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Describe your image
Describe your image
The Problem:
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As of this writing we have 60,000 new asylum seekers in New York City.
That is in addition to more that Two and one half million (2,500,000) Latinos already in the city. Almost all these people need a home of their own.
The solution is the 5 Borough EB5 program a modular apartment project projected to have ten (10) lanes with each of the Ten (10) lanes being individually operated, under a long term master lease (Franchise) by EB5 investors, referred to as EB5 Landlords. The EB5 Landlord will own the completed apartment units and manage all aspects of leasing and managing the units final assembly and installation on real property.
Target Market:
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The 5 Borough EB5 is marketed to individuals who seek E5 visas. The program will focus on providing low income housing to minority tenants.
Two and half million Latinos who need a home and have sufficient income to afford a modular home when aided by the City of New York
FHEPS rental assistance program. Full FHEPS details are in the prospectus.
THE SOLUTION:
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5 Borough Development EB5 was created to fabricate 1 and 2 bedroom modular apartments in a multi lane manufacturing facility, similar to the one shown above. Each facility will have up to ten (10) manufacturing lanes. Each lane will be a separate manufacturing entity (Ten (10) INDIVIDUAL BUSINESSES) fabricating modular apartments for various non-aligned partnerships throughout New York State, Pennsylvania, New Jersey and Connecticut created to utilize a series of 100 unit apartment complexes. The completed modules will be assembled on site, to create one and two bedroom modular homes. In addition to fabricating and assembling the modular units, 5 Borough EB5 will also train immigrants to work on the assembly and fabrication of the modular unit in the new factory facility which is a part of this program, (See prospectus for full details).
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Business Model:
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5 Borough EB5 will focus on renting the units to low-income tenants. The expected upfront fabrication, and assembly costs are projected at $110,000 per modular unit. The finished modular unit value is set at $350,000. Construction, transport, and land costs are not factored herein.
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The EB5 Landlord will have a continual flow of work on his/her lane as the non-aligned partnerships will provide a continuing need for modular units.
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All required financing of modular units will be arranged via the managing members factoring operations. See: Lane composition set forth infra.
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MARKETING and SALES PROJECTIONS:
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5 Borough Development will initially focus on renting the units to Latino Immigrants in the Queens, New York area. Thereafter the program is projected to expand in the tri-state area via non-aligned real estate partnerships. The program will be open to all people needing housing on a first come, first served basis. The tenant DOES NOT have to be a Latino.
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The EB5 lane holder does not have any interest in or income from the modular units after the unit leaves the plant.
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TEAM:
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5 Borough Development is led by Rolando Bini. Mr. Bini has more than 25 years in the Latino Civil Rights Community. On the home page of the website (click here) you will see movies featuring Mr. Bini, and links to Mr. Bini's life story, news stories, and program news.
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FINANCIALS:
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5 Borough Development is a newly formed BLIND POOL and as such has no operating or financial history, (See: Prospectus for full details).
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COMPETITION:
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5 Borough Development has no competition in the affordable housing sector, related to fabrication and assembly of MODULAR low income housing.
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10 LANE COMPOSITION:
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[1] Structural Framing Interior & Exterior walls and ceiling
[2] Plumbing
[3] Electrical
[4] Heating and cooling HVAC
[5] Roof
[6] Windows and doors
[7] Kitchen
[8] Bathroom
EB5 lane owners are paid for their cost of manufacturing with a 15% override above costs.
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It is projected that a minimum startup production of 6 units per month per lane wherein the override will be $16,500.00 per unit equaling $99,000.00 per month. This minimum rate returns the EB5 holders $800,000.00 investment in eight (8) months.
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Finished units are sold to each construction project. The Lane owners do not own the finished units as the units are owned by the project. Upon delivery the lane holders receive payout set forth supra for each unit
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USE OF PROCEEDS:
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5 Borough Development will use the proceeds of this offering in 4 steps.
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STEP ONE:
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Lease of a manufacturing facility, including construction equipment, and hand tools.
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STEP TWO:
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Training of immigrants and asylum seekers in construction related tasks to work in the manufacturing facility under direction of highly skilled master craftsmen.
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STEP THREE:
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Fabrication of one (1) and two (2) bedroom modular apartments.
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STEP FOUR:
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Transport to future site and assembly of a one hundred unit building.
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PLEASE READ THE PROSPECTUS FOUND ON THE HOME PAGE OF THE WEBSITE, (click here) FOR FULL DETAILS, EXPLAINING EACH PORTION OF THIS PITCH DECK.
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