EB5 United's Cormont at Deer Valley East Village Reaches $224.8 Million Target
News related to:EB5 United · 1 min read
EB5 United's Cormont at Deer Valley East Village has achieved a significant milestone, raising $224.8 million in EB-5 investments, according to a press release issued on September 21, 2026. The project, an I-956F-approved Priority Processing Rural EB-5 investor, has now locked the EB-5 loan into the senior position for every participating investor.
The offering, which has not yet closed, remains open and is expected to reach a maximum raise of $524.8 million. This target is set for up to 656 investors, each contributing $800,000. The senior-secured structure established at the Target Raise will continue to benefit from each additional $800,000 EB-5 investment, reducing the project's required C-PACE (Commercial Property Assessed Clean Energy) financing dollar for dollar.
Cormont at Deer Valley East Village received its I-956F approval from USCIS on April 29, 2026, confirming its status as a priority processing rural EB-5 project. The project's achievement of the Target Raise is a significant step, with 281 investors having contributed the required amount.
EB-5 investors have until September 30, 2026, to file the I-526E petition to lock in the Grandfathering protections afforded by the EB-5 Reform and Integrity Act of 2022. Starting January 1, 2027, the minimum investment amount is expected to increase. For Targeted Employment Area (TEA) projects, the minimum investment is projected to rise to between $900,000 and $950,000, while non-TEA projects will see the minimum investment increase to between $1.05 million and $1.25 million.
The EB-5 Program is a U.S. Immigrant Investor Program that grants permanent residency to foreign nationals who invest in a qualifying American business, creating at least 10 full-time U.S. jobs. Brennan Sim, Global Sales at EB5 United, has been involved in EB-5 projects representing more than $1.45 billion in total capitalization since 2013.
The project is being conducted pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933 and is available only to investors who qualify as accredited investors and whose accredited investor status is verified in accordance with applicable requirements.