Bay Area development firm PNJ5 has selected NES Financial’s suite of EB-5 solutions for the new Hyatt Centric hotel project in Sacramento, California. PNJ5 will utilize NES Financial’s EB-5 Process, and Accounting Administration Suites, which are designed to help issuers raise and deploy EB-5 capital more quickly, while minimizing risk and streamlining project efficiency.
The EB-5 program, created in 1990, encourages foreign investment into projects that stimulate U.S. job growth. Once relatively obscure, in the decade since the financial crisis began there has been an exponential rise in the use of EB-5 capital in projects of all types and sizes. NES Financial’s Intelligent EB-5 Solutions have been used on more than 700 projects, representing over $20B in EB-5 capital — more than any other service provider in the market.
Hyatt Centric Sacramento is a brand of full-service lifestyle hotels located in prime destinations and tailored to millennial-minded travelers. This Sacramento location will be adjacent to Golden 1 Center, a sports and entertainment arena that opened in 2016.
“We chose NES Financial for their commitment to transparency, and their reputation in this area with investors,” said Jagdev Singh, founder of PNJ5. “The online portal that they provide gives our investors 24/7 access to their account data, immigration status and all project updates. In terms of transparency, that is a major differentiator.”
Hyatt Centric is a brand of full-service lifestyle hotels located in prime destinations and tailored to millennial-minded travelers. The Sacramento location will be adjacent to Golden 1 Center, a sports and entertainment arena that opened in 2016.
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