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The NCE will loan the $40 million of EB-5 capital to a third-party entity, Ethan Capital, LLC. The EB-5 capital loan proceeds will be used to finance the construction of a hotel. The

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Page 1: The NCE will loan the $40 million of EB-5 capital to a third-party entity, Ethan Capital, LLC. The EB-5 capital loan proceeds will be used to finance the construction of a hotel. The
Page 2: The NCE will loan the $40 million of EB-5 capital to a third-party entity, Ethan Capital, LLC. The EB-5 capital loan proceeds will be used to finance the construction of a hotel. The
Page 3: The NCE will loan the $40 million of EB-5 capital to a third-party entity, Ethan Capital, LLC. The EB-5 capital loan proceeds will be used to finance the construction of a hotel. The
Page 4: The NCE will loan the $40 million of EB-5 capital to a third-party entity, Ethan Capital, LLC. The EB-5 capital loan proceeds will be used to finance the construction of a hotel. The
Page 5: The NCE will loan the $40 million of EB-5 capital to a third-party entity, Ethan Capital, LLC. The EB-5 capital loan proceeds will be used to finance the construction of a hotel. The