New Delhi, February 19, 2025: CanAm Enterprises, a multinational investment management firm with a strong track record in immigration-linked investment funds and private equity, is pleased to announce the successful repayment of the $215.5 million EB-5 loan for The Spiral, a Class-A office tower located in Manhattan’s Hudson Yards. This milestone marks not only the completion of an impressive real estate project but also signifies CanAm’s historic achievement of repaying $2.5 billion in EB-5 capital to investors. This accomplishment is particularly significant for Indian investors who are increasingly viewing the EB-5 Immigrant Investor Program as a reliable route to U.S. residency and wealth diversification. Developed by Tishman Speyer, The Spiral is a 2.8 million rentable square-foot, 1,000-foot-tall office tower that represents the future of workspaces. With prestigious tenants such as Pfizer, Turner Construction, and Debevoise & Plimpton, The Spiral boasts a remarkable 95% occupancy rate.
The Spiral project, which involved an investment of over $3.41 billion and resulted in the creation of more than 18,450 jobs, stands as a prime example of how EB-5 capital can drive economic growth. CanAm’s $215.5 million loan to the project, backed by 431 EB-5 investors, has not only facilitated its development but also assisted families worldwide, including many from India, in achieving their U.S. residency goals. India consistently ranks among the top countries for EB-5 visa applications, with Indian families seeking U.S. residency for enhanced education, career opportunities, and business expansion. The EB-5 program offers a structured and transparent pathway to obtaining a U.S. Green Card through job-creating investments.
Piyush Gupta, Vice President – India and Middle East, CanAm Enterprises, highlighted the importance of this milestone stating, “The repayment of The Spiral loan is a victory for both CanAm and our investors, many of whom are from India. This milestone reinforces our commitment to ensuring timely and secure returns while assisting Indian families in securing their future in the U.S. With a growing number of Indian applicants opting for the EB-5 route, CanAm’s track record of $2.5 billion in repayments serves as a testament to our reliability and investor-first approach.”
For Indian investors, the EB-5 program offers unique advantages, especially amid tightening immigration policies around traditional visa categories like H-1B. Unlike other employment-based routes, EB-5 provides greater flexibility by allowing investors and their families to live, work, and study anywhere in the U.S. without employer sponsorship. The reaching of $2.5 billion in repayments is an achievement unmatched in the EB-5 industry. This milestone underscores CanAm’s unwavering commitment to investor trust, financial stability, and delivering high-quality projects. For Indian investors considering EB-5, the time to act is now. The recent changes in U.S. immigration policies, coupled with CanAm’s proven track record, make this an opportune moment to explore EB-5 investments.