NES Financial announced today that Mount Snow has selected our EB-5 Fund Administration and Immigration Workflow Solutions for their current projects located in Vermont. Mount Snow is the one of the most popular ski resorts on the East Coast, with an average of 450,000 visitors per year and a close proximity to the metropolitan areas of New York and Boston. Both of their current projects, the West Lake Water Project and Carinthia Ski Lodge, are being done in conjunction with the State of Vermont Regional Center – the first state-run Regional Center in the country.
The successful use of EB-5 funds in Vermont can be attributed to the deep involvement by the state to make sure projects are carried through in accordance with its high standards. State officials visit projects on a quarterly basis to make sure these standards are being upheld.
“The State of Vermont Regional Center does not rest upon its past successes – we constantly strive to be a standard bearer for industry best practices,” said Brent Raymond, Executive Director of State of Vermont Regional Center. “In addition to reviewing and selecting quality projects, it is equally important for our project partners to embrace solutions that offer the highest levels of security, transparency, and compliance for all stakeholders.”
NES Financial’s suite of EB-5 Solutions was designed around these principles. Having been engaged on more than 250 EB-5 projects representing over $10 billion in EB-5 capital, NES Financial has more experience than any other service provider in the industry. Outsourcing the middle and back office administration of the entire EB-5 life cycle to NES Financial allows EB-5 issuers to reduce overall expenses and focus on the core needs of their development project.
“We believe NES Financial provides the leading EB-5 administration and workflow solutions on the market,” said Richard Deutsch, a Co-Owner of Mount Snow. “We chose to deploy their solutions because we are committed to delivering the highest level of transparency to our investors and maximizing their potential for immigration success.”
“Informed EB-5 investors include an evaluation of the fund administration plan and the overall operational capabilities of an EB-5 issuer before making an investment decision,” said Reid Thomas, NES Financial Executive Vice President. “EB-5 issuers that take the steps to put the right operational plans and infrastructure in place from the launch of their project are more likely to have success in recruiting investors because these investors will be more likely to succeed in their immigration objectives.”
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