Metropica, one of the nation’s largest under-construction mixed-use communities, today announced that it will utilize NES Financial’s range of EB-5 Escrow, Immigration Workflow, and Loan Servicing Solutions — which are designed to help developers raise and deploy EB-5 capital more quickly, minimize risk and streamline project efficiency — to support the development’s EB-5 initiative.
The EB-5 program, created in 1990, encourages foreign investment into projects that stimulate U.S. job growth. Once relatively obscure, in recent years there has been an exponential rise in the use of EB-5 capital in projects of all types and sizes. NES Financial’s Intelligent EB-5 Solutions have been used on more than 650 projects to date, representing over $20B in EB-5 capital — more than any other service provider in the market.
Use of these EB-5 Solution Suites has earned the Metropica development a NES Financial Platinum Medallion, signifying the project’s commitment to industry best practices and to providing investors with the highest levels of security, transparency and compliance.
“Smooth and successful EB-5 fund administration for a project of this size is very difficult for developers to achieve on their own,” said Reid Thomas, Executive Vice President & General Manager at NES Financial. “Our suite of intelligent EB-5 Solutions streamlines this process, offering peace of mind to all involved, and will ensure that the industry’s best in technology-enabled security, transparency and compliance is provided to Metropica’s investors.”
Read the full press release by clicking here.
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