Money
This is a report of public filings. It is not an offer, a rating, or a recommendation to invest.
Sources through Oct 7, 2026
Recorded-index check through Sep 24, 2026
Amounts reported sold in separate filings. These are not final subscriptions or developer loan balances.
$10.45M
Source record
The October 24, 2023 Form D for EB5 United Okeechobee LLC reports $10.45 million sold as of that filing. Amount sold in this filing is not a final raise and is not an outstanding loan balance.
$4.6501M
Source record
The August 26, 2025 Form D for EB5 United Okeechobee II LLC reports $4,650,100 sold as of that filing.
The November collective balance and December note figures need reconciliation. No continuous balance series is inferred.
≈$92M
Source record
The collective EB-5 loan from EB-5 United Okeechobee LLC and EB-5 United Okeechobee II LLC was reported as approximately $92 million outstanding. Outstanding principal on this date is not Form D amount sold and is not final investor subscriptions.
$58.175M
Source record
The December 31, 2025 mortgage consolidation identifies an existing EB-5 note principal of $58,175,000. This figure is kept separate from the approximately $92 million collective balance reported as of November 26, 2025.
$19.4614M
Source record
The December 31, 2025 consolidation identifies an outstanding construction-loan balance of $19,461,366.93.
Contractual ceiling. It is not an amount raised, outstanding, or disbursed.
$200M
Source record
The recorded EB-5 mortgage states a maximum principal of $200 million. Maximum principal is a contractual ceiling. It is not an amount disbursed.
Sponsor executives are not the source of the loan principal. A manager's role does not make the loan that person's money.
| Filing | Date | Offering size | Amount sold at filing | Minimum investment |
|---|---|---|---|---|
| EB5 United Okeechobee LLC | October 24, 2023 | $100,000,000 | $10,450,000 | $800,000 |
| EB5 United Okeechobee II LLC | August 26, 2025 | $100,000,000 | $4,650,100 | $800,000 |
$15,100,100 combined snapshots
Reported sold
Adding the two Form D amount-sold snapshots produces $15,100,100.
Arithmetic sum of two filings from different dates. Not the project's total EB-5 raise.
Source record
Adding the two Form D amount-sold snapshots produces $15,100,100. Arithmetic sum of two filings from different dates. Not the project's total EB-5 raise.
The combined snapshot is not the project's total EB-5 raise. Later loan documents show larger outstanding balances. Neither Form D amount is the total borrowed.
About $92 million outstanding
Outstanding
The collective EB-5 loan from EB-5 United Okeechobee LLC and EB-5 United Okeechobee II LLC was reported as approximately $92 million outstanding.
Outstanding principal on this date is not Form D amount sold and is not final investor subscriptions.
Source record
The collective EB-5 loan from EB-5 United Okeechobee LLC and EB-5 United Okeechobee II LLC was reported as approximately $92 million outstanding. Outstanding principal on this date is not Form D amount sold and is not final investor subscriptions.
$58,175,000 note principal
Outstanding
The December 31, 2025 mortgage consolidation identifies an existing EB-5 note principal of $58,175,000.
This figure is kept separate from the approximately $92 million collective balance reported as of November 26, 2025.
Source record
The December 31, 2025 mortgage consolidation identifies an existing EB-5 note principal of $58,175,000. This figure is kept separate from the approximately $92 million collective balance reported as of November 26, 2025.
$200 million maximum
Maximum
The recorded EB-5 mortgage states a maximum principal of $200 million.
Maximum principal is a contractual ceiling. It is not an amount disbursed.
Source record
The recorded EB-5 mortgage states a maximum principal of $200 million. Maximum principal is a contractual ceiling. It is not an amount disbursed.
$400 million future-advance ceiling
Ceiling
The December 31, 2025 instrument contains a future-advance provision contemplating a total ceiling of up to $400 million.
A ceiling is not money lent.
Source record
The December 31, 2025 instrument contains a future-advance provision contemplating a total ceiling of up to $400 million. A ceiling is not money lent.
$77,636,366.93 consolidated existing balances
Outstanding
The two balances explicitly identified for consolidation on December 31, 2025 total $77,636,366.93.
Sum of the $58,175,000 EB-5 note and the $19,461,366.93 construction-loan balance named in the instrument. Not total project capital.
Source record
The two balances explicitly identified for consolidation on December 31, 2025 total $77,636,366.93. Sum of the $58,175,000 EB-5 note and the $19,461,366.93 construction-loan balance named in the instrument. Not total project capital.
Dated observation
Of those two named balances, the EB-5 note is about 74.93% and the construction-loan balance is about 25.07%.
Share of the two balances being consolidated. Not the funding mix of the entire project.
Source record
Of those two named balances, the EB-5 note is about 74.93% and the construction-loan balance is about 25.07%. Share of the two balances being consolidated. Not the funding mix of the entire project.
Dated observation
The December 2025 offering document reports EB-5 interest of 7% per annum, payable monthly, with final maturity in June 2028 and two one-year extension options.
Source record
The December 2025 offering document reports EB-5 interest of 7% per annum, payable monthly, with final maturity in June 2028 and two one-year extension options.
Dated observation
EB5 United's project-status page described Lakefront as fully subscribed, closed to new investors, and the raise complete as of its September 2026 project status. That page did not state an exact final dollar total.
A sponsor's "fully subscribed" statement is not an audited subscription total.
Source record
EB5 United's project-status page described Lakefront as fully subscribed, closed to new investors, and the raise complete as of its September 2026 project status. That page did not state an exact final dollar total. A sponsor's "fully subscribed" statement is not an audited subscription total.
Company interest
An investment-adviser report disclosed that Brad Stedem had 50% ownership of EB-5 United LLC, a sponsor-level business.
This is not 50% of EB5 United Okeechobee LLC, not 50% of the Lakefront loan, and not 50% of the project.
Source record
An investment-adviser report disclosed that Brad Stedem had 50% ownership of EB-5 United LLC, a sponsor-level business. This is not 50% of EB5 United Okeechobee LLC, not 50% of the Lakefront loan, and not 50% of the project.
Separate figures. The November 26, 2025 offering-document balance and the December 31, 2025 note principal are both kept. Possible differences include lender entities, notes, repayments, assignments, or timing. They are not combined into one number.
The recorded mortgage states that Construction Loan Services II LLC assigned its senior interest into the consolidated structure. The old construction maximum is not added on top of the $200 million maximum.
Fund I Form D Opens a leaving notice in a new tab. · Fund II Form D Opens a leaving notice in a new tab.
Lakefront Okeechobee Report. “EB-5.” https://lakefrontokeechobee.com/financing/eb5/
Keep the source dates and qualifications with any quoted figure. Download the public data.