EB-5 Administration Solutions deliver security, transparency, and compliance for investors
San Jose, CA May 1, 2013– NES Financial announced today that Daniels Real Estate, LLC has deployed NES Financial’s EB-5 Administration Suite of Solutions to administer funds associated with its Stadium Place Project development in downtown Seattle, WA.
The Stadium Place Project comprises two city blocks in the Pioneer Square neighborhood. Phase 1 will use EB-5 capital towards the development of the West Block, which will include more than 500 apartment units, 16,000 square feet of retail space, and enough parking spaces to accommodate 370 residents. It is scheduled to open in September of this year. The project will utilize several green technologies and is expected to be a model for future buildings in Seattle.
“I was looking for an ‘A Team,’” said company President Kevin Daniels. “In addition to providing additional funds security, NES Financial’s Solution gives us the most efficient approach to administering EB-5 funds. I needed things taken off my plate, not added to it.”
NES Financial, the market leader in EB-5 escrow administration products, provides end-to-end escrow solutions built on its eSTAC® technology, which ensures that no steps are overlooked and federal requirements are met. Used together, NES Financial’s EB-5 Solutions Suite provides a seamless audit trail of activities and flow of funds during the life cycle of the development project through the completion of the EB-5 investor’s immigration process.
“We are excited to work with a project that provides so much to the city of Seattle,” said Reid Thomas, Executive Vice President of Sales and Marketing at NES Financial. Our solutions will allow them to focus on the project development and not on the administration of the capital raise funds.”
About NES Financial
NES Financial is a leading provider of technology-enabled services to corporations and financial institutions for the efficient administration of specialized financial transactions. By combining its proprietary eSTAC™ technology with services and expertise, NES Financial has delivered specific solutions for a wide range of multi-tiered sub-accounting transactions, including 1031 exchanges, EB-5 escrows, and tenant security deposits. These solutions allow banks and corporations to improve operational efficiency, lower costs, reduce fiduciary risks, and increase profitability. Recognized as one of Inc. Magazine’s 500/5000 fastest growing private companies, our mission is to help businesses and individuals mitigate financial risk by delivering unmatched levels of security, transparency, and compliance. For more information, visit https://nesfinancial.com.
About Daniels Real Estate
Daniels Real Estate, LLC is a Seattle company that was formed in January 2007 to carry forward the long and successful development history of its sister company, Nitze-Stagen & Co., Inc. With the same qualified development team in place (with each senior team member having over 25 years of experience), the company’s mission continues to be to develop complex and challenging dense urban commercial real estate projects that make significant impacts on the communities they are located in and generate exceptional returns on those investments. For more information, visit http://www.danielsdevelopmentcompany.com.