NES Financial announced today that it has been selected by EB5 United to provide its EB-5 Solution Suite on the Regional Center’s Four Seasons Resort and Golf Course in Puerto Rico.
The Four Seasons development project features a 5-star luxury hotel and 18-hole golf course atop 610 acres of land with breathtaking ocean views. Currently under construction, the project is estimated for completion in early 2017. With more than 200 investors, this project is expected to create over 2,000 jobs.
The EB-5 visa program, created in 1990, encourages investment in 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 a complete solution that would enable us to provide the highest level of transparency to our investors,” said Scott Fuller, CEO of EB5 United. “Investors like to see the progress of their money going through the life cycle. NES Financial offers an all-in-one solution, including escrow, fund administration, and immigration workflow, that allows investors access to this type of transparency.”
NES Financial’s suite of EB-5 Solutions is designed to cover the unique requirements of the entire EB-5 process, start to finish. Each solution provides security, transparency, and compliance to assure investors that things are being done right. Whether utilizing select products or the entire bundle, these unique solutions take care of the middle and back office administration so issuers can focus on doing what they do best.
“EB5 United’s Four Seasons Resort and Golf Course has been awarded an NES Financial Platinum Medallion, demonstrating their commitment to best practices,” said Reid Thomas, NES Financial Executive Vice President. “In this highly competitive market, investors and their agents perform extensive due diligence on projects. How an EB-5 issuer chooses to administer their investor funds has become a critical part of the process and an important differentiator in the market.”
Read the full press release here.