Experienced client service team and state-of-the-art technology meet the EB-5 Regional Center’s escrow administration needs
San Jose, CA, July 10, 2012– NES Financial, the nation’s leading provider of escrow administration technology and services to the EB-5 industry, announced that California Global Alliance, LLC has selected its EB-5 Escrow Administration Solution to administer investor funds for their retail automotive brand, which caters to the to the U.S. car and truck market.
California Global Alliance, LLC was established to manage the development and construction of numerous public facilities including hotels, restaurants, retail shopping centers, nursing homes and assisted living facilities. Currently, California Global Alliance is participating in the development of an upscale automotive dealership. In order to successfully manage projects of this scale, the California-based EB-5 Regional Center wanted to work with a company with a proven track record in successful escrow administration.
“We are impressed with NES Financial’s technology and how it improves the efficiency of the capital raise process,” said Michael Lewison, Investor Relations and Projects Manager of California Global Alliance, LLC. “NES Financial’s industry expertise and experienced client services team make the EB-5 escrow administration process a smooth one for California Global Alliance, LLC, allowing us to focus on serving the needs of our investors.”
The EB-5 Program provides foreign nationals with the opportunity to become permanent U.S. residents by investing in government-approved projects that create U.S. based jobs. During the investor’s I-526 application process, EB-5 Regional Centers work with NES Financial to place investors’ deposits into escrow pending approval by the U.S. Citizenship and Immigration Services.
NES Financial is the EB-5 industry’s leading provider of escrow administration technology and solutions. Built on its proprietary eSTACTM technology platform, NES Financial’s EB-5 Escrow Solution offers a streamlined approach to administering investors’ deposits. In addition to improving operating efficiency for Regional Centers, the company’s leading technology provides the highest level of security and transparency for investors.
“Providing Regional Centers with a comprehensive and flexible escrow solution remains a top priority for NES Financial,” said NES Financial’s CEO and President, Michael Halloran. “We are delighted that many leading Regional Centers, such as California Global Alliance, are embracing the industry’s best practices for investor security and transparency through the deployment of our solution.”
For more information on NES Financial’s EB-5 Escrow Administration Solution, click here.
About NES Financial
NES Financial (NESF) is a leading provider of technology, services, and expertise to banks, organizations, and leading corporations. Combining industry expertise with the most advanced cloud-based sub-accounting technology, NES Financial helps its customers improve operational efficiency, lower costs, reduce fiduciary risks, and improve profitability. Recently recognized in the Inc. 500|5000 list of fastest-growing, private companies in America, NESF has built its business and reputation on delivering increased security, transparency, and compliance to complex financial transactions.
About California Global Alliance, LLC
California Global Alliance, LLC (CGARC), is a USCIS approved EB-5 Regional Center authorized to offer EB-5 investment opportunities throughout 12 California counties which qualify foreigners for United States permanent residency.
CGARC and its affiliates have a long history of working closely with officials at all levels of government. This experience is represented by the successful construction of numerous public facilities, the development of multiple real estate projects, and the creation and management of some of the largest retail employers in our communities.
CGARC is currently offering a unique opportunity to participate in an upscale, Luxury Automotive Dealership located in a fast growing, highly desirable location.
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