Rapid Security Solutions Selects NES Financial’s EB-5 Escrow and Fund Administration Solutions for Direct EB-5 Project
San Jose, CA, August 6, 2014 – NES Financial announced today that it has been selected by Rapid Security Solutions to provide its leading EB-5 Escrow and Fund Administration Solutions for the company’s direct EB-5 investment project. NES Financial’s EB-5 Solutions have been used on more than 200 projects, representing over $10B in capital.
The EB-5 visa program, created in 1990, encourages investment into projects that stimulate U.S. job growth, while providing an opportunity for foreign nationals to become lawful permanent residents. An applicant’s investment is typically held in escrow prior to subscription in a New Commercial Enterprise.
Rapid Security Solutions, headquartered in Florida, sells and installs integrated electronic security systems for a range of homes and businesses, including residential, commercial, government, and non-profit organizations. The company is raising capital to support their growing operations, creating jobs in five new Florida market locations.
“There is a lot involved in the EB-5 process, and doing all the administration yourself is time consuming, costly, and difficult. NES Financial’s Solutions not only simplify the process on our end, but the transparency and compliance benefits are appealing to investors,” said Steven Paley, President and CEO of Rapid Security Solutions. “I don’t know how anyone can be serious about EB-5 if they don’t use a platform like this.”
Whether utilizing selective products or bundling them all together, NES Financial’s suite of EB-5 Solutions offers comprehensive middle and back office solutions through the entire life cycle of the EB-5 offering. EB-5 Intelligent Escrow, EB-5 Fund Administration, and EB-5 Immigration Workflow track and manage the flow of funds and immigration documents helping to ensure the highest levels of security, transparency, and compliance. 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.
“The EB-5 program can be used to create jobs and stimulate the U.S. economy across a wide range of industries,” said Reid Thomas, NES Financial Executive Vice President. “Regardless of the size of the capital raise, or whether the project is a direct investment or involves the use of a Regional Center, our EB-5 Solutions are an excellent fit.”
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 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.
About Rapid Security Solutions
Rapid Security Solutions (RSS) is a full-service security partner managing end-to-end security and asset protection solutions for clients through the use of state-of-the-art technology, proven security assessments, and exceptional client service. With over 100 years of combined business, security industry, and law enforcement experience, the RSS team offers a level of service to their customers not currently available in the marketplace. For more information, visit rsecurity.net.