San Jose, CA, November 10, 2015 – NES Financial announced today that it has been selected by Golden Opportunity Regional Center to provide its EB-5 Escrow Administration Solution for the Regional Center’s latest project, Pacifica Senior Living Oceanside.
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. While relatively obscure in early decades, recent years have seen exponential growth in the use of this capital in projects of all types and sizes. Commercial real estate developers in particular have gravitated strongly toward low-cost EB-5 money, making it a mainstream part of their capital stacks.
Pacifica Senior Living Oceanside is a 124-unit senior living community with a five-star resort lifestyle, located in Oceanside, California. The third-largest city centrally located between Los Angeles and San Diego County, Oceanside has experienced an increased need for such types of facilities in recent years.
“When evaluating our escrow needs, it became clear that NES Financial’s Intelligent EB-5 Solution was the best fit for our senior living facility,” said Emma Chen, Golden Opportunity Regional Center’s Project Manager of China Commerce. “Having a third party administrator with their level of experience and expertise handle all of the back office work has been an important contributor to investor confidence.”
NES Financial’s suite of Intelligent 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 for the utmost investor confidence in a project. 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.
“We continue to see strong growth in the use of EB-5 capital in senior/assisted living projects across the country, resulting in the creation of thousands of jobs at no expense to the U.S. taxpayer,” said Reid Thomas, NES Financial Executive Vice-President. “Our Solution allows developers of these facilities to leave the back office operations of the EB-5 process to us, enabling them to focus on what they do best.”
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 Golden Opportunity Regional Center
Golden Opportunity Regional Center received its USCIS designation in September of 2014. The Regional Center is approved for the San Diego, Orange, Los Angeles, Riverside, San Bernardino, Ventura, Santa Barbara, and San Luis Obispo counties of California. Golden Opportunity Regional Center focuses on and promotes economic growth in the construction of buildings, nursing and residential care facilities, and hotels and motels. For more information, visit gorc-eb5.com.