Rainbow Paseo, LLC is the recipient of the EB-5 loan and run by Mr. John Murtagh. John K. Murtagh is a successful developer, investor, and manager of real estate development & construction projects. Through various affiliates, Mr. Murtagh has been responsible for the construction & development of over $1 Billion in real estate since 1991.
Completed developer projects include over 5,000 homes, 2,000 apartment units, 500,000 square feet of commercial, medical office and retail space, as well as several master-planned communities in New Mexico, Nevada, and Oklahoma.
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The Regional Center
Woodmont Regional Center owns and operates a USCIS approved EB-5 Regional Center for the Albuquerque, New Mexico area which includes Bernalillo, Sandoval, Torrance & Valencia counties. We raise capital from foreign investors to finance job-creating residential, multi-family and single family real estate development projects.
Woodmont Regional Center is uniquely positioned to offer a wide array of real estate investment opportunities to EB-5 Immigrant Investors. We have decades of real estate development experience in the Albuquerque and Santa Fe, New Mexico markets, as well as Las Vegas, Nevada. The principals of the Woodmont Regional Center are ideally suited to identify, underwrite and market well-positioned real estate projects.
The EB-5 Visa Benefits
Congress created the EB-5 program in 1990 to benefit the U.S. economy by attracting investments from qualified foreign investors. Under the program, each investor is required to demonstrate that 10 new jobs were created as a result of the EB-5 investment.
- Foreign investors working with a designated regional center are given priority by the USCIS
- Family members of EB-5 investors (including spouse and unmarried children under the age of 21) receive green cards
- Investors and families have the freedom to live, work and retire anywhere they choose in the United States
- Investors may apply for full US citizenship after 5 years
Project Exemplar Approval
EB-5 Project Materials
Pre-Approved for Investor I-526 Applications
Owned Land as Collateral
EB-5 Financing first position on
110 Acres of Land
EB-5 Job Creation
200% JOB CREATION CUSHION
Jobs Already Being Created by The Trails Project
Ongoing Cash Flow
Sales of Lots, Homes and Apartments
Phase 2 of 4 Total
Phase I Completed and Sold Out
for ‘The Trails’ Master Planned Community
HUD Financing in Place
The Trails apartments fully financed by The United States Department of Housing and Urban Development
The EB-5 Project
The Project is the second phase of the “Trails Master Planned Community,” a planned, multi-phased mixed-use development to a previously undeveloped tract of 450 acres in Albuquerque, New Mexico.
The Project will feature a minimum of 128 homes, 506 apartments and 215 improved lots in Albuquerque, New Mexico. Phase 1 has been completed and included 700 homes, 200 lots and 260 apartment units.
When completed, The Trails community will comprise a total of 1,500 residential homes, 2,100 apartment units and 75,000 sq. ft. of commercial space to a previously undeveloped tract of 450 acres.
Travel & Leisure's Top 50 Best Places to Travel in 2018
Rising above its associations with the annual hot-air-balloon festival, Albuquerque will this year set out to prove itself as a fully-fledged destination. The Sawmill District, just north of the historic Old Town, is being revived as a creative center, anchored by the arrival of the Hotel Chaco. The design of this boutique property, which opened in April, is inspired by the state’s indigenous culture, with handmade Navajo wool textiles and pueblo-inspired motifs. Come spring, downtown ABQ will also see the arrival of a new entertainment hub: the $40 million One Central, which will have a sleek bowling lounge, as well as upscale stores and restaurants. And just outside town, visitors will soon be able to experience the striking Sandia Mountains in a nail-biting new way. The proposed Mountain Coaster, an alpine sled-style ride that plunges riders down the mountainside in a total vertical drop of 380 feet, is due to open this fall. Getting to Albuquerque is becoming even easier, thanks to new nonstop flights from major U.S. cities via Southwest, United, and Alaska Airlines. — Melanie Lieberman T+L
Targeted Employment Area
Governor Susana Martinez of the New Mexico Department of Workforce solutions certifies the Trails EB-5 Project census tracts as a Targeted Employment Area (TEA). The Census Tract exceeds the 150% average annual rate and qualifies for lowered investment amount of $500,000. Boasting an area of 1,169 square miles, Bernalillo County contains the Albuquerque metropolitan area, covering a total area of 181.3 square miles and is located on a high, semi-arid plateau. The Rio Grande River divides the city into east and west sides; the city is further bisected by two major interstate freeways, the I-25 (north/south) and the I-40 (east/west). Historic Route 66 also runs through Albuquerque.