Benefits

• $500,000 investment.
• Ownership of a condominium unit and parking space in A 784 bay garage.
• Guaranteed 5% annual return.
• Hassle free property investment; returns deposited directly to bank accounts in China or the U.S.
• Four weeks annual unlimited use of the unit and water park for family and friends.

 

What You Get for Your Investment $500,000 Investment?

• USA green card

• 100 % ownership in selected condominium unit and one designated parking space in the garage at Big Elk Resort.  Current value $435,000, value does not include furniture package estimated at $35,000 (see certified appraisal).  The value of the property is anticipated to increase as the project is developed.

• The condominium can be sold at the completion of construction to recoup your investment or held as an investment property for annual cash flow and capital gain.  You will receive ownership of your condominium at the end of the construction period estimated at 2 years from the time of investment. 

• As a property owner at Big Elk Resort you and your family and friends get to stay for up to 4 weeks annually at no cost. 

• The Big Elk Resort development includes 400 condominium units, a $30 million indoor water park, amusements, restaurants, retail, attractions and a 746 bay parking garage all on site. 

• The condominiums and water park will be professionally managed and operated as a Resort Hotel by American Resort Management / Big Elk Resort LLC.  See web site www.Americanresortmanagement.com

• The investor is guaranteed a return of 5 % per annum for the first five years of property ownership, after the initial five years the condominium owners can place their units on the overnight rental program run by American Resort Management and receive income from the nightly rental of the unit.

• The returns from the property will be deposited to the investor’s accounts in USA or China quarterly offering the investor a management free investment.

• There will be no additional expenses by investors after the initial investment. All Condo association, Taxes, and Insurance will be paid by the management company.

 

Big Elk EB-5 Green Card Program Process

The USCIS requires that the individual EB5 investor looking to receive a Green Card invest $500,000 in an American business or corporation that creates 10 new jobs per investor.  Big Elk Resort LLC is the American corporation that the 400 investors will invest in and become a partner in.  Please see www.EB5-Invest.com for complete summary.

The development site for the Big Elk Resort was assembled in December 2008 after three years of work to secure all government approvals and permits to construct the resort. Currently all demolition, grading, streets and underground utility work has been completed. The land and improvements are currently owned by Gateway Gatlinburg L.P. (see 9 ownership deeds). 

Gateway Gatlinburg L.P. will transfer ownership of the land to Big Elk Resort LLC at the time construction commences or before. 

The American General Partner team, REDTlp,  www.REDTlp.com of Big Elk Resort LLC will oversee construction and management of the resort for the corporation. Through the construction and operation of the Resort both the required direct and indirect USCIS jobs will be created (see economic and job analysis by EPR Economics)

The  investors will be required to place $35,000 in the expense escrow account with RBC bank.  In the event the project does not commence the $35,000 will be refunded to each investor. (See USCIS approved Offering Memorandum prepared by the American Securities and Exchange attorney).

The next step is for each of the Investors to hire a US attorney then prepare and hand in the I-526 application.  At this time the investors will be required to deposit an additional $500,000 into the project escrow account at RBC Bank.  After the investor’s I-526 application is completed and upon approval of the I-526, the $500,000 will be released from escrow and be available for the construction of the Resort.  If the I-526 petition is not approved, they will be refunded $535,000.  (See Private Placement Memorandum Section C The Subscription Procedure for more detail)

Once construction is completed and the investor has received approval for their I-829 application to remove the condition on their conditional green card the investor can elect to sell their limited partnership interest in the partnership or elect to be distributed a condominium unit in the Resort in return for the transfer of the partnership share to the Big Elk Resort LLC.

The investor is guaranteed a return of 5 % per annum for the first five years of property ownership, after the initial five years the condominium owners can place their units on the overnight rental program run by American Resort Management and receive income from the nightly rental of the unit.

Each Investor is free to sell their unit or keep it and enjoy the cash flow and price appreciation. For those who keep their units they will have the full use of the unit for themselves or friends for four full weeks out of the year at no cost.  Distribution of available cash flow will occur each quarter with a check being sent to the Investor or their bank account.