Funds came from 60 investors and almost entirely cover project's $34.5M
Rendering of the charter school and MG3 Development Group Principal Hernan Leonoff
Financing the development of charter schools with EB-5 funds may just be the next big thing in real estate.
MG3 Development Group recently scored a $30 million loan from an affiliate of GreenAccess, an EB-5 investment facilitator, to help fund the construction of a charter school west of Delray Beach.
County records show the loan covers roughly 24 acres of agricultural land along Lyons Road, north of Happy Hollow Road in unincorporated Palm Beach County.
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