/ Press Release / July 23, 2018
Trust essential to getting investors interested in CiF’s work, says CEO
The Cleveland International Fund (CiF) has successfully paid back $104.5 million to 209 individual investors in CiF’s first two projects: University Hospitals’ system- wide expansion and the first phase of the Flats East Bank development which included the E&Y Tower and an Aloft Hotel.
CiF is a private equity fund, designated as an EB-5 Regional Center by the Federal Government in 2010. The EB-5 program connects foreign investors seeking U.S. residency to qualified job creating projects in the United States.