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VAYK Confirmed Its Eligibility for $1.8 Million Investment through Federal EB5 Program
VAYK Confirmed Its Eligibility for $1.8 Million Investment through Federal EB5 Program.
About this update from Vaycaychella Inc.
[{"type":"text","content":"\n\n\n\nVAYK Confirmed Its Eligibility for $1.8 Million Investment through Federal EB5 Program\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nVAYK Confirmed Its Eligibility for $1.8 Million Investment through Federal EB5 Program\nPR Newswire\nDALLAS, April 11, 2024\n\n\n\nDALLAS, April 11, 2024 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) (\"VAYK\") today announces that the company has confirmed with legal experts of its eligibility for $1.8 million investment under a federal program widely known as EB5.\n\n5 Year Interest-Free Loan to Be Paid Back over 10 Years after Maturity\nEB5 is a legal immigration program created by U.S. congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under this program, investors (and their spouses and unmarried children under 21 years old) can acquire lawful permanent residence (known popularly as \"Green Card\") in the United States if they: 1) make $1.8 million investment in a commercial enterprise in the United States; and 2) plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.\nVaycaychella has reached out to foreign investors who may be interested in providing $1.8 million to the company for the purpose of developing its short-term rental (Airbnb) project in downtown Atlanta. Vaycaychella expects that the $1.8 million will be invested as zero-interest loan for a term of 5 years, and the company will pay back the loan starting from 5 years later, at a interest rate favoring the company, over a period of another 10 years. In exchange, Vaycaychella will work with the investor to secure EB5 green cards for its family. The final terms and conditions of the investment is subject to the negotiation between Vaycaychella and the prospective investor.\n$157 Million Federal Funds for Neighborhood Development Project \nVaycaychella made the announcement after the grant of $157 million dollar of federal funds, to a downtown Atlanta project called \"the Stitch\" ( https://www.wabe.org/feds-award-157m-grant-to-reconnect-atlanta-neighborhoods-wi...