NES Financial EB-5 Solution Suite Selected By EB5 United For Manhattan Hotel Project

We’ve worked with NES Financial in the past, on a Four Seasons resort and golf course development, and we’ve found both their services and their reputation in the market to be extremely helpful with investors.

NES Financial announced today that EB5 United and DLJ Real Estate Capital Partners — the fiduciary to EB-5 investors and the development firm, respectively, behind the hotel project at Nine Orchard Street on Manhattan’s Lower East Side — have selected NES Financial’s suite of EB-5 solutions for the project. EB5 United and DLJ will utilize NES Financial’s EB-5 Capital, Process, and Accounting Administration Suites, which are designed to help developers raise and deploy EB-5 capital more quickly, minimize risk, and streamline project efficiency.

The EB-5 program, created in 1990, encourages foreign investment into projects that stimulate U.S. job growth. Once relatively obscure, in recent years there has been an exponential rise in the use of EB-5 capital in projects of all types and sizes. NES Financial’s Intelligent EB-5 Solutions have been used on more than 550 projects, representing over $20B in EB-5 capital — more than any other service provider in the market.

Use of these EB-5 Solution Suites has earned the Nine Orchard Street development a NES Financial “Platinum Medallion,” signifying the project’s commitment to industry best practices and to providing investors with the highest levels of security, transparency and compliance.

EB5 United and DLJ Real Estate Capital have partnered with Advantage America New York Regional Center to facilitate a $73.5 million EB-5 investment in Nine Orchard Street, toward a nearly $200 million total capital raise.

“We’ve worked with NES Financial in the past, on a Four Seasons resort and golf course development,” said Scott Fuller, CEO at EB5 United, “and we’ve found both their services and their reputation in the market to be extremely helpful with investors. Their built-in compliance framework also serves as a great double check on maintaining accurate documentation.”

NES Financial’s suite of Intelligent EB-5 Solutions is designed to cover the unique requirements of the entire EB-5 process, start to finish. Whether utilizing select…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *