San Jose, CA, January 8, 2013– NES Financial, the nation’s leading provider of escrow administration technology and services to the EB-5 industry, has introduced two new EB-5 escrow products that streamline the management of investors’ funds and maintain a complete audit trail throughout the EB-5 Immigration lifecycle. The new EB-5 Construction Escrow and EB-5 Capital Returns Escrow Solutions, are built upon NES Financial’s industry leading eSTAC technology and work seamlessly with the company’s widely adopted EB-5 Subscription Escrow Solution. With the addition of these two new products NES Financial offers the only, end-to-end solution specifically designed to drive efficiencies, and reduce risk for EB-5 Regional Centers, developers, attorneys and investors.
The EB-5 Construction Escrow Solution, designed for the project construction phase, manages and tracks investor funds as they flow into the development project. The flexible structure of the solution allows for even the most complex drawdown arrangements, saving time and money for lending entities and developers. The EB-5 Capital Returns Escrow Solution ensures that EB-5 investors’ cash is held securely, and that all debits and credits are properly allocated and tracked from initial funding through the life of the investment. Quick to set up and deploy, the solution automatically tracks balances including management fees, interest and pay downs, and facilitates regular progress reporting for investors.
“The EB-5 Immigration process lasts several years from the time of the initial investment and I-526 application, to completion of the job creation project and ultimately removal of the green card conditions at the I-829 phase,” said Reid Thomas, NES Financial’s Executive Vice President of Worldwide Sales and Marketing. “Our Regional Center clients wanted a complete solution that facilitates the administration of funds throughout the entire lifecycle while facilitating the reporting and services they offer to their investors. We believe that due to the unique expertise required to be successful in the EB-5 sector, we are uniquely positioned to meet the needs of this rapidly growing market.”
NES Financial’s EB-5 Solutions offer a streamlined approach to administering investors’ deposits. Built on the company’s proprietary eSTACTM technology platform, NES Financial is the market leader in delivering EB-5 Escrow Administration Solutions.
About NES Financial
NES Financial (NESF) is a leading provider of administration solutions for businesses with complex processes, large sub-accounting needs, and significant compliance requirements in a broad spectrum of industries. Combining in-house financial and legal expertise with state of the art technology, NES Financial helps banks, Fortune 500 corporations, and EB-5 Regional Centers improve operational efficiency, lower costs, and improve profitability. Recognized by Inc. 500|5000 as one of the fastest-growing, private companies in America, NES Financial safely processed more than $85 billion last year and protects businesses from financial risk by delivering unmatched levels of transparency, fund security, and regulatory compliance.
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