San Jose, CA, May 13, 2014 – NES Financial will be exhibiting at the International Council of Shopping Centers’ (ICSC) RECon convention from May 18-20 in Las Vegas, Nevada. NES Financial provides commercial real estate professionals with the experience, expertise, and technology to make complex financial processes easy, by tailoring highly scalable solutions to address their needs.
As the leading independent qualified intermediary (QI) in the country, NES Financial sets the industry standard for security, transparency, and compliance for 1031 exchanges. On an annual basis, the company processes more than $80B in 1031 exchanges.
Many commercial real estate developers are now using EB-5 funds as a source of capital for their projects. The EB-5 visa program, created in 1990, encourages investment into government-approved projects that create U.S. based jobs, while providing an opportunity for foreign nationals to become lawful permanent residents. The visa applicant’s investment is typically held in escrow for several months, pending approval of their I-526 application by the United States Citizenship and Immigration Services. This relatively low cost source of capital is proving to be a valuable complement to traditional sources of financing for real estate projects, while at the same time creating jobs to boost the United States economy.
Using EB-5 funds involves a unique set of financial, immigration, and job creation requirements. NES Financial will be showcasing its industry-leading suite of EB-5 solutions designed to streamline the entire process, from start to finish. The solutions have been used on more than 200 EB-5 projects, representing over $8 billion in capital.
“Use of the EB-5 program has been growing substantially among leading CRE developers,” said Reid Thomas, Executive Vice President of NES Financial. “As the leading provider of EB-5 solutions in the market, we are the perfect partner to help developers navigate the complexities of the program in order to benefit from this low cost source of capital.”
ICSC’s RECon is the largest global convention for the shopping center industry, with over 32,000 attendees and 1,000 exhibitors. The annual convention is a great opportunity to network with other business professionals, stay updated on industry news and trends, and view the latest products and services on the market.
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 escrows, 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 two years in a row by Inc. Magazine’s 500|5000 as one of the fastest growing private companies in America, NES Financial helps companies lower operational costs, reduce risk, and improve ROI. For more information, visit nesfinancial.com.