{"id":5802,"date":"2024-10-09T18:15:22","date_gmt":"2024-10-09T18:15:22","guid":{"rendered":"\/?p=5802"},"modified":"2024-10-09T18:15:23","modified_gmt":"2024-10-09T18:15:23","slug":"cmb-regional-centers-daytona-beach-project-secures-i-956f-approval","status":"publish","type":"post","link":"\/cmb-regional-centers-daytona-beach-project-secures-i-956f-approval\/","title":{"rendered":"CMB Regional Centers Daytona Beach Project Secures I-956F Approval"},"content":{"rendered":"\n

The petition was approved by USCIS following CMB filing a writ of mandamus<\/em><\/p>\n\n\n\n

DALLAS, October 9, 2024 \u2013 CMB Regional Centers<\/a> (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced that its Group 84 \u2013 Hillwood Daytona project has received Form I-956F approval from the United States Citizenship and Immigration Services (USCIS)<\/p>\n\n\n\n

The approval comes in response to CMB requesting a writ of mandamus, which sought an order from the court to require the USCIS to adjudicate the I-956F petition. An integral part of the USCIS approval process, an I-956F approval confirms that the project meets all necessary EB-5<\/a> Immigrant-Investor Program requirements.<\/p>\n\n\n\n

\u201cIt is extremely rewarding to see that our efforts to ensure adjudication of the Group 84 project have paid off,\u201d said Noreen Hogan, President at CMB. \u201cWe\u2019re proud to have secured a successful outcome for our investors, who are one major step closer to achieving permanent residency in the United States.\u201d<\/p>\n\n\n\n

The I-956F petition was filed with the USCIS in January 2023 and, when it became apparent the CMB Group 84 petition adjudication was taking longer than expected, CMB worked, on behalf of its investors, to request the writ of mandamus. <\/p>\n\n\n\n

The CMB Group 84 EB-5 partnership<\/a> lent $79.2 million to a Hillwood Development Company-affiliated entity for the construction of a Daytona Beach, Florida build-to-suit logistics facility for a Fortune 500 tenant. With over 40 EB-5 projects and more than $500 million in EB-5 loan repayment<\/a> to investors, CMB and Hillwood Development Company have cultivated one of the most successful lender-borrower relationship in the EB-5 industry.<\/p>\n\n\n\n

CMB Group 84 is one of 11 CMB EB-5 partnerships to achieve an I-956F approval under the RIA. Other approved partnerships include:<\/p>\n\n\n\n