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NYC Montage Entertainment Project - Introduction
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Project Details
The project is located in Manhattan, New York, the top city in the US.
The project will recruit 23 EB-5 investors.
The total EB-5 investment amount is US$11.5 million.
The EB-5 investment will be a loan model.
The project is expected to create 1,230 jobs
based on the economic impact report prepared by Dr. Michael Evans.
The project developers are ElieSamahaand Donald Kushner. Both are well-known producers in Hollywood.
They also own the famous TCL Chinese Theater.
The project includes three main investment elements::
A. Opening four Sugar Factory restaurants.
B. The production of a musical movie, Breaking Brooklyn.
C. The production of a Broadway Musical 3D Film and renovation of the theater to show the 3D film.
Project Element I -
Sugar Factory
Hollywood Stars’ favorite spot -Sugar Factory currently has 15 restaurant in US , which include candy shops and restaurants in New York, Chicago , Los Angles, Miami, and Las Vegas.
 
The Project will include four famous Sugar Factory restaurants-two of them have opened , the other two are expected to be opened in late 2016 and early 2017.
Project Element II -
Breaking Brooklyn Film roduction
Breaking Brooklyn-the movie has completed shooting, and it is now in post production process, which is expected to be released at the end of 2016.
 
Project Element III -
Broadway Musical 3D Film
The Broadway Musical 3D Film production: The film includes 16 classic Broadway Musical songs performed by famous Hollywood stars
 
 
Source of Fund & Use of Fund
 
 
Economic Impact Report
According the economic analysis from the economist: Dr. Michael Evans, the project will create 1230 new jobs.
 
Developers Background
Elieand Donald, the owners of Montage Films, are known for their movie productions in Hollywood, which includes TRON: Legacy, The Boondock Saints , Whole Nine Yards and etc. Aside from their prestigious reputations in the film industry, they are also developers in real estate sector.
Regional Center
NYC Metro Regional Center
General Partner
UMSRC,LLC
EB-5 Company
1991 Broadway Lenders, LLC
Developer
1991 Broadway Theatre Group, LLC
 
 
 
 
Introduction of the project                                                                                                                                                                       
The project is located in Manhattan, New York, the top city in the US and includes three main investment elements:
 
1.  Opening four Sugar Factory restaurants:
The Project will include four famous Sugar Factory restaurants-two of them have opened, the other two are expected to be opened in late 2016 and early 2017.
Hollywood Stars’ favorite spot -Sugar Factory currently has 15 restaurants in US, which include candy shops and restaurants in New York, Chicago, Los Angeles, Miami, and Las Vegas. Celebrities such as Kylie Jenner,Kendall Jenner,Britney Spears,Drake,Nicole Scherzinger,Kim Kardashian,Eva Longoria and Rupert Grint always visits Sugar Factory.
 
2. The production of a musical movie, Breaking Brooklyn
The movie has completed shooting and post-production process and is expected to release overseas. The producer is planning to promote the movie in Festival de Cannes.
 
3. The production of a Broadway Musical 4D Film and renovation of the theater to show the 4D film.
The theatre will be renovated for 4D Broadway Musical films. The film includes 16 classic Broadway Musical songs performed by famous Hollywood stars: Harry Potter series actor Daniel Radcliffe, X-Men Origins: Wolverine actor Hugh Jackman, famous singer Usher and Christina Aguilera.
Background introduction
Elie and Donald, the owners of Montage Films, are known for their movie productions in Hollywood, which includes
 
TRON: Legacy, The Boondock Saints, Whole Nine Yards and etc. Aside from their prestigious reputations in the film industry, they are also developers in real estate sector.
 
Elie owns the famous TCL Chinese Theater, which locates on the Hollywood Blvd. Elie and his business partner took over the theater and had done a thorough renovation. Besides, TCL Chinese Theater is sponsored by TCL Company in China. TCL Chinese Theater has always been the venue for the premier of Hollywood blockbuster, and the world famous Hollywood Walk of Fame can also be found here. Elie is also the founder of Sugar Factory.
Project total costs   
US$ 81,780,000
Capital investment by the Borrower
US$ 62,780,000                         <76.77%>
Subsidy from New York state government
US$ 4,000,000                          <4.89%>
Construction Loan US$ 3,500,000                          <4.28%>
EB-5 Loan
US$ 11,500,000                          <14.06%>
EB-5 investment per unit US$ 500,000                         
Collectively known as Subscription Proceeds
(US$ 550,000)
Issue Fee US$ 50,000
Investment return
2.00% per annum
Term of EB-5 Loan
5 years (with 2 one-year extensions)
Number of investors 23
Job requirements
230
Job creation
1,230
<including 600 jobs required in phase I of the project; Total number of job creation has 48% buffer >
Release of Escrowed Funds to the Limited Partnership Upon receipt of I-526 petition receipt notice.
I-526 Petition Denial
I-829 Petition Denial
Full refund of $500,000 contributed by such Limited Partner; and partial refund of $50,000 issue fee depending on the reason why the petition is denied.
Note: This document is for reference only, all terms are subject to written contract.