Mammoth Obsidian Rural EB-5 Project
An $800,000 investment in US real estate through the EB-5 program is the fastest path to a US green card for foreign investors and their families. We invite you to learn more about why our team and our latest I-956F APPROVED rural EB-5 project, The Obsidian Mammoth Lakes, California, can help immigrant investors achieve their United States immigration goals with USCIS EB-5 priority processing.
California's Premier I-956F Approved Rural EB-5 Project
Mammoth Obsidian Phases 2 & 3.
Located just two minutes from Mammoth Mountain, California, The Obsidian Phase II and III Rural EB-5 project is a development of 73 Luxury Townhomes on the Sierra Star Golf Course, a short walk from California’s finest skiing and outdoor areas. The Phase II and III Obsidian development follows on the success of developer Mark Rafeh’s Phase I Obsidian project next door. This rural project allows for USCIS EB-5 priority processing and EB-5 investors are directly collateralized by the residential properties themselves.
PRIME RURAL TEA LOCATION
The project's rural TEA status allows for priority processing of EB-5 investor's I-526 applications. Unique Offering combining Rural EB-5 with Luxury Residences in California’s best ski and outdoor destination.
GREEN CARD & CAPITAL SECURITY
EB-5 Loan is directly collateralized by the physical properties. Upon payback of senior loan, EB-5 loan becomes senior lender and will be paid back in as little as 3 years. Over 17 jobs created per EB-5 investor through construction activities alone, nearly 2x the number of USCIS required EB-5 jobs.
FULLY UNDER CONSTRUCTION
All financing has been secured and construction has started. EB-5 funds will only replace existing bridge financing. Phase 1 of the project has SOLD OUT and Phase 2 is nearly sold out at an average sales price of over $2 million per townhome.
USCIS I-956F APPROVAL
USCIS has reviewed and approved the project's I-956F application. Paraprin Capital has a 99.5% approval track record on over 200 EB-5 investor applications. Developer Mark Rafeh has proven track record across 29 projects and has also successfully executed in Mammoth having sold out Obsidian Phase 1.
Mammoth Obsidian Phases 2 & 3
Rural TEA location in the heart of California's premier ski and outdoor destination.
- Project Summary & Location
The Obsidian Phase II and III Rural EB-5 project is a 73-unit luxury residential development in Mammoth Lakes, California. Nestled on the Sierra Springs golf course, just steps from Mammoth Mountain Village’s shops and skiing, Obsidian offers year-round outdoor adventure with luxury amenities like concierge service. Mammoth Mountain is California’s top ski destination, boasting the most snow, largest terrain, and longest season in the state. It's also just a 45-minute drive from Yosemite National Park, making it a popular spot for hiking, fishing, and mountain biking. Building on the success of the sold-out Phase I, Phases II and III feature upgraded amenities and design. Residents across all phases enjoy access to a private mountain shuttle, pool, sauna, game room, and more, located just 1 mile from Mammoth Mountain Ski Resort.
- Project Development Team
Founded in 2011, developer Mark Rafeh's ProMark Investments' focus across nearly 30 projects has been to make strategic investments in select real estate markets to achieve attractive returns while developing projects that complement the local communities in which they reside. ProMark Investments has vertically integrated the entire development and management process resulting in an extremely high level of control and more predictable execution across all project phases and multiple project types.
- EB-5 Sponsor & Regional Center
Founded in 2011, Paraprin Capital has helped nearly 200 EB-5 investors and their families, across 8 EB-5 projects, obtain their US green cards and have funded over $1 Billion of commercial real estate development projects. Paraprin maintains a 99% approval track record on all I-526 and I-829 applications and has multilingual staff in offices in the US, Latin America, China, Vietnam, and India.
Secure your United States Residency TODAY.
An $800,000 investment in the Obsidian Mammoth Lakes EB-5 project is your fastest route to securing a U.S. green card. As an I-956F approved rural development, Obsidian offers immigrant investors priority USCIS processing, while providing exclusive access to luxury living in California’s premier year-round destination. Learn more about how our team can help you achieve your U.S. immigration goals through this exciting EB-5 opportunity.