The Statue of Liberty silhouetted against a soft, cloud-streaked dusk sky in New York Harbor. Stand-in (Unsplash, Koushalya Karthikeyan).

EB-5 platform built around transparency and execution.

New Course EB-5 combines Regional Center sponsorship with a vertically integrated development platform designed to enhance transparency, execution, and alignment for EB-5 investors.

Integrated Approach to EB-5

Unlike many EB-5 programs that sponsor third-party developments, New Course takes an integrated approach to EB-5 where capital is deployed exclusively into projects developed, financed, and overseen within the enterprise platform itself.

This structure creates direct alignment between the EB-5 program and the underlying assets. The same underwriting standards, reporting practices, and operational oversight applied across the broader platform are maintained throughout the EB-5 investment process, ensuring consistency across all sources of capital.

Low-angle view of the American flag flying among financial-district towers under a bright sky – the US investment destination behind the EB-5 program.
Portfolio

Our Projects

Active – Open for subscription Currently accepting EB-5 capital.
JW Marriott Residences, Mammoth – rendering of the Phase I luxury condominium development in Mammoth Lakes' North Village, with a courtyard and fire terrace among the pines and a Sierra peak beyond. Construction
I-956F Approved I-526E Approved Rural EB-5 Set-aside

JW Marriott Residences, Mammoth

Mammoth Lakes, CA $184M Cost

Phase I of Peak Mammoth's multi-phase luxury condominium development in Mammoth Lakes' North Village. I-956F approved Rural EB-5 project expected to be delivered in 2029.

Location
Mammoth Lakes, CA
Phase I cost
$184.7M
Program
Rural EB-5 · I-956F + I-526E
Delivery
2029
Project profile
The Ritz-Carlton Residences, Mammoth – rendering of the Phase II stone-and-timber hillside residences in Mammoth Lakes' North Village, with the valley beyond. Construction
I-956F Approved I-526E Approved Rural EB-5 Set-aside

The Ritz-Carlton Residences, Mammoth

Mammoth Lakes, CA $237M Cost

Phase II of Peak Mammoth's multi-phase luxury condominium development in Mammoth Lakes' North Village. I-956F approved Rural EB-5 project expected to be delivered in 2030.

Location
Mammoth Lakes, CA
Phase II cost
$237.5M
Program
Rural EB-5 · I-956F + I-526E
Delivery
2030
Project profile
Delivered – Fully subscribed Subscription closed; delivered or in stabilization.
Merced Station – completed 270-unit, 945-bed student-housing development at UC Merced. 100% Complete
I-956F Approved I-526E Approved Urban High-Unemployment
Merced, CA $124M Value

Merced Station

270-unit, 945-bed student-housing development with 6,600 sq. ft. of retail next to UC Merced. Fully subscribed I-956F approved High-Unemployment project.

Project profile
The Peak – aerial view of the luxury condominium development above South Lake Tahoe, set among Sierra pines with Lake Tahoe and the snow-capped Sierra Nevada beyond. 99% Complete
I-956F Approved I-526E Approved Rural EB-5 Set-aside
Stateline, NV $97M Value

The Peak

43-unit luxury condominium development in South Lake Tahoe. Fully subscribed I-956F approved Rural EB-5 project.

Project profile
The process

From subscription to permanent residency.

Step 01 of 05

Eligibility

Investor profile review and source-of-funds documentation against USCIS criteria.

Step 02 of 05

Project Selection

Match to a New Course-sponsored project that fits investor objectives and timing.

Step 03 of 05

Capital Deployment

Subscription executed; capital deployed into the project capital stack at closing.

Step 04 of 05

Form I-526E

Investor petition prepared and filed with USCIS, with full project documentation.

Step 05 of 05

Form I-829

Conditions removed upon job-creation reporting and project stabilization.

Capital pathways

A route into the program.

  1. EB-5 Flex Financing

    Begin the EB-5 process with as little as $100,000 initial investment, then take up to six months to invest the remaining amount.

    Discuss Flex Financing
President of EB-5

Leadership rooted in lived experience.

We do more than build structures; we build opportunity. By aligning premier construction projects with strategic EB-5 investments, we drive local job creation while helping global families secure a lasting legacy.
DJ Rajput · President, EB-5
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Across the platform

The other four subsidiaries.

  1. New Course Development

    Conducts institutional-scale ground-up development across mixed-use, residential, and student housing asset classes. Disciplined underwriting, complex entitlements, and full project lifecycle management from land acquisition through certificate of occupancy.

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  2. New Course Capital

    Oversees the enterprise's third-party investment vehicles – including the New Course private credit fund – delivering risk-adjusted returns to limited partners while participating as the general partner in its own investment vehicles, aligning the firm's capital directly with that of its investors.

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  3. New Course Builders

    Operates as the enterprise's dedicated general contracting subsidiary, enabling tighter coordination between development and construction while preserving greater control over cost, quality, and delivery across the portfolio.

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  4. New Course Insurance

    Operates as the enterprise's captive insurance platform, enabling a more integrated approach to risk management across development and operational assets. By combining underwriting discipline with direct project-level visibility, the platform enhances risk alignment while retaining economic value typically transferred outside the enterprise.

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Contact

Let's explore what's possible.

Whether you are a prospective LP, joint venture partner, or financing source, we welcome the conversation. New Course's team engages directly with qualified counterparties.

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