FPP Closes $52.8 Million Senior Loan for Kaia by Outdoor Citizen

Milwaukee, WI, USA – WEBWIRE – Thursday, October 3, 2024

“We remain focused on structuring our projects to provide proper security to protect investors,” said Dan Wycklendt, President of FPP. “This first mortgage lien provides the EB-5 fund rights to the property, making it an even more appealing investment for foreign investors seeking U.S. Permanent Residency through the EB-5 Visa Program.”

FPP, a leading global EB-5 fund manager, announces the successful closing of its senior loan agreement to rural, I-956F-approved project, Kaia by Outdoor Citizen. This agreement secures a first deed of trust on the property and a guarantee of completion.

“We remain focused on structuring our projects to provide proper security to protect investors,” said Dan Wycklendt, President of FPP. “This first mortgage lien provides the EB-5 fund rights to the property, making it an even more appealing investment for foreign investors seeking U.S. Permanent Residency through the EB-5 Visa Program.”

A senior loan, with a first deed of trust, is the most secure position in a capital stack. Senior loans have repayment and debt service payment priority over (in order from least risky to most risky) a mezzanine loan, preferred equity, and equity, providing the first claim on the property and its cash flow. The senior loan has the right to foreclose on the property, if the borrower defaults on the loan.

The Kaia project previously received Form I-956F approval; a significant EB-5 program milestone that validates the project’s compliance with USCIS requirements. Moreover, Kaia’s designation as a Rural Targeted Employment Area (“TEA”) allows investors to benefit from the reduced $800,000 investment threshold and priority processing.

With financing in place, Kaia is poised to continue to build on significant interest from international investors. With the combination of I-956F approval and secured funding, the Kaia project is positioned to proceed at an accelerated pace, with investors benefiting from faster I-526E processing.

For more information about Kaia by Outdoor Citizen and the opportunities available through the EB-5 Visa Program, please contact FPP at info@firstpathway.com.

About Kaia

Centrally located within the “Grand Circle” of the American Southwest, lies FPP’s new ultra-luxury RURAL EB-5 investment opportunity. Situated on parcels totaling 100-acres at an elevation of 5,520 feet, this project features 40 private dwellings with scenic views that provide a backdrop for the luxury traveler seeking to achieve a balanced lifestyle that centers on an authentic connection with nature and well-being.

About FirstPathway Partners

FirstPathway Partners helps foreign investors become United States citizens through the Department of Homeland Security Immigrant Investor (EB-5) program. Since 2008, FirstPathway Partners has assisted hundreds of immigrant investors in obtaining U.S. residency through the EB-5 program. The investment is an $800,000 minimum required program targeted toward high-net-worth individuals who understand and appreciate the convenience and timeliness created by participating in a carefully designed program. As one of few regional centers to have achieved removal conditions from clients’ green cards and redeemed full investor capital contributions, FirstPathway Partners ranks high in the category of EB-5 industry achievement.