NY EB5 Fund selects NES Financial’s suite of Intelligent EB-5 Solutions for redevelopment project

NES Financial has been chosen by NY EB5 Fund to administer its leading EB-5 Solution Suite on the company’s latest project, W 108 Development LLC. Located in the Upper West Side of Manhattan, W 108 Development LLC is converting two five-story townhouses into 11 condominium units geared toward seniors 55+ that will feature a gymnasium, [...]

November 18th, 2016|Categories: EB-5|Tags: , , , |

NES Financial completes SSAE 16 examination

NES Financial has once again successfully completed its annual compliance examination. Formerly known as SAS 70, the SSAE 16 SOC 1 Type II examination is a recognized compliance and controls standard used by leading banks and service providers across the financial industry. The examination mandates an in-depth review of control objectives and procedures throughout the [...]

November 15th, 2016|Categories: NES Financial|Tags: , , , |

What’s unique about a reverse 1031 exchange?

While a forward 1031 exchange allows you to first sell your investment property and then buy another one, a reverse 1031 exchange does just the opposite. So if you identify a property you want but still haven't sold your existing one, that is okay. A 1031 reverse exchange can be done for a variety of [...]

November 9th, 2016|Categories: 1031 Exchange|Tags: , , |

Private Equity Perspective: Band-Aids on bullet wounds!

For an industry that can’t even agree on common valuation guidelines, it comes as no surprise that software solutions exist in the same sort of patchwork orange, varying considerably from one private equity firm to the next. It might be said of private equity or private real estate that everyone does the exact same thing [...]

What everybody ought to know about the EB-5 Account Transparency Requirement

In recent years and as a response to isolated, high-profile fraud reports, several bills have been introduced in the House and Senate to include enhanced integrity measures that would reform the EB-5 Program and the EB-5 industry itself. With S. 1501 and H.R. 5992, respectively the American Job Creation and Investment Promotion Reform Act of [...]

November 2nd, 2016|Categories: EB-5|Tags: , , , , |

Congratulations to the newly approved EB-5 Regional Centers!

NES Financial would like to congratulate the following EB-5 Regional Centers on their USCIS approval: Benefield California Regional Center Eagle EB-5 Regional Center HS Regional Center, LLC McCormick Regional Center LLC NY Entrepreneurs Fund, LLC SAA Cedisus EB-5 Projects – SW Indiana Regional Center, LLC Western Energy Regional Center As a new EB-5 Regional Center, [...]

November 2nd, 2016|Categories: EB-5|Tags: , , , |

Here’s how mid-sized firms are staying competitive

There's more than 50 private equity firms with enormous five-year fundraising totals exceeding $6 billion. Then there's the other 6,600 small to mid-sized firms fighting to raise funds and compete for investors. However, a decade-long record of outperforming public markets and outpacing other asset classes has transformed what was a $400 billion private equity industry in 2010 [...]

November 1st, 2016|Categories: Fund Administration|Tags: , , , |

NES Financial at ILW: EB-5 Summit

NES Financial was present at the ILW 2016: EB-5 Summit for Attorneys and Developers in San Francisco. The event was beneficial to anyone involved with EB-5. The day brought together experts and practitioners from all facets of the industry. After each panel, guests had the opportunity to discuss EB-5 issues amongst themselves and with speakers. Executive Vice President Reid [...]

October 31st, 2016|Categories: EB-5|Tags: , , , |

Maximize efficiency with integrated technology systems

Consider the disparate technology systems used in private equity fund administration. Between back-office, middle-office, investor relations, and compliance, the different technologies being used may contribute to critical inefficiencies and unnecessary exposure to risk. The back-office fund accountant and fund accounting groups may be using Excel and SS&C, which lack integrated applications and require manual waterfall calculations. [...]

October 25th, 2016|Categories: Fund Administration|Tags: , , , , |

A culture of innovation and success

For nearly a decade, I've been a part of the NES Financial family. A decade. In Silicon Valley. In 2016. Yep, a decade. Why? To be totally transparent, it's a pretty simple answer: culture. We have great people, SMART people, and we choose to attack business problems with a focus on solving them the right [...]

October 20th, 2016|Categories: Fund Administration|Tags: , , , , |