At NES Financial, we pride ourselves on our comprehensive administration of funds and documentation throughout the entire EB-5 project life cycle, without gaps, from the marketing and capital raise all the way through return of investment (including redeployment solutions, where applicable). Within this offering, our Fund Administration Solution is purpose-built and streamlined to track the flow of funds through the EB-5 project — increasing oversight, safeguarding investors, and simplifying reporting and regulatory compliance.
This week, we had the opportunity to chat with NES Financial customer and Medallion Partner Sam Silverman about his experience using the NES Financial Fund Administration Solution. Sam is a Managing Partner at EB5 Affiliate Network (EB5AN), an award-winning EB-5 consulting firm with extensive experience structuring and sponsoring EB-5 projects.
Note: EB5AN is currently conducting an “H-1B to EB-5” road show with free events all around the country aimed at current holders of H-1B visas who are interested in obtaining their permanent Green Cards under the EB-5 Program. For more information, and to register for one of these events in a city near you, visit https://www.get-eb5-visa.com/.
Sam, thanks very much for speaking with us. Could you tell us about EB5 Affiliate Network and the services they provide?
Sure. We started building EB5AN about five years ago, and we now have a network of regional centers that covers 27 full states, plus Washington, D.C. Within these areas — over half the country now — we work with clients to provide regional center project sponsorship. If a client wants to own their own regional center license, we can help set up a new regional center. But if they don’t want to wait for approval, they can pay us a small fee to join our license and then start signing up EB-5 investors the next day. There’s no delay.
We also work with issuers to prepare project and investor documentation. And for projects that we really like — including the ones that we’re currently working with NES Financial on — we take them to market to subscribe investors to invest their capital into those specific projects.
At a high level, whenever you do an EB-5 project, there are three components: the regional center license, the project documents, and the EB-5 investors. Those are the three elements that are required to make an EB-5 deal work. We’re kind of the only company that does all three and is truly vertically integrated.
How does NES Financial fit into this picture?
We started working with NES Financial in 2014, I believe, just as we were beginning to do our own projects. We started out with their Escrow and Fund Administration solutions, and now we use the Immigration Workflow solution as well. All of our projects have been awarded NES Financial Platinum Medallions as a sign of administration best practices.
What has your experience been like using the Fund Administration Solution, in particular?
A: For us, one very valuable thing about the Fund Administration Solution is that it’s a clear demonstration of third-party oversight to investors. And because NES Financial is a recognizable name, an industry leader, it builds trust and helps with our marketing of the projects.
On the investors’ side, having their own login portal where they can see the exact status of their capital account and how their capital is growing — and where they also have easy access to all of their project-related documents and their immigration status — having all of that in one location is important to them.
This visibility is great for us on the back end, as well. Because the NES Financial portal provides a high-level view of funding across all projects that is accessible in real time, it serves as a value-add dashboard for our internal fund management process. And the built-in reporting and tracking of the Fund Administration Solution helps with our annual accounting, when we have to total up the capital accounts and issue checks — it’s very helpful in preparing our tax filings and investor calculations.
About EB5 Affiliate Network
EB5 Affiliate Network (EB5AN) is an award-winning EB-5 consulting firm with extensive experience structuring and sponsoring EB-5 projects. EB5AN works with project developers to provide regional center sponsorship for qualified projects through its 15 approved regional center licenses that cover 27 states. EB5AN also prepares the complete set of turnkey EB-5 project documents required to raise EB-5 capital for any project. EB5AN has completed more than 200 EB-5 transactions and 100 regional center applications. It has been selected as the NES Medallion Solution Partner for regional center compliance out of more than 900 current USCIS-approved regional centers. The firm has a 100% USCIS approval rate to date, and the executive team has been involved in more than $2 billion of private equity transactions and $1 billion of commercial real estate development. The firm’s combined knowledge in EB-5 regional center creation, EB-5 project execution, private equity investing, management consulting, corporate and immigration law, real estate development, and wealth management provides the necessary experience to execute on all components of the EB-5 documentation process and to develop successful EB-5 projects that appeal to foreign investors seeking permanent residency in the United States.
For more information about how our Loan Administration Solution could benefit your project, please contact your NES Financial representative. We look forward to speaking with you!