Tag: EB-5

The 11 Largest EB-5 Projects in America

by Randybaconin Commercial Mortgage Lending, Real EstateLeave a Comment on The 11 Largest EB-5 Projects in America
The 11 Largest EB-5 Projects in America

The EB-5 Program allows for foreign investors to have stakes in US developments while also reducing costs for US developers and helping to create regional jobs. So far, $3.7B has streamed into major US cities, such as NYC and San Francisco. “EB-5 is an alternative source of funding for good projects and to create more jobs quicker,” US Immigration Fund VP Nicholas Mastroianni tells Bisnow. “It allows them to free up capital to do more projects.” Here are 11 of the largest and most important projects funded by EB-5 in the country.

Read more at: https://www.bisnow.com/national/news/commercial-real-estate/top-eb-5-projects-51067#0?utm_source=CopyShare&utm_medium=Browser

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EB-5 Expiration Raises Big Questions for Developers

by Randybaconin Commercial Mortgage LendingLeave a Comment on EB-5 Expiration Raises Big Questions for Developers
EB-5 Expiration Raises Big Questions for Developers
The wildly popular EB-5 program, which grants green cards to foreign investors, is set to expire today, raising big questions for both developers and investors. With the mass influx of foreign capital, EB-5 has been a winner among Chinese investors, with 90% of EB-5 visas granted going to China, pouring in nearly $4B since 2009 along the way. Developers, big and small, are bullish on EB-5, too, with a number using such funds to finance big projects. Related Cos, the developer of New York City’s Hudson Yards, raised a record $600M, using a “cash-for-visa” deal structure. Most recently, Macklowe Properties revealed plans to raise $100M in EB-5 funds for 1 Wall St, a $1.5B condo conversion in Lower Manhattan.

Read more at: https://www.bisnow.com/national/news/economy/with-the-eb-5-immigrant-investor-program-set-to-expire-today-should-it-be-renewed-50539?utm_source=CopyShare&utm_medium=Browser

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New Legislation Could Hinder EB-5 Financing Options

by Randybaconin Real EstateLeave a Comment on New Legislation Could Hinder EB-5 Financing Options

Proposed new legislation could mean big changes for EB-5 money, a small, but growing segment of the commercial real estate financing market.

In early June, bipartisan legislation was introduced in the U.S. Senate that would both reauthorize and reform the 20-year old Immigrant Investor Program known as “EB-5” that is set to expire on Sept. 30, 2015. The EB-5 program provides visas for foreign nationals who meet criteria for investing a minimum amount of capital in the U.S. economy and create a set number of jobs.

EB-5 has seen tremendous growth in recent years. From 2010 to 2014 there has been a 504 percent increase in the use of EB-5 financing, with nearly $9 billion in capital invested in the U.S. from fiscal year 2005 to 2014.

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