENT
ldquoThis Could Be the Quickest Way to Get a Green Cardrdquo (May 2016)
MUTUAL EVALUATION
PROCESS
I-526 PETITION REVIEW
OBTAIN CONDITIONAL US GREEN
CARD
CONDITIONAL US RESIDENCY
PERIOD
I-829 PETITION REVIEW
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
8
APPLICATIONS TO TOP TIER US UNIVERSITIES SURGE TO RECORD HIGHS
Given the overwhelming surge in applications from international students the competition for acceptance
into American universities is fiercer than ever
University Foreign Student US Green Card Holder
01 45
01 45
06 48
10 69
12 112
12 83
15 93
29 84
88 175
130 160
Sources University admissions websites and admissions officers
IT HAS NEVER BEEN AS HARD AS IT IS TODAY TO GET INTO TOP US COLLEGES AND UNIVERSITIES
University Increase in Number of Applications From 2012 to 2018
1668
2467
2488
3014
3559
3703
4590
4749
5648
6668
TOTAL 3887
INTERNATIONAL STUDENTS ACCEPTANCE RATES IMPROVEMENT RANGE FROM 20 TO 40X+
1110
UC BERKELEY
GEORGIA TECH
TOTAL STUDENT ENROLLMENT
37581INTERNATIONAL STUDENTENROLLMENT
5951 OR 16
TOTAL STUDENT ENROLLMENT
20034INTERNATIONAL STUDENTENROLLMENT
3000
TUITION amp FEES PER YEARIN-STATE $16120
INTERNATIONAL $42802
4 YEAR COST SAVINGS FOR US RESIDENTS
$106728
TUITION amp FEES PER YEARIN-STATE $10008
INTERNATIONAL $30604
4 YEAR COST SAVINGS FOR US RESIDENTS
$82384
UNIVERSITY OF TEXASTOTAL STUDENT ENROLLMENT
50950INTERNATIONAL STUDENTENROLLMENT
6404 OR 125
TUITION amp FEES PER YEARIN-STATE $9806
INTERNATIONAL $34676
4 YEAR COST SAVINGS FOR US RESIDENTS
$99480
INTERNATIONAL STUDENTS COULD FACE HIGHER TUITION RATES WHILE ATTENDING US UNIVERSITIES
POTENTIAL TUITION SAVINGS OVER 4 YEARS FOR IN-STATE RESIDENTS
UNIVERSITY OF FLORIDA
UCLA
TOTAL STUDENT ENROLLMENT
52286INTERNATIONAL STUDENTENROLLMENT
7107 OR 135
TOTAL STUDENT ENROLLMENT
44947INTERNATIONAL STUDENTENROLLMENT
4805
TUITION amp FEES PER YEARIN-STATE $6380
INTERNATIONAL $30130
4 YEAR COST SAVINGS FOR US RESIDENTS
$95000
TUITION amp FEES PER YEARIN-STATE $26164
INTERNATIONAL $49042
4 YEAR COST SAVINGS FOR US RESIDENTS
$91512
1312
I will end forever the use of the H-1B as a cheap labor program and institute an absolute requirement to hire American workers for every visa and immigration program No exceptions
ndash Donald TrumpMarch 6 2016
THE PRESENCE OF OVER 1 MILLION INTERNATIONAL STUDENTS ON US CAMPUSES HAS LED TO INCREASED COMPETITION FOR THE 85000 H-1B VISAS ISSUED EACH YEAR
THE H-1B EMPLOYER-SPONSORED VISA IS NO LONGER A DEPENDABLE OPTION
While H-1B Visa Applications Have Averaged Over
211000 Since 2014 The Number of Available H-1B
Visas Remains Fixed at 85000 Per Year
Increase in H-1B Visa Applications
1735K
2330K 2360K
1990K
2014 2015 2016 2017
Read More
ldquo ldquo
bull Employees working on an H-1B visa face significant challenges includingbull Limited career mobilityadvancement based on need to remain with sponsor
company
bull Lower annual compensation than US green card holders (average 20-25 less)
bull Forgone entrepreneurial and start-up opportunities
bull Certain nationalities (eg India amp China) face longer waiting times than othernationalities due to priority dates (for example an Indian on an H-1B will need towait at least 10 years before finally obtaining green card
bull General lifecareer uncertainty
bull With a US Green Card through the EB-5 program employment opportunitiesare unlimited
14 1514
NTERNATIONAL STUDENTS FACE FOUR SIGNIFICANT ROADBLOCKS PURSUING PROFESSIONAL AND ENTREPRENEURIAL CAREERS IN THE US
Roadblock 1 H-1B Lottery
USCIS conducts an annual lottery randomly determining which cases will be adjudicatedbull Only 85000 visas available bull 200000 student applicants each year
Roadblock 2 Recent Adjudication Trends
bull Selection in the annual lottery does not mean an approvalbull Since 2017 USCIS has heightened scrutiny of each H-1B petitionbull RFEs up by 45+
Roadblock 3 H-1B Limitations
bull Restricted career mobility (H-1B holder is restricted to the same company and in the same position and thus cannot be promoted or move to a new company without a new H-1B visa)
bull Maximum of six years duration
Roadblock 4 Permanent Residence Backlogs
bull Long wait for US Green Card (especially India and China)bull EB-1 (Extraordinary Ability) 6 year backlogbull EB-2 (Masters Degree) 10 year backlogbull EB-3 (Bachelors Degree) Over 10 year backlog
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
1716
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
EB-5 Program Overview 4
Firm Overview LCR Capital Partners 22
EB-5 Project Overview Four Seasons Hotel amp Private Residences at the Surf Club 32
What are the Next Steps 59
2 3
EB-5
PRO
GRA
M O
VERV
IEW Background
The EB-5 Investor Visa Program provides an opportunity for qualified immigrant investors and their immediate families (children up to the age of 21) to obtain US green cards and permanent residency through a one-time investment of $500000 USD into a new US business that creates 10 or more American jobs
EB5 Program Created in 1990
Administered by the United States Citizenship and Immigra-tion Services (USCIS) the EB-5 program was signed into law by President George H W Bush in 1990 Since then thousands of investors and their families have received permanent US residency creating hundreds of thousands of American jobs all at no cost to the US taxpayer
President George HW Bush Signing the Immigration Act of 1990
Country Program Name Minimum Investment
Cyprus Citizenship By Investment $5500000United Kingdom Tier 1 Investor Visa $2500000 Singapore Global Investor Programme (GIP) $2000000Malta Individual Investment Programme $1350000Portugal Golden Residence Program $589000United States EB-5 Immigrant Investor Visasup1 $500000St Kitts amp Nevis SIDF $430000
1Since the minimum EB5 investment amount has not changed since 1990 it is expected to increase substantially as early as Dec 2018
EB5 Regional Center Program Authorization History
1061992 - 1061997
11261997 - 1061999
10302000 - 1062002
1232003 - 1062007
9302008 - 362009
3112009 - 9302009
10282009 - 9302012
9282012 - 9282015
9302015 - 12112015
1282015 - 9302016
9302016 - 1292016
12102016 - 4282017
4282017 - 552017
552017 - 9302017
982017 - 1282017
1282017 - 12222017
12222017 - 1192018
1222017 - 282018
292018 - 3232018
3232018 - 9302018
10118 - 12718
1990 1992 1995 1998 2001 2004 2007 2010 2013 2016 2017 2018
ldquoThe EB-5 program has become the most popular residency program in the worldrdquo (January 2017)
ldquoIt is virtually impossible to kill a US government programrdquo
74 Of EB-5 Investments Go Into Real Estate Projectssup1
Mixed-use Real Estate
Infrastructure
Transportation and Storage
Restaurants
HotelResort Real Estate
Medical Facilities
Education
Energy
Commercial Real EstateOther
Residential Real Estate
sup1Source US Government Accountability Office Graphic by Bloomberg BusinessWeek
Popular Program
with Both Political Parties
13 Program
Extensions Since 2015
54
EB-5 INVESTOR MARKETPLACE IS RAPIDLY SHIFTING FROM CHINA TO EMERGING MARKETS
US immigration laws contain a country quota system which stipulates that no single countryrsquos citizens can claim more than 7 percent of the total EB-5 visas in a year as long as any other country wants them
~ In 2014 the EB5 program hit its annual quota of 10000 visas for the very first time
Due to historical strong demand from EB5 investors from mainland China new Chinese investors currently face extraordinarily long waiting periods before they can secure their conditional green card
~ A Chinese investor filing this year must wait approximately 15 years from the time of their investment to when they obtain their conditional green card to move to the US
The EB-5 program has experienced explosive growth since 2009 due to the its long-established guidelines and high individual approval rates Between 2010 and 2017 EB-5 capital expanded from a base of $975 million to over $6 billion per year
$20+ BILLION OF EB-5 CAPITAL OVER THE LAST 3 YEARS
1Source USCIS
LCRs EB-5 investors are sourced primarily from the countries highlighted in blue above
Number of New EB5 Investors By Fiscal Year1
1953
3805
6041 6346
10923
14373 14147
12165
2010 2011 2012 2013 2014 2015 2016 2017
Total EB-5 Visas Issued [FY 2017]
China 7755
Brazil 282
Mexico 85India 174
UK 82
South Africa 53
South Korea 195
Vietnam 471
Russia115France
35
Colombia 21Nigeria
89
Venezuela 108
Canada 55
Argentina 13
6 7
KEY EB-5 REQUIREMENTSThere are 5 key requirements that must be satisfied for an investor to successfully participate in the EB-5 investor visa program
EB-5 Investor Responsibility
MINIMUM CAPITAL
REQUIREMENT$500000 upfront investment in a new commercial enterprise
BACKGROUND CHECK
This includes proof that the investor (and if applicable their spouse and any unmarried children under the age of 21) is not a convicted criminal has no history of financial fraud and has not previously violated US immigration laws
LEGALLY SOURCED
INVESTMENT
Investor must clearly document that the required funds are from a lawful source Acceptable options include Gifts from family members Accumulation of IncomeSavings EarningsDividends from business Profits made from sale of real estate property Loans properly collateralized
LCRs Responsibility
NEW US JOBS
REQUIREMENT
At the I-526 application stage LCR presents EB5 compliant project documentation including PPM business plan and econometric report
At the I-829 application stage LCR presents proof that at least ten full-time American jobs were created for each of the projects EB5 investors
LCRs current EB5 project was initially partially funded with bridge construction financing Per USCIS guidelines a project may begin construction funded by bridge financing and then later may replace it with capital raised from new EB-5 investors The projectrsquos EB-5 investors will thus receive full credit towards their EB-5 job creation requirements
rdquoAT RISKrdquo INVESTMENT
Per US law the EB-5 investor cannot be offered any guaranteed return on or of capital nor possess any redemption rights on invested capital
The investment must be ldquoat riskrdquo (ie fully invested in the project) throughout the adjudication of the investorrsquos I-829 petition
1
2
3
4
5
EB-5 PROCESS amp TIMELINE
30 days 8 to 22 months 3 to 9 months 24 months 20 monthsPrivate consultation with LCR including complimentary Source of Funds (SOF) assessment
LCR refers experienced US immigration firm to begin SOF analysis
Select immigration firm and complete new client forms and subscription documents
Deposit $500000 and Administration Fee into the US project escrow account
Submit I-526 petition to USCIS
Track funds throughout project life cycle via your personal account at NES Financial
Monitor project via LCRs quarterly project updates
Upon I-526 petition approval file for adjustment of status (if you already live in the US] or file for an immigrant visa [if you live outside the US)
I-526 Approval Rates 924 (FY2017)
Must Visit The United States At Least Once Every 6 Months
Apply for optional 2-Year Reentry Permit and reduce the need to travel to the US as frequently
Submit I-829 petition to remove conditions on your US green card
I-829 Approval Rates 961 (FY2017)
This timeline is for general informational purposes only The actual time required to complete the EB-5 immigration process will vary based on the investmentselected each individualrsquos case USCIS processing times and other factors
9
RISKS OF NOT OBTAINING A US GREEN CARD
CONDITIONAL 2 YEAR GREEN CARD PERMANENT GREEN CARD
KEY CRITERIA LCRs CURRENT EB-5 PROJECT KEY CRITERIA LCRs CURRENT EB-5
PROJECT
IS PROJECT DOCUMENTATION EB5 COMPLIANT
Yes USCIS Approval Received In April 2018
DID THE PROJECT CREATE ENOUGH JOBS FOR ALL ITS INVESTORS
Yes 8000 Jobs Have Already Been Created (For 200 EB-5 Investors)
DOES THE EB-5 INVESTOR MEET 3 KEY REQUIREMENTS
LCR Will Only Accept Investors Who Meet USCIS Standards
DID THE EB-5 INVESTOR MEET US RESIDENCY REQUIREMENTS
Must Visit The United States At Least Twice Per Year
IF I-526 PETITION IS DENIED LCR WILL REFUND THE $500K INVESTMENT
ldquoThis Could Be the Quickest Way to Get a Green Cardrdquo (May 2016)
MUTUAL EVALUATION
PROCESS
I-526 PETITION REVIEW
OBTAIN CONDITIONAL US GREEN
CARD
CONDITIONAL US RESIDENCY
PERIOD
I-829 PETITION REVIEW
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
8
APPLICATIONS TO TOP TIER US UNIVERSITIES SURGE TO RECORD HIGHS
Given the overwhelming surge in applications from international students the competition for acceptance
into American universities is fiercer than ever
University Foreign Student US Green Card Holder
01 45
01 45
06 48
10 69
12 112
12 83
15 93
29 84
88 175
130 160
Sources University admissions websites and admissions officers
IT HAS NEVER BEEN AS HARD AS IT IS TODAY TO GET INTO TOP US COLLEGES AND UNIVERSITIES
University Increase in Number of Applications From 2012 to 2018
1668
2467
2488
3014
3559
3703
4590
4749
5648
6668
TOTAL 3887
INTERNATIONAL STUDENTS ACCEPTANCE RATES IMPROVEMENT RANGE FROM 20 TO 40X+
1110
UC BERKELEY
GEORGIA TECH
TOTAL STUDENT ENROLLMENT
37581INTERNATIONAL STUDENTENROLLMENT
5951 OR 16
TOTAL STUDENT ENROLLMENT
20034INTERNATIONAL STUDENTENROLLMENT
3000
TUITION amp FEES PER YEARIN-STATE $16120
INTERNATIONAL $42802
4 YEAR COST SAVINGS FOR US RESIDENTS
$106728
TUITION amp FEES PER YEARIN-STATE $10008
INTERNATIONAL $30604
4 YEAR COST SAVINGS FOR US RESIDENTS
$82384
UNIVERSITY OF TEXASTOTAL STUDENT ENROLLMENT
50950INTERNATIONAL STUDENTENROLLMENT
6404 OR 125
TUITION amp FEES PER YEARIN-STATE $9806
INTERNATIONAL $34676
4 YEAR COST SAVINGS FOR US RESIDENTS
$99480
INTERNATIONAL STUDENTS COULD FACE HIGHER TUITION RATES WHILE ATTENDING US UNIVERSITIES
POTENTIAL TUITION SAVINGS OVER 4 YEARS FOR IN-STATE RESIDENTS
UNIVERSITY OF FLORIDA
UCLA
TOTAL STUDENT ENROLLMENT
52286INTERNATIONAL STUDENTENROLLMENT
7107 OR 135
TOTAL STUDENT ENROLLMENT
44947INTERNATIONAL STUDENTENROLLMENT
4805
TUITION amp FEES PER YEARIN-STATE $6380
INTERNATIONAL $30130
4 YEAR COST SAVINGS FOR US RESIDENTS
$95000
TUITION amp FEES PER YEARIN-STATE $26164
INTERNATIONAL $49042
4 YEAR COST SAVINGS FOR US RESIDENTS
$91512
1312
I will end forever the use of the H-1B as a cheap labor program and institute an absolute requirement to hire American workers for every visa and immigration program No exceptions
ndash Donald TrumpMarch 6 2016
THE PRESENCE OF OVER 1 MILLION INTERNATIONAL STUDENTS ON US CAMPUSES HAS LED TO INCREASED COMPETITION FOR THE 85000 H-1B VISAS ISSUED EACH YEAR
THE H-1B EMPLOYER-SPONSORED VISA IS NO LONGER A DEPENDABLE OPTION
While H-1B Visa Applications Have Averaged Over
211000 Since 2014 The Number of Available H-1B
Visas Remains Fixed at 85000 Per Year
Increase in H-1B Visa Applications
1735K
2330K 2360K
1990K
2014 2015 2016 2017
Read More
ldquo ldquo
bull Employees working on an H-1B visa face significant challenges includingbull Limited career mobilityadvancement based on need to remain with sponsor
company
bull Lower annual compensation than US green card holders (average 20-25 less)
bull Forgone entrepreneurial and start-up opportunities
bull Certain nationalities (eg India amp China) face longer waiting times than othernationalities due to priority dates (for example an Indian on an H-1B will need towait at least 10 years before finally obtaining green card
bull General lifecareer uncertainty
bull With a US Green Card through the EB-5 program employment opportunitiesare unlimited
14 1514
NTERNATIONAL STUDENTS FACE FOUR SIGNIFICANT ROADBLOCKS PURSUING PROFESSIONAL AND ENTREPRENEURIAL CAREERS IN THE US
Roadblock 1 H-1B Lottery
USCIS conducts an annual lottery randomly determining which cases will be adjudicatedbull Only 85000 visas available bull 200000 student applicants each year
Roadblock 2 Recent Adjudication Trends
bull Selection in the annual lottery does not mean an approvalbull Since 2017 USCIS has heightened scrutiny of each H-1B petitionbull RFEs up by 45+
Roadblock 3 H-1B Limitations
bull Restricted career mobility (H-1B holder is restricted to the same company and in the same position and thus cannot be promoted or move to a new company without a new H-1B visa)
bull Maximum of six years duration
Roadblock 4 Permanent Residence Backlogs
bull Long wait for US Green Card (especially India and China)bull EB-1 (Extraordinary Ability) 6 year backlogbull EB-2 (Masters Degree) 10 year backlogbull EB-3 (Bachelors Degree) Over 10 year backlog
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
1716
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
EB-5
PRO
GRA
M O
VERV
IEW Background
The EB-5 Investor Visa Program provides an opportunity for qualified immigrant investors and their immediate families (children up to the age of 21) to obtain US green cards and permanent residency through a one-time investment of $500000 USD into a new US business that creates 10 or more American jobs
EB5 Program Created in 1990
Administered by the United States Citizenship and Immigra-tion Services (USCIS) the EB-5 program was signed into law by President George H W Bush in 1990 Since then thousands of investors and their families have received permanent US residency creating hundreds of thousands of American jobs all at no cost to the US taxpayer
President George HW Bush Signing the Immigration Act of 1990
Country Program Name Minimum Investment
Cyprus Citizenship By Investment $5500000United Kingdom Tier 1 Investor Visa $2500000 Singapore Global Investor Programme (GIP) $2000000Malta Individual Investment Programme $1350000Portugal Golden Residence Program $589000United States EB-5 Immigrant Investor Visasup1 $500000St Kitts amp Nevis SIDF $430000
1Since the minimum EB5 investment amount has not changed since 1990 it is expected to increase substantially as early as Dec 2018
EB5 Regional Center Program Authorization History
1061992 - 1061997
11261997 - 1061999
10302000 - 1062002
1232003 - 1062007
9302008 - 362009
3112009 - 9302009
10282009 - 9302012
9282012 - 9282015
9302015 - 12112015
1282015 - 9302016
9302016 - 1292016
12102016 - 4282017
4282017 - 552017
552017 - 9302017
982017 - 1282017
1282017 - 12222017
12222017 - 1192018
1222017 - 282018
292018 - 3232018
3232018 - 9302018
10118 - 12718
1990 1992 1995 1998 2001 2004 2007 2010 2013 2016 2017 2018
ldquoThe EB-5 program has become the most popular residency program in the worldrdquo (January 2017)
ldquoIt is virtually impossible to kill a US government programrdquo
74 Of EB-5 Investments Go Into Real Estate Projectssup1
Mixed-use Real Estate
Infrastructure
Transportation and Storage
Restaurants
HotelResort Real Estate
Medical Facilities
Education
Energy
Commercial Real EstateOther
Residential Real Estate
sup1Source US Government Accountability Office Graphic by Bloomberg BusinessWeek
Popular Program
with Both Political Parties
13 Program
Extensions Since 2015
54
EB-5 INVESTOR MARKETPLACE IS RAPIDLY SHIFTING FROM CHINA TO EMERGING MARKETS
US immigration laws contain a country quota system which stipulates that no single countryrsquos citizens can claim more than 7 percent of the total EB-5 visas in a year as long as any other country wants them
~ In 2014 the EB5 program hit its annual quota of 10000 visas for the very first time
Due to historical strong demand from EB5 investors from mainland China new Chinese investors currently face extraordinarily long waiting periods before they can secure their conditional green card
~ A Chinese investor filing this year must wait approximately 15 years from the time of their investment to when they obtain their conditional green card to move to the US
The EB-5 program has experienced explosive growth since 2009 due to the its long-established guidelines and high individual approval rates Between 2010 and 2017 EB-5 capital expanded from a base of $975 million to over $6 billion per year
$20+ BILLION OF EB-5 CAPITAL OVER THE LAST 3 YEARS
1Source USCIS
LCRs EB-5 investors are sourced primarily from the countries highlighted in blue above
Number of New EB5 Investors By Fiscal Year1
1953
3805
6041 6346
10923
14373 14147
12165
2010 2011 2012 2013 2014 2015 2016 2017
Total EB-5 Visas Issued [FY 2017]
China 7755
Brazil 282
Mexico 85India 174
UK 82
South Africa 53
South Korea 195
Vietnam 471
Russia115France
35
Colombia 21Nigeria
89
Venezuela 108
Canada 55
Argentina 13
6 7
KEY EB-5 REQUIREMENTSThere are 5 key requirements that must be satisfied for an investor to successfully participate in the EB-5 investor visa program
EB-5 Investor Responsibility
MINIMUM CAPITAL
REQUIREMENT$500000 upfront investment in a new commercial enterprise
BACKGROUND CHECK
This includes proof that the investor (and if applicable their spouse and any unmarried children under the age of 21) is not a convicted criminal has no history of financial fraud and has not previously violated US immigration laws
LEGALLY SOURCED
INVESTMENT
Investor must clearly document that the required funds are from a lawful source Acceptable options include Gifts from family members Accumulation of IncomeSavings EarningsDividends from business Profits made from sale of real estate property Loans properly collateralized
LCRs Responsibility
NEW US JOBS
REQUIREMENT
At the I-526 application stage LCR presents EB5 compliant project documentation including PPM business plan and econometric report
At the I-829 application stage LCR presents proof that at least ten full-time American jobs were created for each of the projects EB5 investors
LCRs current EB5 project was initially partially funded with bridge construction financing Per USCIS guidelines a project may begin construction funded by bridge financing and then later may replace it with capital raised from new EB-5 investors The projectrsquos EB-5 investors will thus receive full credit towards their EB-5 job creation requirements
rdquoAT RISKrdquo INVESTMENT
Per US law the EB-5 investor cannot be offered any guaranteed return on or of capital nor possess any redemption rights on invested capital
The investment must be ldquoat riskrdquo (ie fully invested in the project) throughout the adjudication of the investorrsquos I-829 petition
1
2
3
4
5
EB-5 PROCESS amp TIMELINE
30 days 8 to 22 months 3 to 9 months 24 months 20 monthsPrivate consultation with LCR including complimentary Source of Funds (SOF) assessment
LCR refers experienced US immigration firm to begin SOF analysis
Select immigration firm and complete new client forms and subscription documents
Deposit $500000 and Administration Fee into the US project escrow account
Submit I-526 petition to USCIS
Track funds throughout project life cycle via your personal account at NES Financial
Monitor project via LCRs quarterly project updates
Upon I-526 petition approval file for adjustment of status (if you already live in the US] or file for an immigrant visa [if you live outside the US)
I-526 Approval Rates 924 (FY2017)
Must Visit The United States At Least Once Every 6 Months
Apply for optional 2-Year Reentry Permit and reduce the need to travel to the US as frequently
Submit I-829 petition to remove conditions on your US green card
I-829 Approval Rates 961 (FY2017)
This timeline is for general informational purposes only The actual time required to complete the EB-5 immigration process will vary based on the investmentselected each individualrsquos case USCIS processing times and other factors
9
RISKS OF NOT OBTAINING A US GREEN CARD
CONDITIONAL 2 YEAR GREEN CARD PERMANENT GREEN CARD
KEY CRITERIA LCRs CURRENT EB-5 PROJECT KEY CRITERIA LCRs CURRENT EB-5
PROJECT
IS PROJECT DOCUMENTATION EB5 COMPLIANT
Yes USCIS Approval Received In April 2018
DID THE PROJECT CREATE ENOUGH JOBS FOR ALL ITS INVESTORS
Yes 8000 Jobs Have Already Been Created (For 200 EB-5 Investors)
DOES THE EB-5 INVESTOR MEET 3 KEY REQUIREMENTS
LCR Will Only Accept Investors Who Meet USCIS Standards
DID THE EB-5 INVESTOR MEET US RESIDENCY REQUIREMENTS
Must Visit The United States At Least Twice Per Year
IF I-526 PETITION IS DENIED LCR WILL REFUND THE $500K INVESTMENT
ldquoThis Could Be the Quickest Way to Get a Green Cardrdquo (May 2016)
MUTUAL EVALUATION
PROCESS
I-526 PETITION REVIEW
OBTAIN CONDITIONAL US GREEN
CARD
CONDITIONAL US RESIDENCY
PERIOD
I-829 PETITION REVIEW
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
8
APPLICATIONS TO TOP TIER US UNIVERSITIES SURGE TO RECORD HIGHS
Given the overwhelming surge in applications from international students the competition for acceptance
into American universities is fiercer than ever
University Foreign Student US Green Card Holder
01 45
01 45
06 48
10 69
12 112
12 83
15 93
29 84
88 175
130 160
Sources University admissions websites and admissions officers
IT HAS NEVER BEEN AS HARD AS IT IS TODAY TO GET INTO TOP US COLLEGES AND UNIVERSITIES
University Increase in Number of Applications From 2012 to 2018
1668
2467
2488
3014
3559
3703
4590
4749
5648
6668
TOTAL 3887
INTERNATIONAL STUDENTS ACCEPTANCE RATES IMPROVEMENT RANGE FROM 20 TO 40X+
1110
UC BERKELEY
GEORGIA TECH
TOTAL STUDENT ENROLLMENT
37581INTERNATIONAL STUDENTENROLLMENT
5951 OR 16
TOTAL STUDENT ENROLLMENT
20034INTERNATIONAL STUDENTENROLLMENT
3000
TUITION amp FEES PER YEARIN-STATE $16120
INTERNATIONAL $42802
4 YEAR COST SAVINGS FOR US RESIDENTS
$106728
TUITION amp FEES PER YEARIN-STATE $10008
INTERNATIONAL $30604
4 YEAR COST SAVINGS FOR US RESIDENTS
$82384
UNIVERSITY OF TEXASTOTAL STUDENT ENROLLMENT
50950INTERNATIONAL STUDENTENROLLMENT
6404 OR 125
TUITION amp FEES PER YEARIN-STATE $9806
INTERNATIONAL $34676
4 YEAR COST SAVINGS FOR US RESIDENTS
$99480
INTERNATIONAL STUDENTS COULD FACE HIGHER TUITION RATES WHILE ATTENDING US UNIVERSITIES
POTENTIAL TUITION SAVINGS OVER 4 YEARS FOR IN-STATE RESIDENTS
UNIVERSITY OF FLORIDA
UCLA
TOTAL STUDENT ENROLLMENT
52286INTERNATIONAL STUDENTENROLLMENT
7107 OR 135
TOTAL STUDENT ENROLLMENT
44947INTERNATIONAL STUDENTENROLLMENT
4805
TUITION amp FEES PER YEARIN-STATE $6380
INTERNATIONAL $30130
4 YEAR COST SAVINGS FOR US RESIDENTS
$95000
TUITION amp FEES PER YEARIN-STATE $26164
INTERNATIONAL $49042
4 YEAR COST SAVINGS FOR US RESIDENTS
$91512
1312
I will end forever the use of the H-1B as a cheap labor program and institute an absolute requirement to hire American workers for every visa and immigration program No exceptions
ndash Donald TrumpMarch 6 2016
THE PRESENCE OF OVER 1 MILLION INTERNATIONAL STUDENTS ON US CAMPUSES HAS LED TO INCREASED COMPETITION FOR THE 85000 H-1B VISAS ISSUED EACH YEAR
THE H-1B EMPLOYER-SPONSORED VISA IS NO LONGER A DEPENDABLE OPTION
While H-1B Visa Applications Have Averaged Over
211000 Since 2014 The Number of Available H-1B
Visas Remains Fixed at 85000 Per Year
Increase in H-1B Visa Applications
1735K
2330K 2360K
1990K
2014 2015 2016 2017
Read More
ldquo ldquo
bull Employees working on an H-1B visa face significant challenges includingbull Limited career mobilityadvancement based on need to remain with sponsor
company
bull Lower annual compensation than US green card holders (average 20-25 less)
bull Forgone entrepreneurial and start-up opportunities
bull Certain nationalities (eg India amp China) face longer waiting times than othernationalities due to priority dates (for example an Indian on an H-1B will need towait at least 10 years before finally obtaining green card
bull General lifecareer uncertainty
bull With a US Green Card through the EB-5 program employment opportunitiesare unlimited
14 1514
NTERNATIONAL STUDENTS FACE FOUR SIGNIFICANT ROADBLOCKS PURSUING PROFESSIONAL AND ENTREPRENEURIAL CAREERS IN THE US
Roadblock 1 H-1B Lottery
USCIS conducts an annual lottery randomly determining which cases will be adjudicatedbull Only 85000 visas available bull 200000 student applicants each year
Roadblock 2 Recent Adjudication Trends
bull Selection in the annual lottery does not mean an approvalbull Since 2017 USCIS has heightened scrutiny of each H-1B petitionbull RFEs up by 45+
Roadblock 3 H-1B Limitations
bull Restricted career mobility (H-1B holder is restricted to the same company and in the same position and thus cannot be promoted or move to a new company without a new H-1B visa)
bull Maximum of six years duration
Roadblock 4 Permanent Residence Backlogs
bull Long wait for US Green Card (especially India and China)bull EB-1 (Extraordinary Ability) 6 year backlogbull EB-2 (Masters Degree) 10 year backlogbull EB-3 (Bachelors Degree) Over 10 year backlog
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
1716
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
EB-5 INVESTOR MARKETPLACE IS RAPIDLY SHIFTING FROM CHINA TO EMERGING MARKETS
US immigration laws contain a country quota system which stipulates that no single countryrsquos citizens can claim more than 7 percent of the total EB-5 visas in a year as long as any other country wants them
~ In 2014 the EB5 program hit its annual quota of 10000 visas for the very first time
Due to historical strong demand from EB5 investors from mainland China new Chinese investors currently face extraordinarily long waiting periods before they can secure their conditional green card
~ A Chinese investor filing this year must wait approximately 15 years from the time of their investment to when they obtain their conditional green card to move to the US
The EB-5 program has experienced explosive growth since 2009 due to the its long-established guidelines and high individual approval rates Between 2010 and 2017 EB-5 capital expanded from a base of $975 million to over $6 billion per year
$20+ BILLION OF EB-5 CAPITAL OVER THE LAST 3 YEARS
1Source USCIS
LCRs EB-5 investors are sourced primarily from the countries highlighted in blue above
Number of New EB5 Investors By Fiscal Year1
1953
3805
6041 6346
10923
14373 14147
12165
2010 2011 2012 2013 2014 2015 2016 2017
Total EB-5 Visas Issued [FY 2017]
China 7755
Brazil 282
Mexico 85India 174
UK 82
South Africa 53
South Korea 195
Vietnam 471
Russia115France
35
Colombia 21Nigeria
89
Venezuela 108
Canada 55
Argentina 13
6 7
KEY EB-5 REQUIREMENTSThere are 5 key requirements that must be satisfied for an investor to successfully participate in the EB-5 investor visa program
EB-5 Investor Responsibility
MINIMUM CAPITAL
REQUIREMENT$500000 upfront investment in a new commercial enterprise
BACKGROUND CHECK
This includes proof that the investor (and if applicable their spouse and any unmarried children under the age of 21) is not a convicted criminal has no history of financial fraud and has not previously violated US immigration laws
LEGALLY SOURCED
INVESTMENT
Investor must clearly document that the required funds are from a lawful source Acceptable options include Gifts from family members Accumulation of IncomeSavings EarningsDividends from business Profits made from sale of real estate property Loans properly collateralized
LCRs Responsibility
NEW US JOBS
REQUIREMENT
At the I-526 application stage LCR presents EB5 compliant project documentation including PPM business plan and econometric report
At the I-829 application stage LCR presents proof that at least ten full-time American jobs were created for each of the projects EB5 investors
LCRs current EB5 project was initially partially funded with bridge construction financing Per USCIS guidelines a project may begin construction funded by bridge financing and then later may replace it with capital raised from new EB-5 investors The projectrsquos EB-5 investors will thus receive full credit towards their EB-5 job creation requirements
rdquoAT RISKrdquo INVESTMENT
Per US law the EB-5 investor cannot be offered any guaranteed return on or of capital nor possess any redemption rights on invested capital
The investment must be ldquoat riskrdquo (ie fully invested in the project) throughout the adjudication of the investorrsquos I-829 petition
1
2
3
4
5
EB-5 PROCESS amp TIMELINE
30 days 8 to 22 months 3 to 9 months 24 months 20 monthsPrivate consultation with LCR including complimentary Source of Funds (SOF) assessment
LCR refers experienced US immigration firm to begin SOF analysis
Select immigration firm and complete new client forms and subscription documents
Deposit $500000 and Administration Fee into the US project escrow account
Submit I-526 petition to USCIS
Track funds throughout project life cycle via your personal account at NES Financial
Monitor project via LCRs quarterly project updates
Upon I-526 petition approval file for adjustment of status (if you already live in the US] or file for an immigrant visa [if you live outside the US)
I-526 Approval Rates 924 (FY2017)
Must Visit The United States At Least Once Every 6 Months
Apply for optional 2-Year Reentry Permit and reduce the need to travel to the US as frequently
Submit I-829 petition to remove conditions on your US green card
I-829 Approval Rates 961 (FY2017)
This timeline is for general informational purposes only The actual time required to complete the EB-5 immigration process will vary based on the investmentselected each individualrsquos case USCIS processing times and other factors
9
RISKS OF NOT OBTAINING A US GREEN CARD
CONDITIONAL 2 YEAR GREEN CARD PERMANENT GREEN CARD
KEY CRITERIA LCRs CURRENT EB-5 PROJECT KEY CRITERIA LCRs CURRENT EB-5
PROJECT
IS PROJECT DOCUMENTATION EB5 COMPLIANT
Yes USCIS Approval Received In April 2018
DID THE PROJECT CREATE ENOUGH JOBS FOR ALL ITS INVESTORS
Yes 8000 Jobs Have Already Been Created (For 200 EB-5 Investors)
DOES THE EB-5 INVESTOR MEET 3 KEY REQUIREMENTS
LCR Will Only Accept Investors Who Meet USCIS Standards
DID THE EB-5 INVESTOR MEET US RESIDENCY REQUIREMENTS
Must Visit The United States At Least Twice Per Year
IF I-526 PETITION IS DENIED LCR WILL REFUND THE $500K INVESTMENT
ldquoThis Could Be the Quickest Way to Get a Green Cardrdquo (May 2016)
MUTUAL EVALUATION
PROCESS
I-526 PETITION REVIEW
OBTAIN CONDITIONAL US GREEN
CARD
CONDITIONAL US RESIDENCY
PERIOD
I-829 PETITION REVIEW
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
8
APPLICATIONS TO TOP TIER US UNIVERSITIES SURGE TO RECORD HIGHS
Given the overwhelming surge in applications from international students the competition for acceptance
into American universities is fiercer than ever
University Foreign Student US Green Card Holder
01 45
01 45
06 48
10 69
12 112
12 83
15 93
29 84
88 175
130 160
Sources University admissions websites and admissions officers
IT HAS NEVER BEEN AS HARD AS IT IS TODAY TO GET INTO TOP US COLLEGES AND UNIVERSITIES
University Increase in Number of Applications From 2012 to 2018
1668
2467
2488
3014
3559
3703
4590
4749
5648
6668
TOTAL 3887
INTERNATIONAL STUDENTS ACCEPTANCE RATES IMPROVEMENT RANGE FROM 20 TO 40X+
1110
UC BERKELEY
GEORGIA TECH
TOTAL STUDENT ENROLLMENT
37581INTERNATIONAL STUDENTENROLLMENT
5951 OR 16
TOTAL STUDENT ENROLLMENT
20034INTERNATIONAL STUDENTENROLLMENT
3000
TUITION amp FEES PER YEARIN-STATE $16120
INTERNATIONAL $42802
4 YEAR COST SAVINGS FOR US RESIDENTS
$106728
TUITION amp FEES PER YEARIN-STATE $10008
INTERNATIONAL $30604
4 YEAR COST SAVINGS FOR US RESIDENTS
$82384
UNIVERSITY OF TEXASTOTAL STUDENT ENROLLMENT
50950INTERNATIONAL STUDENTENROLLMENT
6404 OR 125
TUITION amp FEES PER YEARIN-STATE $9806
INTERNATIONAL $34676
4 YEAR COST SAVINGS FOR US RESIDENTS
$99480
INTERNATIONAL STUDENTS COULD FACE HIGHER TUITION RATES WHILE ATTENDING US UNIVERSITIES
POTENTIAL TUITION SAVINGS OVER 4 YEARS FOR IN-STATE RESIDENTS
UNIVERSITY OF FLORIDA
UCLA
TOTAL STUDENT ENROLLMENT
52286INTERNATIONAL STUDENTENROLLMENT
7107 OR 135
TOTAL STUDENT ENROLLMENT
44947INTERNATIONAL STUDENTENROLLMENT
4805
TUITION amp FEES PER YEARIN-STATE $6380
INTERNATIONAL $30130
4 YEAR COST SAVINGS FOR US RESIDENTS
$95000
TUITION amp FEES PER YEARIN-STATE $26164
INTERNATIONAL $49042
4 YEAR COST SAVINGS FOR US RESIDENTS
$91512
1312
I will end forever the use of the H-1B as a cheap labor program and institute an absolute requirement to hire American workers for every visa and immigration program No exceptions
ndash Donald TrumpMarch 6 2016
THE PRESENCE OF OVER 1 MILLION INTERNATIONAL STUDENTS ON US CAMPUSES HAS LED TO INCREASED COMPETITION FOR THE 85000 H-1B VISAS ISSUED EACH YEAR
THE H-1B EMPLOYER-SPONSORED VISA IS NO LONGER A DEPENDABLE OPTION
While H-1B Visa Applications Have Averaged Over
211000 Since 2014 The Number of Available H-1B
Visas Remains Fixed at 85000 Per Year
Increase in H-1B Visa Applications
1735K
2330K 2360K
1990K
2014 2015 2016 2017
Read More
ldquo ldquo
bull Employees working on an H-1B visa face significant challenges includingbull Limited career mobilityadvancement based on need to remain with sponsor
company
bull Lower annual compensation than US green card holders (average 20-25 less)
bull Forgone entrepreneurial and start-up opportunities
bull Certain nationalities (eg India amp China) face longer waiting times than othernationalities due to priority dates (for example an Indian on an H-1B will need towait at least 10 years before finally obtaining green card
bull General lifecareer uncertainty
bull With a US Green Card through the EB-5 program employment opportunitiesare unlimited
14 1514
NTERNATIONAL STUDENTS FACE FOUR SIGNIFICANT ROADBLOCKS PURSUING PROFESSIONAL AND ENTREPRENEURIAL CAREERS IN THE US
Roadblock 1 H-1B Lottery
USCIS conducts an annual lottery randomly determining which cases will be adjudicatedbull Only 85000 visas available bull 200000 student applicants each year
Roadblock 2 Recent Adjudication Trends
bull Selection in the annual lottery does not mean an approvalbull Since 2017 USCIS has heightened scrutiny of each H-1B petitionbull RFEs up by 45+
Roadblock 3 H-1B Limitations
bull Restricted career mobility (H-1B holder is restricted to the same company and in the same position and thus cannot be promoted or move to a new company without a new H-1B visa)
bull Maximum of six years duration
Roadblock 4 Permanent Residence Backlogs
bull Long wait for US Green Card (especially India and China)bull EB-1 (Extraordinary Ability) 6 year backlogbull EB-2 (Masters Degree) 10 year backlogbull EB-3 (Bachelors Degree) Over 10 year backlog
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
1716
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
KEY EB-5 REQUIREMENTSThere are 5 key requirements that must be satisfied for an investor to successfully participate in the EB-5 investor visa program
EB-5 Investor Responsibility
MINIMUM CAPITAL
REQUIREMENT$500000 upfront investment in a new commercial enterprise
BACKGROUND CHECK
This includes proof that the investor (and if applicable their spouse and any unmarried children under the age of 21) is not a convicted criminal has no history of financial fraud and has not previously violated US immigration laws
LEGALLY SOURCED
INVESTMENT
Investor must clearly document that the required funds are from a lawful source Acceptable options include Gifts from family members Accumulation of IncomeSavings EarningsDividends from business Profits made from sale of real estate property Loans properly collateralized
LCRs Responsibility
NEW US JOBS
REQUIREMENT
At the I-526 application stage LCR presents EB5 compliant project documentation including PPM business plan and econometric report
At the I-829 application stage LCR presents proof that at least ten full-time American jobs were created for each of the projects EB5 investors
LCRs current EB5 project was initially partially funded with bridge construction financing Per USCIS guidelines a project may begin construction funded by bridge financing and then later may replace it with capital raised from new EB-5 investors The projectrsquos EB-5 investors will thus receive full credit towards their EB-5 job creation requirements
rdquoAT RISKrdquo INVESTMENT
Per US law the EB-5 investor cannot be offered any guaranteed return on or of capital nor possess any redemption rights on invested capital
The investment must be ldquoat riskrdquo (ie fully invested in the project) throughout the adjudication of the investorrsquos I-829 petition
1
2
3
4
5
EB-5 PROCESS amp TIMELINE
30 days 8 to 22 months 3 to 9 months 24 months 20 monthsPrivate consultation with LCR including complimentary Source of Funds (SOF) assessment
LCR refers experienced US immigration firm to begin SOF analysis
Select immigration firm and complete new client forms and subscription documents
Deposit $500000 and Administration Fee into the US project escrow account
Submit I-526 petition to USCIS
Track funds throughout project life cycle via your personal account at NES Financial
Monitor project via LCRs quarterly project updates
Upon I-526 petition approval file for adjustment of status (if you already live in the US] or file for an immigrant visa [if you live outside the US)
I-526 Approval Rates 924 (FY2017)
Must Visit The United States At Least Once Every 6 Months
Apply for optional 2-Year Reentry Permit and reduce the need to travel to the US as frequently
Submit I-829 petition to remove conditions on your US green card
I-829 Approval Rates 961 (FY2017)
This timeline is for general informational purposes only The actual time required to complete the EB-5 immigration process will vary based on the investmentselected each individualrsquos case USCIS processing times and other factors
9
RISKS OF NOT OBTAINING A US GREEN CARD
CONDITIONAL 2 YEAR GREEN CARD PERMANENT GREEN CARD
KEY CRITERIA LCRs CURRENT EB-5 PROJECT KEY CRITERIA LCRs CURRENT EB-5
PROJECT
IS PROJECT DOCUMENTATION EB5 COMPLIANT
Yes USCIS Approval Received In April 2018
DID THE PROJECT CREATE ENOUGH JOBS FOR ALL ITS INVESTORS
Yes 8000 Jobs Have Already Been Created (For 200 EB-5 Investors)
DOES THE EB-5 INVESTOR MEET 3 KEY REQUIREMENTS
LCR Will Only Accept Investors Who Meet USCIS Standards
DID THE EB-5 INVESTOR MEET US RESIDENCY REQUIREMENTS
Must Visit The United States At Least Twice Per Year
IF I-526 PETITION IS DENIED LCR WILL REFUND THE $500K INVESTMENT
ldquoThis Could Be the Quickest Way to Get a Green Cardrdquo (May 2016)
MUTUAL EVALUATION
PROCESS
I-526 PETITION REVIEW
OBTAIN CONDITIONAL US GREEN
CARD
CONDITIONAL US RESIDENCY
PERIOD
I-829 PETITION REVIEW
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
8
APPLICATIONS TO TOP TIER US UNIVERSITIES SURGE TO RECORD HIGHS
Given the overwhelming surge in applications from international students the competition for acceptance
into American universities is fiercer than ever
University Foreign Student US Green Card Holder
01 45
01 45
06 48
10 69
12 112
12 83
15 93
29 84
88 175
130 160
Sources University admissions websites and admissions officers
IT HAS NEVER BEEN AS HARD AS IT IS TODAY TO GET INTO TOP US COLLEGES AND UNIVERSITIES
University Increase in Number of Applications From 2012 to 2018
1668
2467
2488
3014
3559
3703
4590
4749
5648
6668
TOTAL 3887
INTERNATIONAL STUDENTS ACCEPTANCE RATES IMPROVEMENT RANGE FROM 20 TO 40X+
1110
UC BERKELEY
GEORGIA TECH
TOTAL STUDENT ENROLLMENT
37581INTERNATIONAL STUDENTENROLLMENT
5951 OR 16
TOTAL STUDENT ENROLLMENT
20034INTERNATIONAL STUDENTENROLLMENT
3000
TUITION amp FEES PER YEARIN-STATE $16120
INTERNATIONAL $42802
4 YEAR COST SAVINGS FOR US RESIDENTS
$106728
TUITION amp FEES PER YEARIN-STATE $10008
INTERNATIONAL $30604
4 YEAR COST SAVINGS FOR US RESIDENTS
$82384
UNIVERSITY OF TEXASTOTAL STUDENT ENROLLMENT
50950INTERNATIONAL STUDENTENROLLMENT
6404 OR 125
TUITION amp FEES PER YEARIN-STATE $9806
INTERNATIONAL $34676
4 YEAR COST SAVINGS FOR US RESIDENTS
$99480
INTERNATIONAL STUDENTS COULD FACE HIGHER TUITION RATES WHILE ATTENDING US UNIVERSITIES
POTENTIAL TUITION SAVINGS OVER 4 YEARS FOR IN-STATE RESIDENTS
UNIVERSITY OF FLORIDA
UCLA
TOTAL STUDENT ENROLLMENT
52286INTERNATIONAL STUDENTENROLLMENT
7107 OR 135
TOTAL STUDENT ENROLLMENT
44947INTERNATIONAL STUDENTENROLLMENT
4805
TUITION amp FEES PER YEARIN-STATE $6380
INTERNATIONAL $30130
4 YEAR COST SAVINGS FOR US RESIDENTS
$95000
TUITION amp FEES PER YEARIN-STATE $26164
INTERNATIONAL $49042
4 YEAR COST SAVINGS FOR US RESIDENTS
$91512
1312
I will end forever the use of the H-1B as a cheap labor program and institute an absolute requirement to hire American workers for every visa and immigration program No exceptions
ndash Donald TrumpMarch 6 2016
THE PRESENCE OF OVER 1 MILLION INTERNATIONAL STUDENTS ON US CAMPUSES HAS LED TO INCREASED COMPETITION FOR THE 85000 H-1B VISAS ISSUED EACH YEAR
THE H-1B EMPLOYER-SPONSORED VISA IS NO LONGER A DEPENDABLE OPTION
While H-1B Visa Applications Have Averaged Over
211000 Since 2014 The Number of Available H-1B
Visas Remains Fixed at 85000 Per Year
Increase in H-1B Visa Applications
1735K
2330K 2360K
1990K
2014 2015 2016 2017
Read More
ldquo ldquo
bull Employees working on an H-1B visa face significant challenges includingbull Limited career mobilityadvancement based on need to remain with sponsor
company
bull Lower annual compensation than US green card holders (average 20-25 less)
bull Forgone entrepreneurial and start-up opportunities
bull Certain nationalities (eg India amp China) face longer waiting times than othernationalities due to priority dates (for example an Indian on an H-1B will need towait at least 10 years before finally obtaining green card
bull General lifecareer uncertainty
bull With a US Green Card through the EB-5 program employment opportunitiesare unlimited
14 1514
NTERNATIONAL STUDENTS FACE FOUR SIGNIFICANT ROADBLOCKS PURSUING PROFESSIONAL AND ENTREPRENEURIAL CAREERS IN THE US
Roadblock 1 H-1B Lottery
USCIS conducts an annual lottery randomly determining which cases will be adjudicatedbull Only 85000 visas available bull 200000 student applicants each year
Roadblock 2 Recent Adjudication Trends
bull Selection in the annual lottery does not mean an approvalbull Since 2017 USCIS has heightened scrutiny of each H-1B petitionbull RFEs up by 45+
Roadblock 3 H-1B Limitations
bull Restricted career mobility (H-1B holder is restricted to the same company and in the same position and thus cannot be promoted or move to a new company without a new H-1B visa)
bull Maximum of six years duration
Roadblock 4 Permanent Residence Backlogs
bull Long wait for US Green Card (especially India and China)bull EB-1 (Extraordinary Ability) 6 year backlogbull EB-2 (Masters Degree) 10 year backlogbull EB-3 (Bachelors Degree) Over 10 year backlog
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
1716
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
APPLICATIONS TO TOP TIER US UNIVERSITIES SURGE TO RECORD HIGHS
Given the overwhelming surge in applications from international students the competition for acceptance
into American universities is fiercer than ever
University Foreign Student US Green Card Holder
01 45
01 45
06 48
10 69
12 112
12 83
15 93
29 84
88 175
130 160
Sources University admissions websites and admissions officers
IT HAS NEVER BEEN AS HARD AS IT IS TODAY TO GET INTO TOP US COLLEGES AND UNIVERSITIES
University Increase in Number of Applications From 2012 to 2018
1668
2467
2488
3014
3559
3703
4590
4749
5648
6668
TOTAL 3887
INTERNATIONAL STUDENTS ACCEPTANCE RATES IMPROVEMENT RANGE FROM 20 TO 40X+
1110
UC BERKELEY
GEORGIA TECH
TOTAL STUDENT ENROLLMENT
37581INTERNATIONAL STUDENTENROLLMENT
5951 OR 16
TOTAL STUDENT ENROLLMENT
20034INTERNATIONAL STUDENTENROLLMENT
3000
TUITION amp FEES PER YEARIN-STATE $16120
INTERNATIONAL $42802
4 YEAR COST SAVINGS FOR US RESIDENTS
$106728
TUITION amp FEES PER YEARIN-STATE $10008
INTERNATIONAL $30604
4 YEAR COST SAVINGS FOR US RESIDENTS
$82384
UNIVERSITY OF TEXASTOTAL STUDENT ENROLLMENT
50950INTERNATIONAL STUDENTENROLLMENT
6404 OR 125
TUITION amp FEES PER YEARIN-STATE $9806
INTERNATIONAL $34676
4 YEAR COST SAVINGS FOR US RESIDENTS
$99480
INTERNATIONAL STUDENTS COULD FACE HIGHER TUITION RATES WHILE ATTENDING US UNIVERSITIES
POTENTIAL TUITION SAVINGS OVER 4 YEARS FOR IN-STATE RESIDENTS
UNIVERSITY OF FLORIDA
UCLA
TOTAL STUDENT ENROLLMENT
52286INTERNATIONAL STUDENTENROLLMENT
7107 OR 135
TOTAL STUDENT ENROLLMENT
44947INTERNATIONAL STUDENTENROLLMENT
4805
TUITION amp FEES PER YEARIN-STATE $6380
INTERNATIONAL $30130
4 YEAR COST SAVINGS FOR US RESIDENTS
$95000
TUITION amp FEES PER YEARIN-STATE $26164
INTERNATIONAL $49042
4 YEAR COST SAVINGS FOR US RESIDENTS
$91512
1312
I will end forever the use of the H-1B as a cheap labor program and institute an absolute requirement to hire American workers for every visa and immigration program No exceptions
ndash Donald TrumpMarch 6 2016
THE PRESENCE OF OVER 1 MILLION INTERNATIONAL STUDENTS ON US CAMPUSES HAS LED TO INCREASED COMPETITION FOR THE 85000 H-1B VISAS ISSUED EACH YEAR
THE H-1B EMPLOYER-SPONSORED VISA IS NO LONGER A DEPENDABLE OPTION
While H-1B Visa Applications Have Averaged Over
211000 Since 2014 The Number of Available H-1B
Visas Remains Fixed at 85000 Per Year
Increase in H-1B Visa Applications
1735K
2330K 2360K
1990K
2014 2015 2016 2017
Read More
ldquo ldquo
bull Employees working on an H-1B visa face significant challenges includingbull Limited career mobilityadvancement based on need to remain with sponsor
company
bull Lower annual compensation than US green card holders (average 20-25 less)
bull Forgone entrepreneurial and start-up opportunities
bull Certain nationalities (eg India amp China) face longer waiting times than othernationalities due to priority dates (for example an Indian on an H-1B will need towait at least 10 years before finally obtaining green card
bull General lifecareer uncertainty
bull With a US Green Card through the EB-5 program employment opportunitiesare unlimited
14 1514
NTERNATIONAL STUDENTS FACE FOUR SIGNIFICANT ROADBLOCKS PURSUING PROFESSIONAL AND ENTREPRENEURIAL CAREERS IN THE US
Roadblock 1 H-1B Lottery
USCIS conducts an annual lottery randomly determining which cases will be adjudicatedbull Only 85000 visas available bull 200000 student applicants each year
Roadblock 2 Recent Adjudication Trends
bull Selection in the annual lottery does not mean an approvalbull Since 2017 USCIS has heightened scrutiny of each H-1B petitionbull RFEs up by 45+
Roadblock 3 H-1B Limitations
bull Restricted career mobility (H-1B holder is restricted to the same company and in the same position and thus cannot be promoted or move to a new company without a new H-1B visa)
bull Maximum of six years duration
Roadblock 4 Permanent Residence Backlogs
bull Long wait for US Green Card (especially India and China)bull EB-1 (Extraordinary Ability) 6 year backlogbull EB-2 (Masters Degree) 10 year backlogbull EB-3 (Bachelors Degree) Over 10 year backlog
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
1716
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
UC BERKELEY
GEORGIA TECH
TOTAL STUDENT ENROLLMENT
37581INTERNATIONAL STUDENTENROLLMENT
5951 OR 16
TOTAL STUDENT ENROLLMENT
20034INTERNATIONAL STUDENTENROLLMENT
3000
TUITION amp FEES PER YEARIN-STATE $16120
INTERNATIONAL $42802
4 YEAR COST SAVINGS FOR US RESIDENTS
$106728
TUITION amp FEES PER YEARIN-STATE $10008
INTERNATIONAL $30604
4 YEAR COST SAVINGS FOR US RESIDENTS
$82384
UNIVERSITY OF TEXASTOTAL STUDENT ENROLLMENT
50950INTERNATIONAL STUDENTENROLLMENT
6404 OR 125
TUITION amp FEES PER YEARIN-STATE $9806
INTERNATIONAL $34676
4 YEAR COST SAVINGS FOR US RESIDENTS
$99480
INTERNATIONAL STUDENTS COULD FACE HIGHER TUITION RATES WHILE ATTENDING US UNIVERSITIES
POTENTIAL TUITION SAVINGS OVER 4 YEARS FOR IN-STATE RESIDENTS
UNIVERSITY OF FLORIDA
UCLA
TOTAL STUDENT ENROLLMENT
52286INTERNATIONAL STUDENTENROLLMENT
7107 OR 135
TOTAL STUDENT ENROLLMENT
44947INTERNATIONAL STUDENTENROLLMENT
4805
TUITION amp FEES PER YEARIN-STATE $6380
INTERNATIONAL $30130
4 YEAR COST SAVINGS FOR US RESIDENTS
$95000
TUITION amp FEES PER YEARIN-STATE $26164
INTERNATIONAL $49042
4 YEAR COST SAVINGS FOR US RESIDENTS
$91512
1312
I will end forever the use of the H-1B as a cheap labor program and institute an absolute requirement to hire American workers for every visa and immigration program No exceptions
ndash Donald TrumpMarch 6 2016
THE PRESENCE OF OVER 1 MILLION INTERNATIONAL STUDENTS ON US CAMPUSES HAS LED TO INCREASED COMPETITION FOR THE 85000 H-1B VISAS ISSUED EACH YEAR
THE H-1B EMPLOYER-SPONSORED VISA IS NO LONGER A DEPENDABLE OPTION
While H-1B Visa Applications Have Averaged Over
211000 Since 2014 The Number of Available H-1B
Visas Remains Fixed at 85000 Per Year
Increase in H-1B Visa Applications
1735K
2330K 2360K
1990K
2014 2015 2016 2017
Read More
ldquo ldquo
bull Employees working on an H-1B visa face significant challenges includingbull Limited career mobilityadvancement based on need to remain with sponsor
company
bull Lower annual compensation than US green card holders (average 20-25 less)
bull Forgone entrepreneurial and start-up opportunities
bull Certain nationalities (eg India amp China) face longer waiting times than othernationalities due to priority dates (for example an Indian on an H-1B will need towait at least 10 years before finally obtaining green card
bull General lifecareer uncertainty
bull With a US Green Card through the EB-5 program employment opportunitiesare unlimited
14 1514
NTERNATIONAL STUDENTS FACE FOUR SIGNIFICANT ROADBLOCKS PURSUING PROFESSIONAL AND ENTREPRENEURIAL CAREERS IN THE US
Roadblock 1 H-1B Lottery
USCIS conducts an annual lottery randomly determining which cases will be adjudicatedbull Only 85000 visas available bull 200000 student applicants each year
Roadblock 2 Recent Adjudication Trends
bull Selection in the annual lottery does not mean an approvalbull Since 2017 USCIS has heightened scrutiny of each H-1B petitionbull RFEs up by 45+
Roadblock 3 H-1B Limitations
bull Restricted career mobility (H-1B holder is restricted to the same company and in the same position and thus cannot be promoted or move to a new company without a new H-1B visa)
bull Maximum of six years duration
Roadblock 4 Permanent Residence Backlogs
bull Long wait for US Green Card (especially India and China)bull EB-1 (Extraordinary Ability) 6 year backlogbull EB-2 (Masters Degree) 10 year backlogbull EB-3 (Bachelors Degree) Over 10 year backlog
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
1716
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
I will end forever the use of the H-1B as a cheap labor program and institute an absolute requirement to hire American workers for every visa and immigration program No exceptions
ndash Donald TrumpMarch 6 2016
THE PRESENCE OF OVER 1 MILLION INTERNATIONAL STUDENTS ON US CAMPUSES HAS LED TO INCREASED COMPETITION FOR THE 85000 H-1B VISAS ISSUED EACH YEAR
THE H-1B EMPLOYER-SPONSORED VISA IS NO LONGER A DEPENDABLE OPTION
While H-1B Visa Applications Have Averaged Over
211000 Since 2014 The Number of Available H-1B
Visas Remains Fixed at 85000 Per Year
Increase in H-1B Visa Applications
1735K
2330K 2360K
1990K
2014 2015 2016 2017
Read More
ldquo ldquo
bull Employees working on an H-1B visa face significant challenges includingbull Limited career mobilityadvancement based on need to remain with sponsor
company
bull Lower annual compensation than US green card holders (average 20-25 less)
bull Forgone entrepreneurial and start-up opportunities
bull Certain nationalities (eg India amp China) face longer waiting times than othernationalities due to priority dates (for example an Indian on an H-1B will need towait at least 10 years before finally obtaining green card
bull General lifecareer uncertainty
bull With a US Green Card through the EB-5 program employment opportunitiesare unlimited
14 1514
NTERNATIONAL STUDENTS FACE FOUR SIGNIFICANT ROADBLOCKS PURSUING PROFESSIONAL AND ENTREPRENEURIAL CAREERS IN THE US
Roadblock 1 H-1B Lottery
USCIS conducts an annual lottery randomly determining which cases will be adjudicatedbull Only 85000 visas available bull 200000 student applicants each year
Roadblock 2 Recent Adjudication Trends
bull Selection in the annual lottery does not mean an approvalbull Since 2017 USCIS has heightened scrutiny of each H-1B petitionbull RFEs up by 45+
Roadblock 3 H-1B Limitations
bull Restricted career mobility (H-1B holder is restricted to the same company and in the same position and thus cannot be promoted or move to a new company without a new H-1B visa)
bull Maximum of six years duration
Roadblock 4 Permanent Residence Backlogs
bull Long wait for US Green Card (especially India and China)bull EB-1 (Extraordinary Ability) 6 year backlogbull EB-2 (Masters Degree) 10 year backlogbull EB-3 (Bachelors Degree) Over 10 year backlog
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
1716
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
NTERNATIONAL STUDENTS FACE FOUR SIGNIFICANT ROADBLOCKS PURSUING PROFESSIONAL AND ENTREPRENEURIAL CAREERS IN THE US
Roadblock 1 H-1B Lottery
USCIS conducts an annual lottery randomly determining which cases will be adjudicatedbull Only 85000 visas available bull 200000 student applicants each year
Roadblock 2 Recent Adjudication Trends
bull Selection in the annual lottery does not mean an approvalbull Since 2017 USCIS has heightened scrutiny of each H-1B petitionbull RFEs up by 45+
Roadblock 3 H-1B Limitations
bull Restricted career mobility (H-1B holder is restricted to the same company and in the same position and thus cannot be promoted or move to a new company without a new H-1B visa)
bull Maximum of six years duration
Roadblock 4 Permanent Residence Backlogs
bull Long wait for US Green Card (especially India and China)bull EB-1 (Extraordinary Ability) 6 year backlogbull EB-2 (Masters Degree) 10 year backlogbull EB-3 (Bachelors Degree) Over 10 year backlog
ldquoThe EB-5 programis the only visa for which approval numbers have increased during the Trump presidencyrdquo
mdash Los Angeles Times (September 21st 2018)
1716
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
No Special Skills
Required
No specialized skills required no travel or age restrictions
and no language skills requirement
Scholarships
As a US green card holder students may qualify for merit-based scholarships
and awards reserved only for US residents
and citizens
OTHER KEY BENEFITS OF OBTAINING PERMANENT US RESIDENCY
Residency
Safety Valve
Back-up plan in situations of political instability or crisis
Potential Path to
US Citizenship
EB-5 green card holders can apply for US citizenship at the five year anniversary of receipt of their conditional
resident status
No Expiration Date
Once issued a US green card cannot expire for any EB-5 investor and
their children so long as the holders meet applicable
renewal requirements
Hedge Local
Currency
Depreciation
Use US dollar-denominated EB-5 investment as
depreciation hedge against local currency
Lower Financing
Costs
As a US green card holder students may benefit from obtaining student loans at
much lower rates
18 19
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
1 LCR works with several of the most experienced EB-5 immigration firms in the US The fees shown above are representative in nature and may vary depending on multiple factors including number of dependents included in the I-526 petition structuredifficulty of the source of funds analysis etc2 LCR investors receive an annual preferred return of 025
Total Investment CostsFees
Timeline Application I-526 Approval I-829 Approval Sub-totals
USCIS I-526 Filing Fee ($3675)
I-485 Filing Fee ($1140)
I-829 Filing Fee ($3750)
($8565)
Immigration Attorney1 ($15000) ($2500) ($5000) ($22500)
LCR Capital Administration Fee($50000)
($50000)
EB-5 Investment
EB-5 Investment ($500000)
$500000 $0
Preferred Return2 $6250sup3
Step Sub-totals ($568675) ($3640) $491250
Total cost for permanent US residency after return of investors $500000 capital and $6250 preferred return on investment ($74815)
REPRESENTATIVE ECONOMICS FOR AN EB-5 INVESTOR
2018 HAS BEEN A DIFFICULT YEAR FOR EMERGING MARKET CURRENCIESDue to the depreciation of local currencies in Brazil India and South Africa the total cost of an EB5 investment (including Admin Fee) has increased significantly since the beginning of the year
$74KUSD
$112KUSD
$157KUSD
13
20
28
Increase of
Increase of
Increase of
Since Jan 1 2018 Cost of EB5 (in USD Terms)
Has Increased Due To Strengthening of US Dollar
Note Increase in USD based on local exchange rates as of Friday September 14th 2018 in Brazil (417 ReaisUSD) India (7211 RupeesUSD) and South Africa (1493 RandUSD)
By selecting LCRs USCIS-approved EB5 project qualified investors can help ensure participation at a lower investment amount as well as avoid
currency depreciation risk (see page 21)
2120
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
FIRM
OVE
RVIE
W LCR IS THE MARKET LEADER IN EMERGING EB-5 MARKETS Founded by first-generation US immigrants who met at and graduated from Harvard Business School in 1997 LCR Capital Partners is a global private investment firm that deploys growth capital in signature real estate and hospitality projects as well as the well-established US franchise industry
LCR pools its investors capital into premier brand-specific investment vehicles (eg Four Seasons Hotels) typically through 5-year loans The firm believes that strong hospitality and franchise brands are ideally suited for its EB-5 investors and is committed to providing UHNW investors with best-in-class and institutional quality investment projects focused on strong job creation and principal protection
As a firm with many first-generation immigrant partners and employees LCR has taken a client-centered approach to designating its EB-5 investment funds LCRrsquos products meet the needs of and mitigate the risks to our investors
2012
Year Established
9 72014
Harvard Alumssup2
Offices Worldwide
Enter EB-5 Industrysup1
471
UHNW Clients
lt5 727 Countries
Chinese Clients
EB-5 Projects
EB-5 Clients
GLOBAL PARTNER-OWNED FIRM
ldquoWe are a firm founded by immigrants with a mission of partnering with families to pursue the American Dream by investing In the American Workerrdquo
ndash Suresh Rajan LCR CEO
WESTPORT
MIAMI
SAtildeO PAULO
MUMBAI
CAPE TOWN
DUBAIHOUSTON
Founded in 2012 LCR is headquartered in Westport CT established regional offices in Miami FL (2014) Satildeo Paulo (2015) Mumbai and Cape Town (2016) Dubai and Houston (2018) and will be establishing an office in Washington DC later this year
LCR earned its first Regional Center license in 2014 and currently operates Regional Centers covering the following states New York New Jersey Connecticut Pennsylvania Florida and Georgia
sup1 LCR earned its first Regional Center license in May 2014sup2 9 Harvard MBAs serve on LCRs senior management team and advisory board22 23
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
LCR PARTNERS WITH INDUSTRY-LEADING FINANCIAL FIRMSLCR has established significant alliances with leading global and regional financial institutions including wealth management firms investment banks and global insurance firms
A PIONEER IN BUILDING NEW EB-5 MARKETS AROUND THE WORLD
Canada
Mexico
Guatemala Venezuela
Brazil
Argentina
South Africa
Mozambique
IndiaUnited Arab
Emirates
Portugal
China
Taiwan
Philippines
United Kingdom
Peru
Italy
France
Hong Kong China
Germany
Switzerland
Vietnam
Chile
Colombia
Israel
Singapore
Russia
MontenegroTurkey
Indonesia
471 EB5 clients served from
27 Countries
bull In April 2018 LCR Capital was nominated as the EB5 industrys New Market Champion
~ According to II-USA This award celebrates the people who are taking the charge and taking the risk to establish new markets for EB-5 investors
bull II-USA the top EB-5 industry association selected 5 Regional Centers for this distinguished award (out of over 900+ Regional Centers across US)
IIFL Wealth
Barclays
Centrum
Avendus Wealth
AmbitBRL Trust
Dr Asset Planning
Morgan Stanley
2524
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
EB-5 TRACK RECORD
AMERICAN OPPORTUNITY FRANCHISE FUNDS
Provide EB-5 financing as senior construction loans to Dunkinrsquo Donutsreg multi-unit operators to partially fund development of new stores across the US
$215 MILLION CLOSED 2017
Location Nationwide
FOUR SEASONS AT THE SURF CLUB
Provide EB-5 financing to develop a Richard Meier-designed hotel featuring 77 rooms and 150 luxury condominium units
ONEordm 15 BROOKLYN MARINA
Provide EB-5 financing for the construction of the first new marina built in the NYC harbor in over 50 years
$100 million OPEN
Location Miami Beach FL
$15 million OPEN
Location New York City NY
UNIVERSITY OF CONNECTICUT
Provide EB-5 financing to develop Class-A new student housing on campus
$75 million CLOSED 2018
Location Storrs CT
bull LCRrsquos rigorous project selection and underwriting processes ensure that we only partnerwith developers with long-standing track records of success and creditworthiness
bull Each LCR-sponsored project must meet our clients dual objectives (i) strong dependablejob creation and (ii) principal protection
2726
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
PROVEN GLOBAL LEADERSHIP TEAMLCR Senior Operating Committee
Suresh Rajan CEO amp Founder
Consultant at McKinsey amp Company Experienced QSR multi-unit owneroperator US Congressional Aide USC BA Harvard MBA 1997
Westport
Joseph Haggenmiller Co-President
Quantitative Hedge Fund Manager Equity Derivative Structuring at Credit Suisse and UBS Investment Banking at RBC Dain Rauscher Macalester College BA Harvard MBA 1997
Westport
Sherman Baldwin Co-President
Managing Director at Accenture Engagement Manager at McKinsey amp Co Naval Aviator US Navy Yale BA Harvard MBA 1997
Westport
Rogelio Caceres Co-Founder amp Chief Commercial Officer
3 time entrepreneur as founding executive head of sales Latin America Private Equity at EMP Global Investment Banking at Wasserstein Perella amp Co Michigan (Ann Arbor) BSE Harvard MBA 1997
Miami
LCR Executive Leadership Team
Scott Schweitzer Chief Financial Officer
Head Trader Chief Operating Officer at Fox Point Capital Prime Brokerage at Deutsche Bank United States Air Force UNC Chapel Hill BA Harvard MBA 2005
Westport
Gregory SweeneyCEO LCR Franchise Finance
Multiple senior level director positions at Praxair Inc [31 years] Six Sigma Trained Black Belt Indiana University BA Xavier University MBA 1985
Westport
Marc Sharpe Managing Director Strategic Projects
Investment Management at Goldman Sachs amp Co Investment Banking at Wasserstein Perella amp Co Cambridge MA Oxford MSc Harvard MBA 1998
Houston
Carlos Hawker Managing Director Business Development
Commercial Banking at HSBC Brazil Investment Management at BlackRock Latin America UCAM LLB Fordham LLM 2008
Miami
Dinesh Goel Managing Director India Southeast Asia amp Middle East
Entrepreneur vested in textiles technology education real estate ldquoAsias 20 Upcoming Entrepreneurs Under 25 for 2006rdquo - Businessweek Asia
Thunderbird School of Global Management MBA 2004
Mumbai
Raj Chinai Managing Director
CEO of ARC Advisory Partners Managing Director Sobha Group Principal at SVB India Capital Partners and Kalaari Capital Univ of Pennsylvania BA Kellogg MBAHarvard MPA 2004
Dubai
Note The company logos above are trademarked by each individual company and represent many of the firms where LCRrsquos senior management team has worked in the past
LCR Functional Leadership Team
Matthew Virkstis General Counsel amp Head of Compliance
Senior Counsel United States Senate Committee on the Judiciary
Attorney at Greenberg Traurig University of Vermont BA Vermont Law School JD 2004
Washington DC
Ilka Komatsu Director Client Services
Investment Management Rio Bravo Investimentos Private Wealth Robertson Stephens and Bear Stearns Pontifiacutecia Universidade Catoacutelica de Satildeo Paulo BA
NewportBeach
Aliya Shakir Head of Client Services India and Middle East
Programmer Analyst at Cognizant Technology Jawaharlal Nehru Technological University BSE Fairfield University MBA
Mumbai
Bruna Canto Director Brazil
Vice President at JPMorgan Private Bank Private Banking at HSBC University of Houston BA
Satildeo Paulo
Ana Elisa Bezerra Vice President Brazil
General Manager Peter Murphy Enterprises Universidade Presbiteriana Mackenzie BBA University College Dublin MA
Satildeo Paulo
LCR Strategic Market Partners
Carel van der Merwe Financial Advisor Morgan Stanley Head of Equity Desk Investec London MBA UCT
Cape Town
Pancho Ravecca Co-Founder AguadaPark Kinko FicusCapital Endeavor Uruguay
Harvard MBA 1997Montevideo
LCR Advisory Board
Brendan Rogers Investor amp Advisor
COO of MSD Capital Michael Dellrsquos $17 billion private wealth management family office
Consultant at McKinsey amp Company US Navy Seal US Naval Academy BSE Harvard MBA 2002
New York
Bill Derwin Investor amp Advisor
CEO of International Car Wash Group President of Terminix International Consultant at McKinsey amp Company Stanford BSE Harvard MBA 1997
Denver
28 29
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
RECENT LCR PRESS COVERAGE
ldquoSurge in EB-5 investors from Latin America Well-off Brazilians and Venezuelans have been turning to the EB-5 program in higher numbers due to political and economic problems in the two countries and a resultant increase in crime ratesrdquo Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners
ldquoInvestimento EB-5 para obter green card nos EUA cresce no Brasilrdquo
ldquoWhile other visas have waiting periods as long as 10 years the EB5 visa has the fastest processing time to acquire permanent residency for a familyrdquo
ndash Suresh Rajan CEO and Founder of LCR Capital PartnersFebruary 2017
ldquoWe at LCR have seen a significant hike in applicants for the EB 5 visa from India owing to the increased awareness about the program over the past few monthsrdquo
Read More
ndash Rogelio Caceres Co-Founder andCCO of LCR Capital Partners June 4 2018
ldquoGiven the chaos at South African universities at the moment there would be lots of parents listening carefully to thisrdquo
ndashAlec Hogg interview with LCRrsquos Rogelio Caceres Oct lsquo16
RECENT EB-5 CLIENT FEEDBACK
BRUCE ANDERSON
Use Case Childrens college education and US employment opportunity Probable entire family relocation Location George South Africa
ASHINI MEHTA
Use Case H-1B visa holder (NYU grad) not willing to wait another 10 years for her green card Location New York City NY
EacuteRIKA STUPIELLO
Use Case Complete family migration to the US
Location Satildeo Paulo Brazil
ldquoIt seemed like the easiest way to get a green cardrdquo ndash Ashini Mehta
ldquoDespite knowing that the EB-5 Program requires an investment with some risk for us investing in a company with a solid reputation such as the LCR has offered us some assurance with regards to the risksrdquo ndash Erika Stupiello
ldquoThe professional service has been beyond reproach How do you choose an EB-5 partner Read the DNA of the management teamrdquo ndash Bruce Anderson
SUNDAR RAMANATHAN
Use Case Recent Masters Engineering grad seeking safe and reliable alternative to H-1B lottery Location Miami FL
ldquoNot too many companies sponsor H1-B visas for international candidatesrdquo ndash Sundar Ramanathan 3130
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
LCR
EB-5
PRO
JEC
T O
VERV
IEW
Four Seasons Hotel amp Private Residences at the Surf Club
The legendary private Miami club has been reinvented by the Four Seasons brand The Richard Meier-designed hotel his first project in Miami features 77 rooms and 150 condominium units and opened on March 27 2017
LocationMiami Beach FL
DeveloperFort Partners
EB-5 Capital Raise Target$100 million
Project StatusConstruction Started in 2014
Hotel Opened in 2017 On-Going Construction
Through 2019
I-924 Exemplar Petition Approved Project has been reviewed and pre-approved by the USCIS (April 2018)
EB-5 Structure5-year loan secured
by equity pledge by the developer
(hotel and unsold condos)
Strict Loan CovenantsMinimum 12x collateral
coverage ratio LTV (loan-to-value) ratio
no more than 80
Proven Job Creation 100 of Minimum Jobs Requirement
Already Met
Projected Total Job Creation
459 JobsInvestor
US Citizenship and Immigration Services
32 33
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
RECENT PRESS COVERAGE
ldquoSome new Four Seasons properties such as the 77-room hotel in Miami Beach have opened to strong reviews Nadim Ashi whose investment firm owns the property said room rates are averaging $1000 per nightrdquo
(July 17th 2017)
KEY FEATURES
bull Designed by Pritzker Prize winning architect Richard Meier (who has
also purchased a condominium unit)
bull The $12 billion projected sellout will make the Four Seasons Surf Club
the largest single project sellout in Floridas real estate market history
bull Situated four blocks from the Bal Harbour Shops the number one
ranked shopping center in the world (based on annual sales per square
foot)
bull Two premier restaurants the first from one of the worldrsquos most
decorated Michelin star chefs Thomas Keller and the second Le
Sirenuse is the first beyond the original in Postino on Italys Amalfi
Coast 52416 CNBC SURVEY
THOMAS KELLER THE SURF CLUB RESTAURANT LE SIRENUSE
Watch LCRs Current EB-5 Project Video
3534
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
100 PROJECT APPROVAL RATE BY USCIS
USCIS APPROVAL TRACK RECORD
FOUR SEASONS PROJECT
TARGET EB-5 CAPITAL RAISE LOCATION
PROJECT EXEMPLAR APPROVAL
Four Seasons New York Downtown $250 Million New York City NY Yes
Four Seasons Resort amp Golf Course $115 Million Caya Largo
Puerto Rico Yes
Four Seasons One Dalton $160 Million Boston MA Yes
Four Seasons Hotel amp Private Residences
at the Surf Club$100 Million Miami Beach FL Yes
EB-5 PROJECT FUND STRUCTURE
Four Seasons at the Surf Club Project
Development of a 77-key Four Seasons Hotel and two 12-story residential luxury condo towers on a historic oceanfront lot just north of Miami Beach Florida
Fort Partners LLC
(The Company) Owner and Developer of the Project
Uses $100 MM in EB5 funds and other funding to develop the Project
LCR Fort Development LP
General Partner LCR Fort Manager LLC
The Partnership loans money to the Company for
job creating purposes
Limited Partners 200 EB-5 Investors
LCR Fort Development LP | EB-5 Investment | By Region
REGION TOTAL ()
INDIA $31000000
BRAZIL $23000000
MIDDLE EAST $3000000
LATIN AMERICA $4500000
AFRICA amp EUROPE $20500000
TOTAL $81500000
() As Of September 30th 2018 total of EB-5 investors (I-526 filings and in SOF processing)
EB-5 Affiliate Network State of Florida RC
The RC oversees and advises the Project the EB-5 process and the associated entities
3736 36
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
bull According to Fort Partners current development timeline additional construction will continueto complete ancillary retail restaurant space parking and custom units The parcel across theCollins Ave containing a market and parking facility should finish construction in 2019
~ Additional EB-5 proceeds are going towards these expenses bull Please go to httpwwwfourseasonscomsurfside for additional information
PROJECT CONSTRUCTION UPDATE
The Blackstone Group LP [NYSE BX] is the largest alternative asset investment firm in the world and provided $200 million of bridge financing to Fort Partners to partially finance the initial construction of the project
Blackstonersquos real-estate business which has $119 billion in assets under management and more than 450 employees is one of the largest hospitality investors in the United States It owns Chicagorsquos Willis Tower and the Cosmopolitan of Las Vegas resort and casino
Earlier this year Blackstone sold the last of its stake in Hilton Worldwide Holdings Inc an investment that earned it more than $14 billion the most ever for a private-equity investment in real estate
Project Construction Pictures (November 2016)
Project Construction Pictures (May 2018)Watch video to learn more
about Blackstones real estate investment group
Read more
3938
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
bull Founded in 1960 Four Seasons Hotels and Resorts is an international luxury five-star hotelmanagement company headquartered in Toronto Canada with annual revenues of $4 billion
bull According to Travel + Leisures 2017 Worlds Best Hotels the Four Seasons Hotels operate7 of the top 100 hotels in the world
bull Four Seasons named to Fortune 100 Best Companies to Work For List for 21stConsecutive Year
bull In 2006 Bill Gates family office and Prince Al Waleed Bin Sultan from Saudi Arabia purchased95 of the company for $38 billion The remaining 5 stake is owned by founder Isadore Sharp
Notable owners of Four Seasons properties include
~ Larry Ellison Founder and Chairman of Oracle~ Michael Dell Founder of Dell Computer
WORLDS LEADING LUXURY HOSPITALITY COMPANY
111 LUXURY HOTELS IN 46 COUNTRIES
25 HOTELS IN ASIA PACIFIC INCLUDING BEIJING AND
SHANGHAI
OVER 50 YEARS OF OPERATING HISTORY
Brendan Rogers MSD Capitalrsquos COO sits on LCR Capitalrsquos Advisory Board
Two of the worlds richest men Bill Gates and Prince Alwaleed Bin Talal own 95 of the Four Seasons Hotels Ltd
FOUNDER OF FOUR SEASONS AT SURF CLUB OPENING IN MARCH 17
4140
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
bull Fort Partners CEO Nadim Ashi sits on the Advisory Council of the Four Seasons Hotels
bull Fort is the preferred Four Seasons developer in several strategic locations including Cuba and Marbella Spain
bull Average time to develop and open a Four Seasons is 10 years Fortrsquos efficient entrepreneurial structure has allowed it to be done in under 4 years
ON THE ADVISORY COUNCIL OF THE FOUR SEASONS HOTELS
Unique experience delivering luxury Four Seasons projects that combine hotel and residential offerings
bull Privately owned real estate investment management company based in Miami Florida led by developer and entrepreneur Nadim Ashi
bull Stakeholders are leading private investors and family offices from the US Europe and South America
bull Over $18 Billion in Four Seasons development experience across 2 million square feet of Four Seasons Hospitality Residential real estate
bull Exclusive rights to develop Four Seasons hotels on the Florida Atlantic coast Currently exploring development opportunities in the Caribbean Latin America and Europe
EXPERIENCED DEVELOPER
PALM BEACH FOUR SEASONS
SURF CLUB FOUR SEASONS
FOUR SEASONS HOTEL AND PRIVATE RESIDENCES FORT LAUDERDALE
THE SEAWAY
ldquoThis is a combination of a world-class developer architect designers and culinary talentrdquo
ndash J Allen Smith President and Chief Executive Officer Four Seasons
Click here httpswwwfourseasonscommagazinediscoversurf-club-photo-tour4342
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
7947 CONSTRUCTION JOBS HAVE ALREADY BEEN CREATED
Founded and led by Kim Atteberry
former Chief Economist for the
USCIS Vermillion provides expert
advice on economic impact
analyses EB-5 compliant structure
job creation methodology and
Matter of Ho compliant business
plans Their products and
services strictly conform to USCIS
guidelines
ldquoThe Four SeasonsSurf Club project has already resulted in the creation of 7947 total jobs within the Miami-Dade Workforce Drawing Area All of these jobs qualify for EB-5 purposesrdquo
mdash Kim Atteberry Vermillion ConsultingFormer Chief Economist of USCIS
AT LEAST 40 JOBS PER EB-5 INVESTOR HAVE ALREADY BEEN CREATEDAccording to Vermillion Consulting the actual number of jobs already created by the Project (as of
August 2017) was 7947 jobs (solely through construction expenditures)
Therefore given a target raise of 200 EB5 investors (ie 2000 jobs required) there is already
sufficient job creation to support the approval of permanent green cards for all of the Projects
EB-5 investors
Although the project is expected to create approximately 9180 jobs almost all of the jobs are
created through construction which is already well underway meaning there are no less than 40
jobs per EB-5 investor already created
10 JobsInvestor
Jobs Required
Jobs Created (As of Aug 17)
397 JobsInvestor 459 JobsInvestor
BASED ON 100 MILLION EB-5 CAPITAL RAISE TARGET
8567
Construction Jobs
613 Operations Jobs
2000
7947
Construction Jobs
Total Jobs Estimate
Econometric Report (August 29th 2017)
EB-5 Capital as Replacement Capital
As per the USCIS May 30th 2013 memo [Section IV C entitled The Creation of Jobs pg 15 amp 16] If the project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces it with EB-5 capital the new commercial enterprise may still receive credit for the job creation under the regulations
4544
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
SALE OF THE RESIDENTIAL UNITS TO REPAY THE EB-5 INVESTORS
$125 BILLION PROJECTED SELL-OUT
119 luxury condominiums including all 13 penthouses have been sold for $975 million
Fort Partners anticipates a sellout of the remaining units to be completed by the end of June 2019
Recent Surf Club condominium purchasers include current and former senior executives from leading US investment banks global private equity firms as well as the founders of successful multi-billion companies
Additional information available at httpswwwbizjournalscomsouthfloridanews20180207new-condo-at-four-seasons-surf-club-sellshtml
31 units for sale
119 units have been sold
79 of units
already sold
4746
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
UNIQUELY ATTRACTIVE CAPITAL STRUCTURE
USE OF EB-5 PROCEEDS
A total investment of $828783000 is anticipated for the Project The final sources of funds (after EB-5 funding is obtained) are shown below
$166000000 Sponsor Equity
20$344000000
Pre-Sale Deposits
42
$218783000 Condo Sale Proceeds
26$100000000
Target EB-5 Secured Loan
12TOTAL $828783000
Developer with Skin in the Game bull Fort Partners contributed 20 of total costs as a cash equity contribution to finance the
development of the Projectbull Real estate developers typically contribute very little (if any) cash equity into their EB-5 projects
and instead rely on contributions in kind in form of land andor air rights
Lack of Reliance on EB-5 Capital bull EB-5 capital represents merely 12 of total project costsbull Most EB-5 projects need to rely on raising 20 to 35 of total project costs in EB-5 financing
No Senior Loan bull Even though the EB-5 loan is structured as a mezzanine loan there will be no senior loan on
top of it at the time of fundingbull In addition there are strict contractual covenants already in place which restrict the developerrsquos
ability to raise additional debt capital in the future
USE OF FUNDS AMOUNT OF TOTAL PROJECT COSTSLand Acquisition Cost $122691600 148Construction (Hard Costs) $439184856 530Soft Costs $140348373 169Furniture Fixtures amp Equipment $22185241 27Other (Interest etc) $99372928 120Working Capital $5000000 01TOTAL $828783000 1000
EB-5 loan proceeds to be used as followsbull Complete construction of the Residences and fund ancillary construction across
Collins Avebull Repayment of a portion of bridge construction loan from Blackstone
Proceeds received from EB-5 offering and closings of pre-sold condos will be used to replace bridge financing from the Blackstone Group and complete construction of the residences and a parking facility and market across Collins Avenue A summary of the uses of funds is below
4948
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
IMPROVES THE SAFETY OF YOUR EB-5 INVESTMENT
Surf Club Four Seasons is a well-capitalized project that will have no senior debt as of the initial takedown of the EB-5 capital loan
ndash With strict covenants in place for future debt the developer must maintain a minimum12x collateral coverage ratio (or $120M total) and an 8020 debt to equity ratio
In the unlikely worst case scenario of default LCR has significant opportunity to recover the loan
ndash If the developer ever defaults on the loan LCR would take possession of the collateral
ndash If the developer ever falls below the 12x collateral coverage ratio there is a30-day forced repayment mechanism to re-achieve that ratio If that is not achieved LCRwould take possession of the collateral
Many EB-5 loans do not have the same investor protections that require enough collateral coverage to cover the full loan amount
COLLATERAL COVERAGE RATIO REQUIREMENT OF 12X OR HIGHER
SURF CLUB FOUR SEASONS COLLATERAL COVERAGE USD Millions
Mimimum Requirement
$43M Collateral Required To Maintain
$77M Hotel Valuation
$100M EB-5 Capital Loan
$120M Total Collateral Coverage
5150
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
SURF CLUB EB-5 PROJECT ENJOYS MULTIPLE EXIT STRATEGIES
Traditional
Bank Lenders
Cash Flow from
Operations
(eg sales of
condominium units)
Sale of Hotel
amp Land
The depth and breadth of repayment options enjoyed by this project and the Four Seasons brand are some of the best in the hospitality industry thereby increasing the likelihood of repayment to our EB-5 investors
Exit strategies include (i) refinancing via bank or CMBS loan (ii) cash flow from condo sales and (iii) sale of hotel
J Relevant Four Seasons Hotel acquisitions include the Four Seasons Maui purchased by MSD Capital (Michael Dellrsquos family office) for $280 million
J Nearly 80 of luxury residences have already been sold
HOSPITALITY INDUSTRY IS WELL-SUITED FOR EB-5 INVESTORS
q STRONG JOB CREATION
bull As operating businesses hotels create more jobs per dollar than any other type of realestate development project because they count
bull Direct hotel employeesbull Construction jobs (if construction takes 24 months or more to complete mdash which
is often the case for hotels)
w MONEY SHOULD COME BACK
bull The dynamics of hotel value and financing create a generally reliable source ofrepayment to the EB-5 investors
bull Hotels typically take 2 to 5 years after the completion of construction to ldquoramp uprdquooperations from a dead stop to full sustainable levels (stabilization)
bull After opening and stabilizing the value of the hotel typically jumps a substantial amountabove the project cost
bull More importantly hotels can usually access traditional capital markets for favorablefinancing once they have established cash-flows
bull If a hotel has a stabilized earnings history then CMBS (commercial mortgage-backed securities) lenders compete vigorously to finance or refinance that cash-flowing hotel by offering 10-year fixed-rate money at low interest rates
bull This phenomenon helps drive hotel developers to EB-5 financing and makes theirprojects solid candidates to repay the EB-5 investment on stabilization
e RELIABLE PROVEN BUSINESS MODEL
bull The hospitality industry provides a proven business model featuring several globalpre-eminent brands including Four Seasons Hotels
bull Therefore the hospitality industry has attracted highly professional and experiencedindependent third parties which provide an additional layer of underwriting validation andoversight that is independent to that of the developer
5352
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
LCR EB-5 PROJECTS PROVIDE INVESTOR TRANSPARENCY
Fund Administration
bull Comprehensive tracking of funds throughout project life cycleand generate documented audit required to complete immigrationprocess
bull EB-5 investors can log onto personal account for completetransparency
Broker-Dealer
bull Registered Broker-Dealer and Investment Advisor (Memeber FINRA| SIPC)
bull Offices in US and Chinabull Highest level of standards in due diligence complete US securities
laws compliance
Escrow Bank bull Founded in 2001 Signature Bankreg (NasdaqSBNY) is a New York-based full-service commercial bank with 29 private client officeslocated in the New York metropolitan area
bull Signature Bank was voted by Forbes Magazine in 2014 as the 1publicly traded bank in the US
EB-5 Econometric
Jobs Reportbull Founded and led by Kim Atteberry former Chief Economist for the
USCIS Vermillion provides expert advice on project feasibility EB-5compliant structure job creation methodology targeted employmentarea (TEA) analysis and Matter of Ho compliant business plans
Regional Center
bull Owns and operates 15 Regional Centers in 21 statesbull Raised over $500 million of EB-5 to fund over $5 billion in total
project costbull 100 approval on all USCIS adjudicated petitions and projectsbull EB5AN is widely recognized as an industry leader in Regional
Center compliance best practices Out of nearly 1000 EB-5Regional Centers EB5AN is the only one that has been selectedby NES Financial as a Medallion Solution Partner for Best InClass Regional Center Compliance Practices
AND HAVE UNDERGONE EXTENSIVE THIRD PARTY DUE DILIGENCE
Given the complexity of EB-5 investments (which combine legal financial and US immigration considerations) and the general lack of publicly available information prospective investors often face difficulty in selecting from hundreds of available EB-5 projects
~ Our project has undergone project due diligence (Blackstone) EB-5 immigration (Klasko LLP) and 3rd party due diligence (EB-5 Diligence and Primary Capital)
bull EB-5 Diligence generates the industrys most comprehensive and requested investment researchreports The firms research reports help investors effectively assess the risks associated with eachEB-5 investment opportunity
bull The firms research involves reviewing all offering and supporting documents investigates andverifies the claims being made in the PPM and marketing materials
bull As part of each report an analyst conducts a site visit to meet with managers of the project (job-creating enterprise) and the manager of the EB-5 issuer (new commercial enterprise) to assessthe demand generators used in the business plans projections Background checks on all controlpersons are also conducted
5554
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
KEY EB5 PROJECT HIGHLIGHTS5 Legendary Private Miami Club Featuring 77 Hotel Rooms and 150 Luxury Residences
5 Exemplar Project Approval by USCIS (April 18 )
5 37 Jobs per Investor have Already Been Created (as of August 17)
5 5 year Loan with Minimum 12x Collateral Coverage
5 Luxury Condo Sales Reaching $1 billion 5 100 Fully Financed (Lack of Reliance on EB-5 Capital)
5 World-Class Institutional Partners Including
bull According to Travel + Leisure (2017) Four Seasons Hotels Operates7 of the Top 100 Hotels in the World
bull Blackstone is the Worlds Largest Real Estate Private Equity Firm with
$119 billion of AUM
bull Fort Partners has $18 billion of Four Seasons Development Experiencebull Designed by Pritzker Prize-winning Architect Richard Meierbull Two Michelin Star Restaurants including Thomas Keller
Investor Slots Available
Original Slots Available Slots (Sept 30th 2018)
200
37
NEW INVESTOR | REQUIRED CHECKLIST
q INVESTORFAMILY PROFILE
1 Current residence and citizenship2 What is your occupation andor business3 Are you married and do you have children
(what ages)
4 Do you have friends or relatives who haveobtained green cards Or that live in the US
5 Do you have a desired US destination(s)
w KEY MOTIVATORSINTEREST LEVEL
1 How long have you been researching theEB5 investment visa program
2 What are your key drivers for consideringEB5 investmentbull Childrenrsquos educationfuturebull Security concernsbull Careerbusiness opportunitiesbull Retirementbull Other
3 If the EB-5 program is not renewedwhat alternative US residency optionsare you considering
4 If the minimum EB5 investment amountincreases to $925000 (or more) willyou still proceed with EB5 program
5 Are you able and motivated to completeyour I-526 petition and file by December7th 2018
6 Is there anything LCR should be awareof that would prevent you from movingforward with EB5
e NEAR TERM LIQUIDITY [$550K USD] WITH REQUIRED DOCUMENTATIONTO PROVE LEGITIMATE SOURCE OF THESE FUNDS
1 How do you intend to finance your EB-5investmentbull Gifts from family membersbull Accumulation of IncomeSavingsbull EarningsDividends from businessbull Proceeds from the sale of real estate
propertybull Loans properly collateralized
2 Is the capital offshore already or still inyour home country
3 The US SEC requires US persons tomeet minimum net worth and incomerequirements to qualifybull What was your combined annual
income last year two years agobull What is your net worth excluding the
value of your primary residence
bull In order to maintain strict compliance with US Securities laws LCR asks its investors who subscribe to an LCRoffering in the United States (ldquoReg D investorrdquo) to complete a third party accredited investor verification viawwwverifyinvestorcom
bull Alternatively the principal applicant (Reg S investor) may choose to conduct the transaction and sign theinvestment documents outside the US
INVESTOR PRINCIPAL APPLICANT | ACCREDITED INVESTOR VERFICATION PROCESS
5756
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
Complete sign Welcome Packet docs and send
scan back to LCR
Visit and stay at Project
(and receive a discount on your Admin Fee to offset the cost of your
trip to Miami)
LCRS 4 WEEK APPLICATION PLAN
Key Actions to Complete by Week of
Week 1
Request investment documents
Week 2 Week 3 Week 4 Week 5
Engage experienced immigration
firm as immigration
counsel
Engage with your bank to discuss funds transfer process and requirements
Schedule Welcome Call to review
investment forms and answer questions
Begin preparation
of I-526
Send Welcome Packet
Sign Client Engagement
Contract
Inve
stor
LCR
Imm
igra
tion
Atto
rney
Send requested documents to
immigration firm to begin Source of Funds analysis
Wire EB-5 Investment and Admin Fee into
US Escrow Account
LCR to review signed
investment docs for
completeness
Complete I-526 petition for LCR
final review
Submit I-526 Application
LCR conducts final review of I-526 petition
LCR sends login information to
investor portal
Prepare source of funds documentation
LCR works in coordination with Immigration Firm on source of
funds documentation
Welcome Packet includesbull Signatory Booklet Investor Questionnaire W-8BEN form including Helpful Suggestions 1 page guidebull Please send scanned copy of principal applicantrsquos passport
WHAT ARE THE NEXT STEPS
PROVIDE SOF
DOCUMENTATION
SELECTLCRS EB-5
INVESTMENTPROJECT
1 LCR provides complimentary Source of Funds assessment2 Conduct accredited investor process (see below)3 Investor completes new client onboarding forms including
subscription docs4 Investor meets Capital Wiring Deadline by depositing $500000
and Administration Fee into US project escrow account
1 Principal applicant to provide personal and SOF documentation (review pages 68 amp 69)
EB-5 FINANCING OPTIONS The USCIS accepts a variety of funding sources for EB-5 Investments including
ENGAGEIMMIGRATION
COUNSEL
LCR will refer you to experienced US immigration firms such as
Other loan as long as the loan has
collateral and the investor has the
obligation to repay
Salary and Bonus
Compensation
Profits from the sale of a house or other assets
Donation from family friends or employers
Bank loan leveraging marketable securities
(fixed income equities etc)
Home Equity line of credit on
property in the US or the investors
home market
5958
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
SOURCES AND PATH OF FUNDS | REQUIRED DOCUMENTATION
I BIOGRAPHIC DOCUMENTSPassportsFirst Page Last Page of all family members (including Principal Applicant amp Beneficiary Dependent Members)
Birth CertificatesBirth Certificate Copies of all family members
Personal Identification CardsPAN Card Aadhar Card Driving License Copies of all family members
US Visas Immigration DocumentsUS Visa Pages I20 Past Immigration Papers (if any) of all family members
Marriage CertificateMarriage Certificate of Applicant (if applicable) and Applicants Parents who will be gifting the money
Declaration of Community Property (Between Parents)A declaration with a list of property of the parents joint accounts and holdings between the parents
Educational amp Professional CertificationsDegrees Diplomas Educational Certifications Professional Licenses and Resume of all family members
Personal Income Tax ReturnsPersonal Income Tax Returns of all members of the family as far back as available (12 Years is usually enough)
Bank Account StatementsStatements of those Bank Accounts from where the Money has moved for Any Purpose of SOF (7-10 Years is usually enough)
Personal amp Family ProfileResume Profile Employment History Dates of Employment with the Company and PositionJob Title at the Company A Profile of the Family Structure Aspirations Long Term Goals of each member
II SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS SALARY FROM COMPANY)Evidence of IncomeEmployment Contracts between Investor and Past + Current Employers
Letter from Company Including Dates of Employment with the Company Annual Income Received Bonuses Received (if any) and PositionJob Title at the Company
Evidence of PaymentPayment Statements from Company showing Payment of Salary (Salary Slips Income Verification Letter) Bank Account Statement of Client Post Receipt of Salary (Evidence of Deposit in Account)
III SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS COMMISSION FROM COMPANY)Evidence of Income from CommissionContract of Agency between Client and Company Paying the Commission Invoice of Commission Raised by Client to the Company
Evidence of CompanyAOA and MOA of Company Paying the Commission Grant of Work Statement on the Companys Letterhead Acceptance of Invoice of Commission on the Companys Letterhead TDS Certificate Copy of TDS Deduction and Deposit by Company for Commission Paid
Evidence of PaymentPayment Statements from Company showing Payment of Commission Bank Account Statement of Client Post Receipt of Commission from Company
IV SOURCE OF FUNDS DOCUMENTS (IF RECEIVED AS DIVIDEND FROM BUSINESS)Evidence of OwnershipEvidence of Purchase of Shares of the Company Shareholders Certificate from Company CA Share Certificates DeMat Certificates Calculation Statement of Dividend to be Received on basis of shares held
Evidence of Dividend DeclarationDividend Declaration Papers by Company Preferably on Company Letterhead
Evidence of PaymentPayment Statements from Company showing Payment of Dividend Bank Account Statement of Client Post Receipt of Dividend from Company
V SOURCE OF FUNDS DOCUMENTS (LIQUIDATION OF PORTFOLIO)Evidence of Purchase of PortfolioBank Statements showing Payment for Purchase of Portfolio (Stocks Mutual Funds Bonds) Evidence of Purchase DeMat Account Details
Evidence of Retention of PortfolioEvidence of DeMat Account Portfolio Account Wealth Managers Statements Transaction Slips (If Any Interim Sale and Purchase Transactions have Occured Change in Portfolio has Occured)
Evidence of Purchase of PortfolioEvidence of Sale DeMat Account Details Bank Statements showing Receipt of Funds Upon Liquidation of Portfolio (Stocks Mutual Funds Bonds)
VI SOURCE OF FUNDS DOCUMENTS (SALE OF REAL ESTATE)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of SaleSale Deed of Property Certificate of Appraisal of Property Showing Value at the Time of Sale Bank Account Statements Showing Deposits of Proceeds from Sales
VII SOURCE OF FUNDS DOCUMENTS (LOAN AGAINST PROPERTY)Evidence of PurchaseEvidence of Money used to Purchase the Property Contract for Purchase of Property Loan Grant Papers Contract with Bank NBCF (If Any was Taken) and Servicing of Loan Payment of EMIs to Service Loan) Outstanding if Any Invoices from Builder Developer Agent Owner of Property Certificate of Appraisal of Property Showing Value at the Time of Purchase
Evidence of Ownership Clear Title DeedEvidence of Property Deed Certificate of Real Estate Ownership Evidence Documenting Payment of Relevant Fees Taxes Stamp Duties Paid in Connection to the Property
Evidence of Loan Against PropertyCopy of Application for Loan Against Property Certificate of Appraisal of Property Showing Value at the Time of Application of Loan Valuation Report from Third Party if any NOCs (No Objection Certificates if any applicable) Sanction Letter from the Bank for the Loan Granted along with Repayment Terms and Conditions Bank Account Statements Showing Drawdown of Loan
VIII SOURCE OF FUNDS DOCUMENTS (GIFT FROM PARENTS CLOSE RELATIVES)Evidence of GiftEvidence of Family Kinship (Proof of Relationship) Gift Deed between Family Members Close Family Relatives Relevant Evidence and Proof of Source of Funds of Grantor of Gift (Family Members Close Family Relatives) Bank Account Statements Showing Transfer of Gift
REPRESENTATIVE LIST OF DOCUMENTS REQUIRED BY USCIS
6160
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
This presentation does not constitute investment advice and is neither an offer to sell securities nor a solicitation of an offer to buy securities You should consult your legal counsel accountants andor tax advisors prior to making any decision or taking any action concerning the information provided in this presentation
This presentation is not directed at nor intended for distribution to or use by any person or entity that is a citizen or resident or located in any locality state country or other jurisdiction where such distribution publication availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction Persons into whose possession this presentation comes should inform themselves about and observe any such restrictions
Statements in this presentation are made as of the date this presentation is made unless stated otherwise and the delivery of this presentation at any time shall under no circumstances create an implication that the information contained herein is correct as of any time after such date
Special Note Regarding Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements reflect LCR Capital Partnerrsquos (ldquoLCRrdquo) current expectations beliefs projections future plans and strategies anticipated events or trends and concern matters that are not historical facts Some of these forward-looking statements can be identified by terms and phrases such as anticipate should likely foresee believe estimate expect intend continue could may plan project predict will and similar expressions
The forward-looking statements in this presentation are only predictions based upon LCRrsquos current expectations and projections about future events and are based upon various assumptions many of which are based upon LCRrsquos examination of market data operational trends and other statistical information derived from independent industry publications government publications reports by market research firms or other published independent sources Although LCR believes that these sources are reliable and that we have based these statements on assumptions that we believe to have been reasonable when made LCR has not independently verified such information and cannot guarantee its accuracy and completeness As a result the forward-looking statements in this presentation and their underlying assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of LCR and you should therefore not place undue reliance on such statements
Important factors that could cause our actual results to differ materially from those discussed in the forward-looking statements in this presentation include (i) risks relating to the reauthorization of the EB-5 investor visa program and the terms on which the EB-5 investor visa program is reauthorized (ii) risks relating to developments in the timing and cost of the EB-5 investor application and approval process (iii) changes in market regulatory industry and other conditions events or circumstances which may impact the cost timing andor completion of the Surf Club Four Seasons development project Except as required by law we undertake no obligation to update or revise any forward-looking statements whether as a result of new information future events or otherwise
All forward-looking statements attributable to LCR or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements
MESSAGE FROM LCRrsquoS CEOSeptember 2018
Dear Investor
As a firm founded by first generation US immigrants LCR takes its mission very seriously to serve as a trusted and reliable partner to our EB-5 investors as they successfully navigate a transition towards US residency
By transforming a government immigration program into a standardized financial product that maximizes job creation mitigates risk and protects investorsrsquo principal our firmrsquos EB-5 funds continue to be rewarded by strong international investor demand both from our original investor markets such as Brazil and India as well as emerging EB-5 markets such as the Middle East South Africa and Latin America
We would like to thank our investors for their continued support and confidence in our abilities our Board for their leadership and our employees for their collaboration and deep commitment to our rapidly emerging firm
Sincerely
Suresh Rajan
CEO
6362
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
LCR Capital Partners LLC315 Post Road West | Suite 200 | Westport CT | 06880
+1 2038831940 | infolcrcapitalcom
wwwlcrcapitalcom wwwlcrcapitalin | wwwlcrcapitalcoza | wwwvisto-de-investidor-eb-5combr
wwwlcrcapitalcom
ProEd DMCC 411 Gold Crest ExecutiveCluster lsquoCrsquo JLT Dubai United Arab EmiratesTele +971 4 554 8156 554 8137Mobile +971 56 480 2675wwwproedworldcom
- Button 1
- Button 2
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