The latest EB-5 program to be announced is the long awaited Los Angeles Film Regional Center project through Can Am enterprises. It is an program that will be a $100 MM loan to Time Warner Inc.
Time Warner is the world’s second largest media and entertainment conglomerate, with major operations in film, television, publishing, Internet service and telecommunications. This project is projected to create more than 3,500 direct and indirect jobs, allocating 17-18 jobs per investor.
As security, the Los Angeles Film Regional Center will receive a corporate guarantee from Time Warner.
WhichEB5 have arranged for one of our Senior Partners to meet with the principals of CanAm and go through this option in detail to clarify a number of points we feel need detailed verification .
You need to be aware that this project is likely to subscribe relatively quickly. The track Record of CanAm projects, particularly in the current economic climate, and the fact that the program is associated with a blue chip company such as Time Warner, will likely make this a popular option – There appears to be a waiting list from Asian investors for this program, so if you are interested, you may need to act sooner rather than later.
For full details on this or other Regional Center programs, and our findings, please click here.
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