EB5 United has evolved into a global financial services firm providing both EB-5 and Private Equity investment opportunities. Acting as a fiduciary, we utilize our due diligence processes earned through various market cycles to navigate appropriate deal structures and provide global mobility for our clientele and their capital.
CORMONT
Deer Valley East Village, Utah
A Landmark Luxury Residential Community in One of America's Most
Sought-After Mountain Destinations
About Cormont.
Cormont is a premier luxury residential development located within Deer Valley East Village, the centerpiece of one of the most ambitious ski-resort expansions in North America: five towers and 374 luxury condominiums around a central grand plaza with ski-in / ski-out access. Deer Valley has long been recognized as one of the most exclusive mountain communities in the United States, less than an hour from Salt Lake City International Airport, and will serve as a designated venue for the 2034 Olympic Winter Games.
Cormont marks the latest collaboration between EB5 United and a highly seasoned national development sponsor, Reef Capital Partners, whose long-standing presence in Utah underscores both their commitment to the region and their reputation for executing high-quality Projects. EB-5 capital is structured as a senior secured mortgage loan to the Borrower, with developer equity and other subordinate capital representing 52.7% of total Project capitalization.
For accredited investors, Cormont is a Rural TEA EB-5 investment under the EB-5 Immigrant Investor Program: the $800,000 minimum applies, I-526E petitions receive USCIS Priority Processing, and rural filings benefit from the 20% EB-5 visa set-aside, a defined path toward U.S. permanent residency (the green card) for the investor, their spouse and unmarried children under 21, subject to USCIS adjudication.
Cormont EB-5 Project: quick facts.
| Attribute | Detail |
|---|---|
| EB-5 Project | Cormont at Deer Valley East Village |
| Location | Deer Valley East Village, Park City area, Utah |
| TEA designation | Rural TEA (Targeted Employment Area) |
| Minimum EB-5 investment | $800,000 plus administrative, legal & filing fees |
| EB-5 raise | $224.8MM target · $524.8MM max · full economics via Project Access |
| Loan structure | Senior secured mortgage loan · matures Dec 31, 2029 (two 1-year extensions) |
| USCIS status | Form I-956F approved |
| I-526E processing | USCIS Priority Processing for Rural TEA petitions |
| Rural visa set-aside | 20% of EB-5 visas, meaningful for China- and India-born investors |
| Job cushion | 253% at the target raise |
| Developer & builder | Reef Capital Partners (developer) · Jacobsen Construction (GC) |
| Offering type | Regulation D Rule 506(c), verified accredited investors |
Read this page alongside the offering documents.
This page is a summary. It is not an offer to sell or a solicitation of an offer to buy any security, and it is necessarily incomplete. Any offer is made only to accredited investors through the definitive offering documents, which contain the full terms, risk factors and conditions, and which govern in the event of any inconsistency with this page.
Cormont, in progress.
Featuring Matt McKinnon, Sr. Construction Manager at Reef Capital Partners.
Why EB5 United supports Cormont.
1
EB-5 is structured as the senior mortgage loan, secured by all five residential towers and the parking structure once the existing bridge financing is retired.
2
Strong developer with significant Project funding subordinate to the EB-5 loan.
3
Developer Equity and other subordinate capital is 52.7% of total capitalization.
4
Significant pre-sales from ultra-luxury buyers and resort members.
5
Proven developer track record across luxury mixed-use and hospitality Projects nationwide.
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Located within Deer Valley East Village, among the most prestigious ski-in / ski-out destinations in North America.
Reflects EB5 United's internal review. All features described are contractual and subject to the terms and conditions of the definitive offering documents.
Where the EB-5 loan sits
in Cormont's capital stack.
The EB-5 investment is structured as a senior secured mortgage loan to the Borrower, and its collateral position moves through two stages, both disclosed in the PPM. The property was acquired with seller financing; every EB-5 advance is applied through a controlled account to retire that financing dollar for dollar. As of August 13, 2026, EB5 United already has raised more than enough capital to take out the Bridge Loan; we are simply waiting on I-526E receipts to allow us to advance this amount to the Borrower and remove the Bridge Loan. Once it is repaid and released, the EB-5 loan is secured by a first-priority mortgage on all five residential towers and the parking garage, together with first-priority security interests in the Project assets and a pledge of the Job Creating Entity's equity.
The Loan Agreement contains no mechanism by which the EB-5 loan can be subordinated to new debt; additional financing, if ever required, can only come in pari passu (equal), on lien-parity and coordination terms documented at closing if EB5 United is unable to provide $224.8MM of financing to the Project by March 31, 2027. We expect to advance this amount to the Borrower in Q4 2026.
Additionally, C-PACE will be placed tower by tower and is structured as a tax-lien-equivalent assessment rather than a competing mortgage, so if it were defaulted on we would pay the owed interest to the C-PACE lender to cure the loan, take all five towers and the parking garage, and keep the C-PACE loan for ourselves.
The complete collateral analysis, covering lien mechanics, the treatment of other property-level obligations, and the full financing structure, is provided with the offering documents through Project Access.
Capital stack and exit strategy.
Provided through Project Access
The complete offering economics, including total capitalization and capital stack, loan-to-value against the independent appraisal, job-creation modeling, and the exit and repayment case, are provided in the password-protected Cormont Project page and the offering documents.
Request access below; our team issues credentials after a short introduction. Accredited-investor status is independently verified before any subscription is accepted.
A central grand plaza with ski beach, ice ribbon and high-street retail.
Five towers · 374 condominiums.
| Tower | Units | Start | Completion |
|---|---|---|---|
| Tower 1 | 49 | Jun 2025 | Dec 2027 |
| Tower 2 | 50 | Apr 2027 | Oct 2028 |
| Tower 3 | 145 | Nov 2027 | Aug 2030 |
| Tower 4 | 75 | Aug 2027 | Aug 2029 |
| Tower 5 | 55 | Jun 2026 | Feb 2029 |
Developer schedule as of the August 2026 Project update, subject to change; current availability is on the developer's website. Residence purchases are entirely separate from the EB-5 investment; an EB-5 investment does not convey any interest in a residence.
Amenities:
Central plaza with ski beach
Ice ribbon
Market
Amphitheater
High-street retail
Per-tower welcome lobby
Après-ski terrace
Fitness centers
Saunas & cold plunges
Heated pools
Lakeview lounge & rooftop pool with sundeck
Deer Valley East Village, Utah.
- Salt Lake City International Airport~38 min · Delta non-stop service to 100+ cities
- Heber Valley Airport~15 min
- Jordanelle ReservoirWalk across the street
- Park CityMinutes away
- Deer Valley East Village expansionAdding 3,700 acres of skiable terrain
- 2034 Olympic Winter GamesDesignated venue
Approximate drive times. Deer Valley: skiers-only, limited access, complimentary ski valet; St. Regis, Stein Eriksen Lodge, Montage and Goldener Hirsch operate at the resort.
Backed by experienced operators.
Reef Capital Partners
Project developer & Guarantor · UT / TN / VA
- Capital deployed$2.0B+
- Transactions / 20+ yrs255+
- HeadquartersLehi, Utah
- FocusResort & residential real estate
Jacobsen Construction
General contractor · UT / Western U.S. / National
- Employee-owned100% ESOP
- Revenue to date$1B+
- Track record100+ yrs
- ENR rankingTop 400 · Top 100 Green
Guaranteed-maximum-price structure: the Project is divided into defined work packages, each carrying its own Interim GMP that consolidates into a Final GMP, the same cost ceiling and risk allocation as a single-number GMP, implemented in phases suited to a five-tower build.
How the structure is designed to protect investors.
Immigration Protection
I-526E Denial Guaranty
A contractual return of capital if the investor's I-526E petition is denied, on the terms set out in the executed guaranty.
Construction Protection
Completion Guaranty
From Reef Capital Partners, backed by a liquidated-amount mechanism covering the net funding gap to complete construction.
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Senior mortgage collateral: first-priority mortgage on all five towers and the parking garage once the Bridge Loan is retired.
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52.7% non-EB-5 capital subordinate to the EB-5 loan.
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Controlled Net Sales Proceeds Account: Tower 3, Tower 4 and garage net proceeds are swept into a bank-controlled account and cannot be distributed to the sponsor before EB-5 is repaid.
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Restricted-payment covenants: sponsor profit distributions are payable strictly after the EB-5 loan is repaid in full.
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Manager independence: EB5 United manages the NCE as fiduciary and is not affiliated with the Job Creating Entity or the developer.
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Rural TEA: $800,000 minimum, the 20% rural visa set-aside, and USCIS Priority Processing of I-526E petitions.
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Independent fund administration, annual audited financial statements for the NCE and Borrower, and SEC-compliant oversight.
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Construction completion history: a general contractor with a 100+ year track record.
Each protection is contractual and subject to the definitive offering documents, which govern. No immigration outcome or return is guaranteed, and by design there is no I-829-stage guaranty: EB-5 capital must remain at risk until the I-829 is filed, and a guarantee at that stage would itself jeopardize the petition.
Deer Valley East Village: 3,700 acres of new skiable terrain, more than doubling Deer Valley.
Evaluate Cormont with our team.
Request Cormont Project Access for the complete offering economics and documents, or schedule a consultation. Under Rule 506(c), accredited-investor verification comes first; the document package follows through our secure platform.
Latest Cormont updates.
Cormont at Deer Valley: Investor Tour & Project Update 2026
From our June 2026 site visit with the development, construction and sales teams: Building 5 topped off, Tower 1 nearing completion, roughly 25% of residences sold, and first completions expected in 2026.
Read the article →
EB5 United's Cormont Project Receives I-956F Approval from USCIS
USCIS has issued Form I-956F approval for Cormont — the project-level approval confirming the offering meets EB-5 program standards for investor I-526E petitions.
Read the article →Cormont in pictures.
Renderings and construction photography; final finishes and site conditions are subject to change.
Disclosures
Cormont Project page: specific disclosures.
Project figures. Project information on this page, including the EB-5 target and max raise, construction schedules, tower completion dates, the developer-capital percentage and job-cushion figures, is drawn from the Cormont offering materials and the developer's August 2026 Project update, and changes over time; confirm current figures with EB5 United as of the date you read this page. Statements describing future events are subject to the site-wide forward-looking-statements disclaimer below.
Collateral staging. Descriptions of collateral reflect the staged structure disclosed in the Cormont PPM: the EB-5 loan is secured on a second-lien basis until the existing seller financing on the property is repaid and released, and on a first-priority mortgage basis thereafter. The offering documents contain the complete lien analysis and control over any summary on this page.
Guaranties. References to the I-526E Denial Guaranty, the Completion Guaranty and the Payment Guaranty describe contractual undertakings of the guarantor identified in the executed guaranty documents. Each is subject in all respects to that document's terms, conditions and limitations and to the guarantor's creditworthiness, and none guarantees any immigration or investment outcome.
Rural TEA designation. Cormont's Rural TEA designation and USCIS Priority Processing reflect USCIS treatment as of the Project's I-956F approval; designations and processing practices can change. (Set-aside availability is addressed in the site-wide disclaimers below.)
Third-party information. Information regarding Reef Capital Partners, Jacobsen Construction, Extell Development Company, Deer Valley Resort and the 2034 Olympic Winter Games is derived from those organizations' published materials and has not been independently verified by EB5 United. Links to third-party sites, including cormontdeervalley.com, are provided for convenience only.
Residences. Residence purchases are separate transactions with the developer and are not part of, and convey no interest in, the EB-5 offering. Renderings, floor plans, amenities and schedules are conceptual and subject to change.
These disclosures supplement, but do not replace, the site-wide disclaimers in the footer below.
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