The EB-5 visa was originally intended to spur job creation in the manufacturing industry — in fact, a 2003 ruling said that real estate construction jobs couldn’t count toward the job creation figures required under the program. Today, however, EB-5 capital is no longer viewed as simply an alternative source of financing
How, then, has real estate development come to dominate the use of EB-5 capital in this decade?
In this week’s featured article, attorney Mona Shah gives a bit of history on how EB-5 funding became a mainstream source of real estate investment capital. She also outlines various ways in which, despite real estate’s dominance, EB-5 funds continue to be deployed in other industries — and explains why these alternative markets are a benefit to EB-5 at large.
“While EB-5 has been a popular source of financing amongst real estate developers, it is by no means limited to use in real estate projects. As EB-5 investors grow in sophistication, EB-5 funding is increasingly deployed in a variety of unique and viable projects — underscoring its versatility as a source of capital.”
Read More in the article: “How EB-5 Funding Is and Can Be Used”
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