Brevet Capital Announces I-829 Approval for the JW Marriott Bonnet Creek Resort & Spa

Marks successful completion of EB-5 immigration process for the landmark Orlando luxury hotel project

NEW YORK--(BUSINESS WIRE)--Brevet Capital (“Brevet”), a leading alternative credit, specialty finance and asset-backed finance firm, today announced that U.S. Citizenship and Immigration Services (“USCIS”) has approved the first I-829 Petition to Remove Conditions on Permanent Resident Status for an investor in the JW Marriott Bonnet Creek Resort & Spa project in Orlando, Florida. The approval was secured through BC Immigration Fund LLC (“BCIF”), the SEC-registered investment vehicle managed by Brevet Capital, four months from the date of original filing.

I-829 approval for this project represents the final step in the EB-5 immigration process, which allows foreign nationals to obtain U.S. permanent residency through qualifying investments in job-creating commercial enterprises. It verifies that the project successfully meets all program requirements, including the creation of the requisite number of qualifying jobs. With this approval, the investor and their eligible family members are expected to receive unconditional permanent resident status in the United States.

“This first I-829 approval is a significant milestone for BCIF and our investors,” said Joan Hull, Director of EB-5 Capital Development at Brevet Capital. “We look forward to continuing to demonstrate the real benefits the EB-5 program delivers both at the JW Marriott Bonnet Creek and across our portfolio.”

The JW Marriott Bonnet Creek Resort & Spa is a 516-room, 18-story luxury hotel located inside the gates of Walt Disney World in Orlando, Florida, one of the most visited destinations in the world. The property features over 50,000 square feet of meeting and banquet space, a luxury spa, specialty restaurants, resort pools, and a rooftop terrace with direct views of the nightly fireworks. The $282 million project was developed by Schar Holdings, constructed by PCL Construction Services, and designed by Huitt-Zollars.

The I-829 petition is the final step in the EB-5 process, requiring investors to demonstrate that the investment was sustained and the required jobs were created throughout the conditional residency period. For more information regarding the EB-5 Immigrant Investor Program, please visit the official U.S. Citizenship and Immigration Services (USCIS) website at: https://www.uscis.gov/working-in-the-united-states/permanent-workers/eb-5-immigrant-investor-program.

About Brevet Capital

Headquartered in New York, Brevet Capital applies an asset-based finance strategy focused on assets supported by government payments versus corporate cashflows. Brevet Capital originates and structures customized financing solutions that facilitate borrower growth initiatives that benefit from participation in government economic and innovation-based development programs. Since its inception, Brevet Capital has advised and structured over 150,000 transactions and over $20 billion. Brevet Capital has a more than 25-year track record of partnering with U.S. federal, state, and international governments to provide unique financing solutions. For more information, please visit www.brevetcapital.com.

Disclaimer

This press release is provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities or investment products managed by Brevet Capital Management, LLC or BC Immigration Fund LLC. Any such offer or solicitation will be made exclusively pursuant to a confidential private placement memorandum and related offering documents, which contain important information regarding the risks, fees, and expenses associated with the investment.

Registration with the United States Securities and Exchange Commission (“SEC”) as an investment adviser does not imply a certain level of skill or training. Past performance is not necessarily indicative of future results, and no projection, representation or warranty is made regarding future performance. All investments carry risk, including the potential loss of principal invested.

Nothing contained herein constitutes legal advice. An attorney should be consulted regarding the EB-5 immigration process.