EB5 Capital announced Sept. 4 that JF38 - Hutchinson Island Apartments, its 288-unit apartment project in Savannah, has fully repaid its EB-5 investor capital, with eligible investors receiving their full $800,000 back.
Why it matters
The repayment is the company's confirmation that a 288-unit Savannah apartment complex, built partly with foreign EB-5 investment and finished in 2025, met the federal program's job-creation and stabilization requirements; EB5 Capital says it is one of the first full project paybacks it has recorded since the 2022 EB-5 Reform and Integrity Act took effect.
What to watch
No new construction, ownership change, or permit was announced; watch for whether EB5 Capital or a local sponsor discloses the project's operator or files further Savannah-area permits.
Sources and documents6 sources
See an error, or have an update on this project? Tell Urban Savannah.
