San Jose, CA, March 3, 2015 – NES Financial announced today that it has been selected by Cloudseed International Fund to provide EB-5 Escrow, Fund Administration, and Immigration Workflow Solutions on the Regional Center’s latest project, The District at Linworth.
The EB-5 visa program, created in 1990, encourages investment into projects that stimulate U.S. job growth, while providing an opportunity for foreign nationals to become lawful permanent residents. An applicant’s investment is typically held in an EB-5 escrow account prior to investment in the New Commercial Enterprise, which then uses the funds to create jobs.
The District at Linworth has been recognized as an NES Financial Platinum Medallion project because it has embraced the entire suite of NES Financial Intelligent EB-5 Solutions. The project is a 326-unit Class A luxury multifamily apartment project being developed in Columbus, Ohio. Columbus is home to various Fortune 500 companies as well as the largest research and development foundation in the world.
“We chose NES Financial because they make things easy for us and bring full transparency to our investors,” said Sumeet Patil, CEO of Cloudseed International Fund. “The NES Financial solutions take care of all of the back office administration. As a result, we are able to focus on doing what we do best as a Regional Center – underwriting projects and raising capital.”
NES Financial’s suite of EB-5 Solutions was built to cover the entire EB-5 life cycle, from start to finish. EB-5 Escrow Administration, EB-5 Fund Administration, and EB-5 Immigration Workflow track and manage the flow of funds and immigration documents with the highest levels of security, transparency, and compliance. These capabilities ensure investor confidence and help EB-5 issuers increase the likelihood of project and immigration success. NES Financial is the leading provider of EB-5 solutions on the market, having worked on more than 250 projects representing over $10 Billion in EB-5 capital.
“The EB-5 market has never been more competitive, with proven developers and quality projects,” said Reid Thomas, NES Financial Executive Vice President. “The projects that are going to stand out are the ones committed to providing investors with the highest levels of security, transparency, and compliance. By awarding an NES Financial Medallion, we hope to make it simple for investors to identify projects that embrace these standards.”
About NES Financial
NES Financial provides technology-enabled services for the efficient middle and back office administration of highly specialized financial transactions. Our custom solutions include EB-5 administration, 1031 exchanges, and fund administration services. Many of the world’s largest financial institutions and corporations rely on our proprietary technology, unparalleled expertise, and outstanding services to ensure the secure, transparent, and compliant management of funds. Recognized by Artisan Business Group as the 2013 EB-5 Service Provider of the Year and by Inc. Magazine’s 500|5000 as one of the fastest growing private companies in America two years in a row, NES Financial helps companies lower operational costs, reduce risk, and improve ROI. For more information, visit nesfinancial.com.
About Cloudseed International Fund
Cloudseed International Fund was designated as a USCIS-approved Regional Center in early 2014 and focuses primarily on commercial real estate projects that create jobs in the state of Ohio. Cloudseed is committed to providing an exceptional level of service and building lasting relationships through trust and transparency. For more information, visit cloudseedfund.com.