Rural designation
The brochure identifies Alpine 93/40 as Rural TEA approved and eligible for the rural EB-5 set-aside.
Current Offering · Rural EB-5
Alpine 93/40
Whitefish, Montana
Rural TEAI-956F ApprovedUnder Construction
The project
Housing and community at the southern gateway to Whitefish.
Alpine 93/40 is a two-phase mixed-use development at U.S. Highway 93 and Montana Highway 40. The plan includes 210 multifamily rental units, including 21 deed-restricted affordable units under Whitefish's Legacy Program, plus approximately 15,000 square feet of retail.
Construction commenced in Q2 2025. The project has received I-956F approval from USCIS.
LocationWhitefish, Montana
EB-5 categoryRural TEA
USCIS filingI-956F Approved
Residential210 rental units
RetailApprox. 15,000 sq. ft.
ConstructionUnderway since Q2 2025
Construction progress
Work is already underway.
The offering brochure reports Phase I construction began in Q2 2025, with Phase I completion targeted for Q4 2026. Phase II is scheduled to begin in Q4 2026 with completion targeted for Q3 2028.
Q2 2025Phase I start
Q4 2026Phase I target
Q3 2028Phase II target
Capitalization
$70.643M
Total project capitalization stated in the current brochure.
Senior loan$26.265M
EB-5 investment$30.4M
Developer equity$13.978M
Job creation
The economic analysis cited in the brochure projects a 27% job buffer above the minimum jobs required.
Developer
KIBO Group, Inc. is identified as the project's developer and sponsor.
Interested in Alpine 93/40?
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Request offering materialsFor informational purposes only. Not an offer to sell or solicitation to buy securities. Offering documents control.