CanAm announces closing of $135 million construction loan and $38 million preferred equity investment with JEMB Realty for 11 Ocean Parkway on Prospect Park

New York, New York — CanAm Enterprises (“CanAm”) continues to leverage its strong industry relationships and unique market insights in investment opportunities that we believe brings new value to its investors. The latest example is the premium mixed-use project at 11 Ocean Parkway in New York.

Situated directly on Brooklyn’s Prospect Park, 11 Ocean Parkway will consist of 375 luxury rental apartments, parking, retail, and a community facility.  Wells Fargo closed on a $135 million construction loan in addition to CanAm’s $38 million investment in the project. Construction on the project is underway and anticipated to be completed in 2024.

CanAm’s investment was uniquely structured to accommodate the investment requirements of two groups of investors. The first was a group of EB-5 investors whose original capital investment had been repaid but needed to safely reinvest (‘redeploy’) their capital to meet the requirements of the program due to visa backlogs. A second group of investors are conventional private equity investors within CanAm’s investor pool who are seeking attractive returns in a secure investment over a shorter time horizon. The latter group of investors are being identified through an offering made by CanAm’s private equity affiliate company, CanAm Capital Partners, LLC (CACP).

“We were pleased to structure this investment in a manner that helps protect our existing investors while offering a compelling opportunity to a new group of investors,” said John Reid, Project Director at CACP.  “The final terms of the $38 million investment were also structured in a manner that satisfied Wells Fargo’s stringent underwriting requirements. We are pleased to end with a structure that’s a win for the project, our investors, and JEMB Realty, a sponsor we’ve worked with previously and who we greatly  respect.”

The project sponsor, JEMB Realty Corporation, is a New York City-based real estate development, investment and management firm that has been family owned and operated for three generations.

CanAm is one of the leaders in the EB-5 industry. The company and its affiliate partners have raised more than $3.5 billion of capital for 80 investment projects in metropolitan areas throughout the U.S.

CanAm remains keenly focused on identifying projects and investments with quality sponsors. Across its three lines of business, which include its EB-5 investment program, redeployment investment platform, and private equity real estate investments, CanAm has capital ready to invest for qualifying shovel-ready projects.


About CanAm Enterprises 

With 35 years of experience sourcing, underwriting and promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record and a reputation of credibility and trust. CanAm has financed more than 60 projects and raised more than $3 billion of EB-5 capital. To date, more than $2 billion of EB-5 capital from more than 4,000 investor-families has been repaid by CanAm sponsored Regional Center Partnerships. CanAm exclusively operates seven USCIS-designated regional centers that are located in the City of Philadelphia, the Commonwealth of Pennsylvania, the metropolitan regions of New York and New Jersey, and the states of California, Hawaii, Florida, and Texas. For more information, please visit

About CanAm Capital Partners

A private equity affiliate of CanAm Enterprises, CanAm Capital Partners (“CACP”) makes project-level capital investments in real estate and other assets. CACP’s investment strategy focuses on geographies and assets where CanAm has informational, operational, and other competitive advantages. CanAm identifies and partners with mid-sized and regional operators who are specialized by asset type and/or geography and have proven to be experts in their niche with the capacity and potential to successfully execute on their proposed projects, including multifamily apartments, commercial space, mixed-use buildings, hotels, and private equity funds.

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