Paragon Capital Group wins USCIS approval for Wildair EB-5 filing

Paragon Capital Group said USCIS approved the project-level I-956F filing for Wildair Residences in Steamboat Springs, Colorado, clearing the way for investor I-526E petitions to move forward. The milestone comes as the luxury development advances under construction and EB-5 capital is being deployed alongside C-PACE financing.

Why it matters: - USCIS approval of the project-level filing is a key immigration step for Wildair EB-5 investors. - The approval allows USCIS to finish adjudicating investors’ related Form I-526E petitions. - The project is also moving ahead on the ground, with financing in place and construction underway. - Wildair qualifies as a Rural Targeted Employment Area, which can reduce the minimum EB-5 investment amount and provide access to rural visa set-aside processing.

What happened: - Paragon Capital Group said USCIS approved the Form I-956F filing for Wildair Residences on Nov. 13, 2026. - PCG Fund 11 LLC, an EB-5 investment fund managed by Paragon Capital Group, is the sponsor of the offering. - Wildair Residences is a luxury residential development at the base of Steamboat Ski Resort in Steamboat Springs, Colorado. - The approval follows the project’s September groundbreaking.

The details: - The Fund’s EB-5 loan has closed. - The project’s C-PACE construction financing is in place. - All required developer equity has been contributed. - Construction is underway. - EB-5 capital is being deployed to the project alongside the C-PACE financing. - The Fund is offering up to $66.4 million of limited liability company interests in connection with Wildair. - The EB-5 loan is secured by a recorded first-lien deed of trust on the property, subject to the C-PACE assessment, plus a pledge of 100% of the ownership interests in the project company. - The completion guaranty, repayment guaranty and I-526E denial guaranty in the offering documents have been executed and delivered. - Wildair is being developed by MV Propco LLC, an affiliate of the Orion Companies, and constructed by Haselden Hospitality Constructors. - The project is a boutique collection of 20 luxury residences with fitness and wellness space, open-air lounges, ground-floor full-service dining, a fire-lit residents’ club and a spa facility. - The I-956F filing was prepared with Saul Ewing LLP as securities counsel, KLDP as immigration counsel, and Baker Tilly providing economic analysis and business-plan support.

Between the lines: - The company is using the USCIS approval to signal both immigration progress and project readiness. - Murphy framed the approval as an immigration milestone, not an investment rating, and said investors should judge immigration eligibility and project fundamentals separately. - That framing matters because EB-5 offerings hinge on both visa processing and the underlying real estate deal. - The release also leans on multiple protections and financing layers to emphasize project structure and repayment support.

What's next: - USCIS will continue processing investors’ associated Form I-526E petitions. - Wildair construction is expected to keep advancing as EB-5 capital and C-PACE financing are deployed. - Paragon Capital Group said it will continue managing the offering through PCG Fund 11 LLC. - The company directs investors and other readers to more information.

The bottom line: - Wildair has cleared a major USCIS hurdle, but the release makes clear that immigration approval does not guarantee visa issuance or investment returns.