Paragon Capital Group launches EB-5 offering tied to Steamboat ski resort project

Paragon Capital Group has opened PCG Fund 11 LLC, an EB-5 investment tied to the Wildair residential development near the base of Steamboat Ski Resort in Colorado. The offering targets international investors seeking a path to U.S. permanent residency while backing a resort-side project with limited land supply and a projected 2028 completion.

Why it matters: - The Wildair offering pairs a luxury ski-resort development with the federal EB-5 immigrant investor program, giving international investors a route to U.S. permanent residency. - The project sits at the base of Steamboat Ski Resort, where buildable land is scarce. - Paragon Capital Group is positioning the deal as both an immigration vehicle and a real estate investment with investor protections and job creation claims.

What happened: - Paragon Capital Group announced PCG Fund 11 LLC, an EB-5 investment offering centered on the Wildair project in Steamboat Springs, Colorado. - The development is planned for a buildable parcel adjacent to the base of Steamboat Ski Resort, near the gondola and Steamboat Village. - The project includes 20 boutique luxury condominium residences and curated commercial space. - 4240 Architecture designed the project, and Haselden Construction will build it.

The details: - The EB-5 investment is TEA-qualified and set at the $800,000 minimum threshold. - The project carries rural and High Unemployment Area designation, which is intended to prioritize green card processing for investors and qualifying immediate family members. - Wildair uses a senior EB-5 loan structure with a first-position lien, pledge of equity interests, Completion Guaranty, Repayment Guaranty, and I-526E Denial Guaranty. - The project is projected to generate 1,158 permanent new jobs, more than 70% above the baseline federal EB-5 requirement. - Third-party analysis from JLL, RCLCO, and Baker Tilly supports projected gross condominium sales of $161.6 million. - Construction is scheduled to begin in April 2026, with completion estimated for June 2028. - Paragon Capital Group has structured more than $3 billion in EB-5-related real estate offerings across 11 projects over the past 12 years. - Paragon-sponsored offerings have produced a 100% I-829 petition approval rate for investors who completed their program obligations. - More information is available in the company’s announcement. - Paragon also posted social links to LinkedIn, Instagram, Facebook, and YouTube.

Between the lines: - The offering is being framed around scarcity: a resort-base location, limited developable land and a supply-constrained mountain market. - Paragon is signaling that the capital structure is meant to appeal to investors who want immigration benefits plus downside protection. - The company’s pitch leans on a rare combination of luxury real estate, developer backing and EB-5 eligibility.

What's next: - Investor participation is expected to be limited because of the project’s capitalization strategy and the constrained land position. - Construction is set to start in April 2026. - Completion is expected in June 2028. - Prospective investors must review offering documents and pursue the EB-5 process through the formal legal petition path.