A. WHY EB-5?
Do your clients need a new source of capital for their commercial real estate developments? Under the federally-administered Immigrant Investor Program, (also known as the “EB-5 Investor Program”), if a foreign national invests in new commercial development that creates at least ten permanent jobs, he or she may be eligible for $500,000.00 to $1,000,000.00 of capital for each block of ten new permanent jobs created. Although the process of accessing this source of capital is lengthy and in some cases complicated, the capital itself may be used more flexibly than that which is typically available in the investment market. The EB-5 Investor Program is underutilized; not once since the Program’s inception in 1990 has the U.S. Citizenship and Immigration Service (“USCIS”) reached its 10,000 annual maximum EB-5 visa allocation.
The full article for, "EB-5 Capital for Commercial Real Estate Development," was originally published by the Virginia State Bar Real Property Section's Newsletter, The Fee Simple in November of 2013 and can be accessed here.