Hotels remain the most popular type of development project that uses EB-5 funding. While many hotels are being used for business and leisure purposes, more recently the demand for medical hotels more has been increasing.
California Real Estate Regional Center (CaRE) has tapped into this demand and is currently financing a portion of a branded extended-stay hotel for the University of Southern California (USC) Health Sciences Campus. The four-story hotel will feature 200 guest rooms, over 13,000 square feet of retail space, and a conference facility to serve the USC Medical Campus.
NES Financial announced today that CaRE will be using our leading EB-5 Escrow Solution on this project.
“NES Financial came very highly recommended as the leaders in the space, having more experience with EB-5 escrow administration than anyone else on the market,” said Steve Shpilsky, Managing Principal and Co-Founder of California Real Estate Regional Center. “Foreign agents and investors are familiar and comfortable with the NES Financial platform, so it was a no-brainer for us to use them on this project.”
NES Financial EB-5 Solutions have been used on over 200 projects to date – more than any other solution on the market.
“Before selecting a specific EB-5 project for their investment, investors are doing significant due diligence,” said Reid Thomas, NES Financial Executive Vice President. “As California Real Estate Regional Center’s experience supports, investors are looking to EB-5 issuers who focus on implementing solutions that provide the highest level of service to their investors.”
Read the full press release by clicking here.
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