Merced Station
A 270-unit, 945-bed UC Merced student-housing community delivered under a UC system master lease – operational and stabilized.
Capital, complexity, conviction.
Merced Station is a 270-unit, 945-bed student-housing community near UC Merced. The capital structure consists of senior debt, EB-5 preferred equity as well as developer equity.
Merced Station was the platform's first delivery on UC system real estate; Scholars Vista is the second, with both projects playing an integral role in the platform's vertical integration.
Merced Station completed vertical construction and is currently operational, with 6,600 square feet of retail space serving UC Merced students alongside the 270 residential units (945 beds).
- Approved I-956F with several Form I-526E approvals
- All EB-5 jobs already created
- Strong leasing volume
- Fully funded with completion guarantees
- 60+ EB-5 families served
- Recession-resistant asset class
Watch the project film Capital structure
- Current value
- $124,200,000
- Total project cost
- $120,000,000
- Senior debt
- $79,400,000
- EB-5 and equity
- $40,600,000
Investment terms
- Investment type
- Senior equity
- ROI
- 4.875%
- Term
- 5 years
- Repayment method
- Refinance then sale
- I-526 guarantee
- Yes (conditional refund eligibility)
- Investment status
- Open
EB-5 data
- Set-aside
- Targeted Employment Area (TEA)
- I-526 approvals
- Yes (100% USCIS approval)
- Jobs created
- 750
- Jobs per investor
- 12
- EB-5 units offered
- 60
- Families served
- 60+ EB-5 families
- Flex financing
- Available
At the University of California, Merced – a campus whose enrollment growth following the $1.3 billion Merced 2020 Plan created a structural housing shortage that Merced Station was sized to absorb under a single UC system master lease.
Speak with the EB-5 team.
Book a confidential consultation to walk through the project's structure, USCIS status, and capital path.
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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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