San Jose, CA, December 9, 2014 – NES Financial announced today that its EB-5 Escrow Administration Solution has been selected by EB5 GROUP for their latest project, Medical Campus One in North Carolina.
EB5 GROUP is comprised of a team of experienced developers who have successful track records using EB-5 capital on large commercial real estate projects. Their current project, Medical Campus One, is a 370,000 square foot medical campus in North Carolina that includes EB-5 funds as a key part of the capital stack.
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.
“We wanted to work with a company for our EB-5 escrow that would provide investors with confidence,” said Robert Hobbs, a leading EB-5 Finance Consultant for EB5 GROUP. “We chose NES Financial because they have the strongest reputation both domestically and internationally when it comes to providing security and transparency for investors.”
NES Financial’s suite of EB-5 solutions was built to cover the entire EB-5 life cycle, from start to finish. EB-5 Intelligent Escrow, 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 probability of achieving project success. NES Financial is the leading provider of EB-5 solutions, having worked on more than 250 projects representing over $10 billion in EB-5 capital.
“Investors are well informed on the EB-5 process and conduct significant due diligence before selecting a project to invest in,” said Reid Thomas, NES Financial Executive Vice President. “How issuers like EB5 GROUP plan to administer the funds is a critical consideration. Our Solution was designed specifically to enable the level of transparency that investors deserve.”
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 transactions. 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 EB5 GROUP
EB5 GROUP specializes in providing foreign capital to real estate projects that create new jobs for U.S. citizens. EB5 GROUP has significant development, financial structuring, and investment experience, which has been applied to projects in all real estate spectrums. EB5 GROUP uses its specialized knowledge to bridge the gap between investors and developers in order to meet their needs. The company manages an expanding portfolio of Regional Centers focused on meeting the increasingly rigorous demands of the EB-5 investor. Each project is sponsored by a designated Regional Center that is fully approved by the USCIS and managed by EB5 GROUP. For more information, visit www.eb5groupllc.com.