San Jose, CA, September 2, 2014 – NES Financial recently entered into an agreement to provide EB-5 Administration Solutions for its 250th EB-5 project. NES Financial’s EB-5 Escrow and Fund Administration Solutions are the most widely used services in the EB-5 industry.
“When fully completed, the combined success of these 250 projects could represent an investment of more than $10 billion of EB-5 capital and the creation of over 200,000 American jobs, all at no cost to the U.S. taxpayer,” said Reid Thomas, NES Financial Executive Vice President. “In addition to our EB-5 Escrow Administration Solution, the majority of our new project wins include both our EB-5 Fund Administration and EB-5 Immigration Workflow Solutions. The bundle of these solutions enables EB-5 issuers to provide the highest level of security, transparency, and compliance standards, while maintaining focus on the job creation initiatives that meet the immigration needs of their investors.”
NES Financial’s suite of EB-5 Solutions offers comprehensive middle and back office solutions to ensure the highest levels of security, transparency, and compliance. EB-5 Intelligent Escrow, EB-5 Fund Administration, and EB-5 Immigration Workflow track and manage the flow of funds and immigration documents through the entire life cycle of the EB-5 offering. By handing off the middle and back office administration to NES Financial, EB-5 issuers can reduce their overall expenses and focus on the core needs of their project.
“NES Financial recognized that while EB-5 can provide relatively low cost capital, it is an immigration program at the core,” said Bernard Wolfsdorf, a past President of the American Immigration Lawyers Association (AILA) and head of a top-rated immigration law firm with 20 lawyers providing investment immigration and visa services worldwide. “The services they provide are now the platinum standard that have helped EB-5 issuers succeed in managing the required information for the immigrant investor to be successful. With the huge increase in upcoming I-829 petitions to remove conditions, solutions like theirs have become critical.”
“Global Premier America Regional Center, one of the largest in California with 17 approved counties, chose NES Financial as our EB-5 administrator because they have streamlined and vastly improved the efficiency of our investor tracking process,” said Christine Hanna, COO of Global Premier America Regional Center. “Working with NES Financial solutions has enabled us to more effectively compete in the global market for investors. The level of transparency in our services that these solutions provide is very important to our investors.”
Having worked on 250 EB-5 projects representing over $10B in capital gives NES Financial unparalleled experience and expertise. The company continues to expand its product line with new and innovative solutions that meet the evolving needs of the industry.
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 transactions. 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.