CiF lauded for global success has pumped nearly $150 million of foreign investment into northeast ohio

CiF was honored to be named the 2013 RegionalCenter of the Year by Artisan Business Group’s EB-5 News Blog (eb5news.blogspot.com). CiF was selected from a pool of more than 400 Regional Centers operating in the US and our official press release can be read here.

CiF congratulates the other category winners, especially our industry partners Miller Mayer, LLP (EB-5 Immigration Law Firm of the Year) and NES Financial (EB-5 Service Provider of the Year).

The 2013 EB-5 Annual Award announcement and full list of winners can be found on the EB- 5 News Blog, linked here.

CiF @ Ruth Ratner Miller Award Luncheon

This past Friday CiF’s staff attended the Ruth Ratner Miller Award Luncheon, an event organized by the Downtown Cleveland Alliance. The RRM award was presented to Ms. Iris Wolstein and Mr. Scott Wolstein in recognition of their leadership roles in the Flats East Bank Project.

Kristen Laughlin & Stephen Strnisha lead online presentations at CDFA

This past week, two of CiF’s senior executives lead online presentations about the USCIS EB-5 program; offering advice and guidance to new entrants to the EB-5 marketplace. CiF Chief Marketing Officer Ms. Kristen Laughlin spoke about locating EB-5 investors and best practices when working with migration agents while CiF CEO Mr. Stephen Strnisha lead a presentation on incorporating EB-5 funds into a project’s capital stack, using the recently completed first phase of the Flats East Bank development as an example.

CiF relocates its global headquarters

Cleveland International Fund has relocated its global headquarters to downtown Cleveland! Our US offices are now located at 1240 Huron Road East, in Suite 420. For those of you familiar with the area, this puts our offices in the heart of Cleveland’s Theatre District, almost directly across the street from Playhouse Square.

As an added benefit, CiF now shares a building with COSE (Council of Small Enterprises), the Greater Cleveland Partnership (the area’s Chamber of Commerce), Cleveland Development Advisors, United Airlines, and other great organizations. We are excited to be working in close proximity with other groups that help catalytic development projects succeed in Cleveland.

Flats East Bank Phase 1 - Fully Funded

Cleveland International Fund is pleased to announce that we have completely funded the $45 million USD EB-5 loan to the Flats East Bank project. Located in downtown Cleveland, the first phase of the Flats East Bank consists of building a new Aloft Hotel, attached retail space, and the 22-story Ernst & Young Office Tower.

The 90 EB-5 investors that participated in CiF’s Flats East Bank Project have all been approved by the USCIS.

CiF was designated by the USCIS to operate as an EB-5 Regional Center in 2010.