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Opportunity Fund Management: Assembling the Right Team

“You need three things: a lawyer, an accountant, and us.” — Michael Richards, SVP Fund Accounting When starting an Opportunity Zone Fund, expert third-party fund administration can help with everything from attracting investors to complying with mandated reporting. However, a fund administrator isn’t the only service provider you’ll need. If you’ve wondered what exactly a fund [...]

NES Financial Selected as Preferred 1031 Exchange Accommodator and Opportunity Zone Fund Administrator to The Wealth Engineering Alliance

NES Financial has been selected as a preferred service provider to The Wealth Engineering Alliance (WEA), a division of The Financial Engineering Institute (FEI), and their client network of more than 2,200 wealth management firms. This agreement secures NES Financial’s place on WEA’s Expert Sourcing Team — a collection of financial service providers deemed best [...]

How NES Financial Manages the Onboarding Process for New Private Equity Fund Clients

It may sound basic, but one of a third-party administrator’s core responsibilities is to lighten the workload of the investment manager’s staff — allowing you to focus on high-value activities such as raising and investing capital. At NES Financial, we take this principle seriously, and we believe the results should be immediate. That’s why, when we [...]

Opportunity Zones Q&A: Can an LLC Qualify as an Opportunity Fund?

During our webinars we received many great questions covering a wide range of important topics. To help further your understanding of this exciting new program, our General Counsel, Kelly Alton, a nationally recognized tax attorney who previously worked at the IRS Office of Chief Counsel at the National Office in Washington, DC, has partnered with [...]

Epelboim Will Utilize NES Financial EB-5 Platinum Medallion Suite for Atlanta Hotel Development

Epelboim Development Group (EDG) has selected NES Financial’s suite of EB-5 solutions for the new EVEN Hotel by IHG in Atlanta, Georgia. EDG 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 [...]

2019-03-09T01:25:14+00:00March 8th, 2019|Categories: EB-5, Press Release|Tags: , , , , |

Veterans Investing Chooses NES Financial to Administer New Opportunity Fund

NES Financial has contracted to provide its purpose-built Opportunity Zone Fund Administration Suite to Veterans Investing — an Opportunity Fund supported by a back-end educational platform that offers real estate training to disabled military veterans. The tax incentives associated with the Opportunity Zones (OZ) program were created to encourage long-term investment into targeted economically distressed areas [...]

How EB-5 Capital Is and Can Be Used [Article]

Read the article   The EB-5 visa was originally intended to spur job creation in the manufacturing industry — in fact, a 2003 ruling said that real estate construction jobs couldn’t count toward the job creation figures required under the program. How, then, has real estate development come to dominate the use of EB-5 [...]

2019-02-28T21:08:12+00:00February 28th, 2019|Categories: BLOG, EB-5, Industry Insights|Tags: , , , , |

Missed the Latest Opportunity Zones Webinar? Check out the recording here.

“State of the Opportunity Zones Industry: Q1 2019” Watch Recording   Earlier this month, we hosted a “State of the Industry” webinar featuring a panel of six thought leaders from all across the Opportunity Zones space. Our panel of experts discussed the current market and regulatory conditions that are shaping the new industry, and [...]

NES Financial Interviewed on Opportunity Zones for FEI Teleconference Series [Recording]

Earlier this month, NES Financial’s Executive VP and General Manager Reid Thomas, along with VP of Business Development Jeff Drinkwater, participated in the recorded teleconference series hosted by The Financial Engineering Institute (FEI).   In this 35-minute recording, Reid and Jeff speak with Nick Gregory, CEO of FEI, about NES Financial’s mission, its [...]

1031 Exchanges: Time’s Up! … Or Is It?

Although IRC Section 1031 exchanges may seem simple, that’s not always the case. Understanding the nuances of Section 1031 can make or break the success of your exchange. Here’s one example of a common misconception that can disqualify an otherwise straightforward 1031 exchange: How many times have you heard that you have 6 months, or [...]