The Obsidian Rural EB-5 Priority Processing
MAMMOTH LAKES, CALIFORNIA
An $800,000 investment in US real estate through the EB-5 program is the fastest path to a US green card for foreign investors and their families. We invite you to learn more about why our team and our latest I-956F APPROVED rural EB-5 project, The Obsidian Mammoth Lakes, California, can help immigrant investors achieve their United States immigration goals with USCIS EB-5 priority processing.
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PRIME RURAL LOCATION
GREEN CARD & CAPITAL SECURITY
UNDER CONSTRUCTION
USCIS I-956F APPROVAL
Located just two minutes from Mammoth Mountain, California, The Obsidian Phase II and III Rural EB-5 project is a development of 73 Luxury Townhomes on the Sierra Star Golf Course, a short walk from California’s finest skiing and outdoor areas. The Phase II and III Obsidian development follows on the success of developer Mark Rafeh’s Phase I Obsidian project next door. This rural project allows for USCIS EB-5 priority processing and EB-5 investors are directly collateralized by the residential properties themselves.
Here are a few key points that set us apart:
PRIME RURAL TEA LOCATION
The project's rural TEA status allows for priority processing of EB-5 investor's I-526 applications. Unique Offering combining Rural EB-5 with Luxury Residences in California’s best ski and outdoor destination.
GREEN CARD & CAPITAL SECURITY
-EB-5 Loan is directly collateralized by the physical properties. Upon payback of senior loan, EB-5 loan becomes senior lender and will be paid back in as little as 3 years.
-20 jobs created per EB-5 investor through construction activities alone, 2X the number of USCIS required EB-5 jobs.
UNDER CONSTRUCTION
All financing has been secured and construction has started. EB-5 funds will only replace existing bridge financing. Phase 1 of the project has SOLD OUT.
USCIS I-956F APPROVAL
-USCIS has reviewed and approved the project's I-956F application. -Paraprin Capital has a 99.5% approval track record on over 200 EB-5 investor applications. Developer ProMark Investments has proven track record across 29 projects and has also successfully executed in Mammoth.
Rural TEA location in the heart of California's premier ski and outdoor destination
Project Summary & Location
The Obsidian Phase II and III Rural EB-5 project is a 73 unit residential development located in Mammoth Lakes, California. Located on the Sierra Springs golf course only steps from Mammoth Mountain Village shops and skiing, Obsidian offers its residents and guests a unique combination of luxury living, concierge service, and four seasons of outdoor enjoyment. Mammoth mountain is California’s premier ski destination with the most snow, the largest terrain, the highest elevation, and the longest ski season in all of California. Apart from skiing, Mammoth is only a 45 minute drive from the legendary Yosemite National Park and is a nationally popular destination for hiking, fishing, mountain biking, and other outdoor activities. The Phase II and III Obsidian development follows on the success of developer Mark Rafeh’s Phase I Obsidian project next door. Phase I’s 24 exclusive residences experienced excellent demand and sold out prior to completion of construction. Phase II and III are similar in size to Phase I but feature further upgraded amenities and design. Residents and guest of all three phases can enjoy concierge service, private mountain shuttle, pool, sauna, game room and other amenities.
The Reserve is centrally located along the 10th fairway of the Sierra Star golf course and less then 1 mile from the Mammoth Mountain Ski Resort, one of the most visited resorts in North America.
Founded in 2011, developer Mark Rafeh's ProMark Investments' focus across nearly 30 projects has been to make strategic investments in select real estate markets to achieve attractive returns while developing projects that complement the local communities in which they reside. ProMark Investments has vertically integrated the entire development and management process resulting in an extremely high level of control and more predictable execution across all project phases and multiple project types.
Founded in 2011, Paraprin Capital has helped nearly 200 EB-5 investors and their families, across 8 EB-5 projects, obtain their US green cards and have funded over $1 Billion of commercial real estate development projects. Paraprin maintains a 99% approval track record on all I-526 and I-829 applications and has multilingual staff in offices in the US, Latin America, China, Vietnam, and India.
LEGAL DISCLAIMER:
This page is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or partnership interests described herein. Potential investors are urged to consult a professional advisor regarding the possible economic, tax, legal, or other consequences of entering into any investments or transactions described herein. Any investor must be able to bear the risks involved and must meet the applicable suitability requirements. No assurance can be given that the investment objectives will be achieved and investments of the type described herein involve significant risk. Past results of Paraprin and its affiliates are not necessarily indicative of future performance, and performance may be volatile. Investors must realize that they could lose all or a substantial amount of their investment. Paraprin shall have no liability, contingent or otherwise, to an investor or third parties, or any responsibility whatsoever, for the correctness, quality, accuracy, pricing, reliability, performance or completeness of the data or information provided herein or for any other aspect of the performance of these materials, and nothing contained herein shall be relied upon as a promise or representation whether as to past or future performance. This material may include estimates and projections and involve significant elements of subjective judgment and analysis. No representations are made as to the accuracy of such estimates or projections or that all assumptions relating to such estimates or projections have been considered or stated or that such projections will be realized. Forecasts by their nature are inherently uncertain and are subject to numerous risks. This may be more likely with respect to investments that have been held for a short period of time. Past performance is not necessarily indicative of future results. In no event will Paraprin be liable for any special, indirect, incidental or consequential damages which may be incurred or experienced on account of the investor using the information provided herein, even if Paraprin has been advised of the possibility of such damages. The information in this document and any other materials related to a potential investment is furnished on a confidential basis exclusively for your use and retention. Each person who has received a copy of any such information (whether or not the person purchases interests in the partnership) agrees (i) not to reproduce or distribute any information, in whole or in part, (ii) to maintain the confidentiality of the information and not to disclose any such information to any other party, and (iii) not to use the information for any purpose other than evaluating the potential investment presented herein.