NES Financial announced today that it has been selected by America West Regional Center to provide escrow administration solutions for its current EB-5 offering. NES Financial’s solutions hold investor funds in secure, FDIC-insured accounts while providing sub-account level visibility to each investor.
America West Regional Center, a True West Company, will provide $14.5 million of debt financing for the redevelopment of an existing hotel property located just north of downtown Phoenix, Arizona. The property, to be named The Foundry, will be a 105 room, full service hotel with a unique arts focus and a chef driven restaurant. Palisades Hospitality Group, which specializes in life-style resorts and hotels, will manage the property.
“We wanted the very best EB-5 escrow fund administration for our investors,” said Peter Gooding, President of America West Regional Center. “NES Financial is the clear leader in providing technology-enabled services to help us manage our operations. Their solutions help us increase our operational efficiency, allowing us to focus on the development itself, while providing us the marketing advantage of increased investor confidence.”
NES Financial’s suite of EB-5 Fund Administration Solutions are unique in the marketplace. Each solution has been purpose built specifically for the EB-5 industry. As such, the solutions offer operational efficiency benefits to EB-5 issuers while also providing increased security and transparency to individual investors. By providing a complete audit trail of the flow of funds throughout the life cycle of the immigration process – from the I-526 application to the I-829 removal of conditions – the highest levels of compliance are maintained.
Learn more about why America West Regional Center chose NES Financial by reading the full press release.
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