CanAm Announces First Phase Closing of Jefferson Terminal EB-5 Project

NEW YORK, NY – CanAm Enterprises (CanAm), a leading full-service financial firm sponsoring EB-5 immigration-linked investment funds, is pleased to announce that it has closed loans totaling $35.8 million for the first phase of the Jefferson Terminal Project.

 

Jefferson Terminal is a large multi-modal crude oil and refined products logistics terminal at the Port of Beaumont, Texas. Adjacent to four major oil refineries with the capacity for over 1.5 million barrels of oil per day, the region represents the largest concentration of refineries in North America by capacity. Jefferson Terminal is a public-private partnership between Jefferson Energy Companies and the Port of Beaumont Navigation District of Jefferson County, Texas. Jefferson Terminal is owned and operated by Jefferson Energy Companies (“Jefferson”), a midstream oil company that serves the Gulf Coast. Jefferson is majority-owned by Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI), which is externally managed by an affiliate of Fortress Investment Group (NYSE: FIG), the global investment manager with approximately $54.2 billion under management. The Jefferson Terminal Phase I project includes expanded terminal and rail, inbound and outbound pipeline connections, and marine and storage facilities.

 

The United States Citizen and Immigration Services (USCIS) issued an I-924 Exemplar approval for the Jefferson Energy Project on May 24, 2021, reflecting USCIS’s determination that the capital investment satisfies EB-5 Program requirements.

 

In addition to the first phase of the Jefferson Terminal Project, FTAI and its affiliates have collaborated with CanAm previously to fund two other projects through the EB-5 Program:

  • $350 million for the All Aboard Florida high-speed rail project which was repaid in full and on time in July 2020; and
  • $130 million for a transit-oriented development project in Miami that is expected to reach maturity in July 2022.

 

CanAm is pleased to once again partner with FTAI to raise additional EB-5 capital for the second phase of the Jefferson Terminal project, which will construct additional storage, pipeline and marine capacity and related infrastructure to support Jefferson’s long-term contract with top refineries in the Gulf Coast region.

 

 

About CanAm Enterprises 

With 35 years of experience sourcing, underwriting and promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record, and a reputation of credibility and trust. CanAm has financed more than 60 projects and raised more than $3 billion of EB-5 capital. To date, more than $2 billion of EB-5 capital from more than 4,000 investor-families has been repaid by CanAm sponsored Regional Center Partnerships. CanAm exclusively operates seven USCIS-designated regional centers that are located in the City of Philadelphia, the Commonwealth of Pennsylvania, the metropolitan regions of New York and New Jersey, and the states of California, Hawaii, Florida, and Texas.

For more information, please visit www.canamenterprises.com.

2022-03-14T22:55:15+00:00

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