Banyan Cay | May 2017

banyancayresort.com | 561.557.5840 2300 Presidential Way, West Palm Beach, FL 33401

Market Overview The Banyan Cay Resort and Golf community stands alone as the only newly planned Resort Hotel and Golf destination in Palm Beach, Florida. Banyan Cay will offer mixed residential homes including a choice of several models of detached single family luxury Estate Homes and Golf Villas.

The Banyan Cay Resort & Golf Club will provide residents with resort style amenities in a one all-inclusive non-equity golf community. The Developer has partnered with Noble House Hotels to develop, build and manage the 150 key 4 star Boutique hotel and golf course. The Noble House brand is unparalleled in the industry, a team of passionate hospitality professionals that strive for memorable guest experiences. Noble House’s Florida portfolio consist of sister resorts like famed Little Palm Island in the Florida Keys, LaPlaya Beach Resort in Naples and now, proudly adding Banyan Cay Resort & Golf in West Palm Beach.

Further anchoring the community is a Jack Nicklaus Signature Golf Course. Jack Nicklaus, a global icon and golf legend, will add to his worldwide collection of golf courses that span 41 countries and 39 states. The Banyan Cay Resort Hotel will offer world class amenities, consisting of fine dining, luxurious spa treatments, world class tennis and golf, providing a place to “see and to be seen” in a quality social atmosphere of domestic and international residents and guests.

FLO R I DA Palm Beach

West Palm Beach Overview Located along Florida’s Atlantic Ocean Coast, West Palm Beach offers visitors year-round excitement within easy reach of white-sand beaches and some of the nation’s most enticing waterways that are a paradise of never-ending activities and things to do. Palm Beach, its warm weather and proximity to the Atlantic Ocean is an ideal area to live and vacation. Its award winning school systems, upscale shopping centers and accessibility to the most desirable golf venues in the world make Palm Beach a sort out destination. West Palm now acts as one of South Florida’s premier cultural hubs of museums and art venues, including the Norton Museum of Art and the Kravis Center for the Performing Arts. With stunning lntracoastal views and constant sunshine, it’s hardly surprising that West Palm residents also enjoy being one with nature, while tranquil settings like Mounts Botanical Garden and Okeechobee Park connect travelers to West Palm’s beautiful surroundings.

Get your groove on along the waterfront at the five-day live music party -Sun Fest. Sample craft beers and appetizing food at any of our Wine, Dine & Brew events. Signature waterfront, a growing residential and business community , and phenomenal weather, Downtown West Palm Beach is one of the country’s most exciting and most desirable mid-sized cit ies in the nation. West Palm boasts a buzzing nightlife and high-end retail scene, thanks to popular areas like Clematis Street , Worth Avenue and City Place. Combine your love of sports and get up close and personal to your favorite golfer at the Honda Classic.

THE PROFESSIONAL GOLFER’S OF AMERICA The Professional Golfers’ Association of America (PGA), founded in 1916 and headquartered in Palm Beach Gardens, Florida, has approximately 28,000 professional golfers and coaches, and is the largest professional golf club in the United States. The association organizes the PGA Championship every year and selects the team to participate in the International Cup, one of the four professional golf tournaments in the world. PGA is essential to the popularity of golf, and has also led to the Palm Beach area becoming the center of the international golfing world.

WORTH AVENUE Worth avenue is an upscale shopping district located 5.6 miles from Banyan Cay. An enchanting resort destination in Palm Beach with European sophistication and inimitable style and grace, Worth Avenue is one of the most beautiful shopping venues in the country.

Moreover, it is lined with the most coveted super luxury boutiques including Chanel, Prada, Gucci and Tiffany’s. The Avenue’s romantic vias and celebrated boutiques offer the best of both resort and designer fashion, accessories, gifts, art, antiques, fine and casual dining in a captivating atmosphere rich with old world charm and historical glamour.

C L E M AT I S S T R E E T Clematis Street is the center of the original Downtown West Palm Beach business district. The area offers a creative and electric mix of restaurants, shops, apartments and luxury condominiums. Cabana Nuevo Latino, Pistache and E.R. Bradley’s Saloon are only a few names of the international flavors to experience. Frequently cited as the historic heart of Downtown West Palm, Clematis Street epitomizes the fun-loving atmosphere of the city. Beginning at the street’s intersection with Flagler Drive near the lntracoastal Waterway, many bars, shops and restaurants await visitors.

On Thursday nights, the street’s Centennial Square comes alive for Clematis By Night, which offers free live music from 6 to 9 p.m.

KRAVIS PERFORMING ARTS CENTER The Raymond F. Kravis Center for the Performing Arts is one of the premier performing arts center on the Eastern Seaboard. In addition to the Center presenting acclaimed artists from every discipline, regionally based arts organizations present their seasons and call the Kravis Center their home including Miami City Ballet, Palm Beach Opera, and Palm Beach Pops.

Established as a leading force in the social fabric of the community, its many outreach programs are as broad and varied as the community itself.

CELEBRITY LIVING

Palm Beach 1

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DONALD TRUMP

TIGER WOODS

RUSH LIMBAUGH

The president of the United States.

American professional golfer and the highest paid athletes in the world.

American entertainer, Radio talk show host writer, Conservative political commentator.

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CELINE DION

ROD STEWART

French Canadian singer and businesswoman.

British rock singer and songwriter .

VENUS & SERENA WILLIAMS American professional tennis players.

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Project Overview Banyan Cay Resort & Golf is currently the largest redevelopment in the City of West Palm Beach, Florida.

This private enclave is bounded by nearly 4,000 linear feet on Congress Avenue and waterways that provide an exquisite backdrop to hotel , golf course and residential homes.

BA N YA N C AY R E S O RT CO N S I S T S • • • • • • • • •

51 single family Estate Homes 24 luxury Golf Resort Villas 150 Room Hotel 130 Acres Signature Golf Course redesigned by Jack Nicklaus New Club House with world-class spa and fine dining Tennis Center Tower pad to build a future 200 unit high -rise condominium tower Each resident will have access to the hotel and golf venues Resident members can access these amenities without an initiation fee which can be renewed annually.

The Hotel Brand Noble House Hotel & Resorts is an high-end boutique resort brand in the U.S. that creates a luxurious resort experience that harmonizes with the local culture and environment. This innovative strategy adds value for its partners and investors.

NOBLE HOUSE HOTEL RESORTS • • • • • • •

Team of passionate hospitality professionals.

Third best resort in the USA. Twelfth best resort in the world.

First place for their restaurant, The French Room at Adolphus Hotel, on the list of ”The Top 100 Hotel Restaurants”.

Third place for their restaurant The Dining Room at “Little Palm Beach Island Resort Spa”.

Second best family Resort in the U.S according to Travel and Leisure Magazine.

First Golf Resort in the Florida from 2010 to 2013.

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Location Overview The property is a 250- acre site located at 2302 Presidential Way, West Palm Beach, Florida. Less than 10 minutes from West Palm Beach International airport , City Place and Worth Avenue.

The Banyan Cay Resort is located in a TEA zone.

BA N YA N C A N B E N E F I T S F RO M S T RO N G DEMOGRAPHICS Nearly 1.5 Million people make Palm Beach County their permanent home.

Seasonal and second-home owners dramatically increase the base population for nearly six months of the year. Over 1.5 million people live within 30 miles of Banyan Cay and have an impressive average household income of $82,642. In 2015, 6.3 Million people visited Palm Beach County generating $7.1 Billion in overall economic impact.

W E S T PA L M B E AC H CO U N T Y TO U R I S M S TAT I S T I C S • • • • •

6.9 Million visitors annually.

4.3 Million hotel room nights sold.

Leisure travelers spend 3.5 nights and average $1,400 per stay.

Average visitor’s income is $94,000/year.

Prime tourism season is November-April.

The Homes Overview • • •

51 single family Estate Homes and 24 Golf Villas Every home owner shall have a built-in resort fee as part of their Master membership Homeowners’ Association (HOA) fee , providing access to hotel amenities, tennis center and golf course

The Tennis Center The Banyan Cay Tennis Pavilion provides a home to men’s and women’s tennis programs and features four (4) regulation -sized courts, a center walkway and a tennis club house .

The Golf Club A 8,000 SF full service golf clubhouse with lounge and grille room , member and guest locker facilities, multi-purpose function space and patio areas.

REAL DEMAND The golf course has more than 40 years of operation.

Jack Nicklaus redesigned 18 hole Signature course will increase demand.

The Golf Course Design NICKLAUS DESIGN • • •

Founded by golf legend Jack Nicklaus.

World’s leading golf design firm.

More than 390 courses open for play in 41 Countries and 39 States, most of these golf course were designed personally by Jack Nicklaus.

Jack’s philosophy of working closely with clients by enhancing the natural environment has created courses that are both challenging and enjoyable for players of all levels. Nicklaus Design, a team of the world’s most accomplished golf course design assoc iates, agronomists, industry consultants and experts in golf course construction and market ing has soared to the forefront of the industry. Just as Jack once raised golf t o a higher level, Nicklaus Design has elevated the standards of golf course design.

Strategic Partners Nobel House, a superior team with years of experience developing resort hotels, will be responsible for the entire development and construction of the Banyan Cay Hotel. Upon stabilization Nobel House will also be responsible for the management of the hotel and golf course.

Developer

Golf Courses

Golf Courses

Builder

Interior Design

Costume Design

Investment Overview C A P I TA L S TAC K

TOTA L F U N D I N G

36.14%

Developer’s Equity

34.71%

$172,857,000

Developer’s Equity

$62,463, 137

Senior Loan

$25,000,000

Senior Residential Construction Loan

$25,393,863

EB-5 Funds (Loan)

$60,000,000

EB-5 Funds

14.69% SRCL

14.46% Senior Loan

Senior Residential Construction Loan

J O B C R E AT I O N Required minimum new jobs

J O B C R E AT I O N • • •

1,200 Employment surplus 60.5%

The actual job creation

1,926

Operations Refinancing Sale of the properties

Project Highlights N O. 1 LO C AT I O N

CO N S T RU C T I O N S TA RT E D

Located in West Palm Beach, Florida, a world famous tourism area. Palm Beach is the ideal area to live with its strong employment base, extensive transportation network, quality of life, award winning schools, wealth of cultural and recreational amenities along with a bustling tourism industry. Palm Beach is home to the Professional Golf Assoc iation Headquarters (PGA). It is located in the heart of the golfing world.

Currently under construction with critical EB-5 jobs already being created.

SECURITY FOR PERMANENT GREEN CARD Because EB-5 jobs are already being created, investors can feel secure that they will receive their permanent green card.

SA F E E X I T S T R AT EGY

NO.1 MARKET One of Florida’ s wealthiest counties where many celebrities and high income individuals live. Twenty-five percent of the Forbes 400 wealthiest individuals spend their winters in Palm Beach, including President Donald Trump. With more than 40 years operation of the old club house, The President’s Club, there is a strong demand to update the old golf course and create an upscale hotel with luxury amenities.

TOP-LEVEL DEVELOPMENT TEAM The golf course is designed by golf legend Jack Nicklaus, who has created some of the top golf courses in the world. The hotel is developed

by Noble House Hotels & Resorts, ranked the #3 resort developer in America, who will also operate the hotel in the future.

Repayment will come from multiple revenue stream, including sale of property, hotel and golf course operations. At the time of the EB-5 loan horizon, EB-5 investors will be in “first position “ on the entire property.

PROFESSIONAL EB-5 MANAGEMENT TEAM American Immigration Group will manage each step of the EB-5 investment and immigration process. American Immigration Group has been involved with more than 10 major EB-5 projects and raising more than 700 million USD in EB-5 funds. American Immigration Group and Jack Nicklaus Design worked together on another EB-5 golf community in Florida with success .

Professional Management Teams The American Immigration Group is an EB-5 project development and management team. AIG develops EB-5 projects in America, working with top real estate developers and EB-5 attorneys and economists to bring the most secure EB-5 projects to the Chinese market.

DAVID FINKELSTEIN As the founder of the American Immigration Group, LLC (“AIG”), Mr. Finkelstein is responsible for the leadership and direction of the entire staff, both in the USA and around the world, to insure the success of fulfilling all project objectives especially as relates to the required United States Citizens Immigration Service (“USCIS”) EBS requirements. David Finkelstein, the Managing Principal of AIG, has been one of the architects of the EB-5 industry during the past eight years involved in real estate projects with over $700 Million of EB-5 funding.

JACQUELINE FINKELSTEIN-LEBOW Jacqueline has an extensive transactional experience in investment real estate spanning over twenty-eight years with expertise in capital raising, and development of core real estate assets including commercial, multi family and mixed use properties. As a Principal and Chief Operating Officer of American Immigration Group, Mrs. Finkelstein-LeBow assists in all of the firm ‘s efforts in managing the EBS process and is a fund manager with her partner David Finkelstein for various real estate projects throughout the United States. Mrs. Finkelstein has previously managed and directed Capital Markets and Investment Groups for several of New York’s most prestigious real estate companies including Helmsley Spear, and Trammel Crow. Mrs. Finkelstein-LeBow was instrumental in the funding and development of many notable development Projects in Manhattan that were converted from office to residential use, residential rental to condominium, or ground up development. Mrs. Finkelstein-LeBow ‘s family has many real estate holdings in some of Manhattan‘s finest real estate including land for development, five star hotels, and luxury condominium structures throughout Manhattan including ownership of one of the largest real estate brokerage and management firms, Douglas Elliman.

banyancayresort.com | 561.557.5840 | 2300 Presidential Way, West Palm Beach, FL 33401