Civitas EB-5 Capital ("Civitas") is pleased to announce that six (6) investor families in Civitas Phoenix Fund, LP, have received unconditional permanent United States residency through the City of Dallas Regional Center ("CDRC") and full repayment of their investment. The CDRC is a public-private partnership between the City of Dallas Office of Economic Development and Civitas.
Civitas Phoenix Fund, LP made an $8.5 million mezzanine loan to the El Fenix restaurant chain in Dallas, Texas, so the 97-year-old restaurant company could open four new restaurants and renovate three existing locations. Founded in 1918, El Fenix is the oldest family-owned Mexican restaurant chain in the United States. The loan was repaid in full in mid-2015.
"At Civitas, we are proud to have played a role in helping these investors complete the immigration process and also fully realize their investment," said Dan Healy, Chief Executive Officer of Civitas. "We are grateful to each of these clients for their trust in Civitas and wish these families well as they continue their lives in the United States. We look forward to delivering similar successes for our more than 1,000 investor families in the future."
Read more by clicking below image