Southern States Regional Center Selects NES Financial’s EB-5 Intelligent Escrow and Fund Administration Solutions for Multiple Projects
San Jose, CA, May 29, 2014 – NES Financialannounced today that it has been selected by Southern States Regional Center (SSRC) to provide EB-5 solutions for the Regional Center’s current projects. NES Financial is the leader in EB-5, having designed a suite of solutions specifically for the industry.
Southern States Regional Center, which recently announced a joint venture with American Dream Fund, has two EB-5 projects located in Georgia. These projects, Symphony at Eagles Landing and Hyatt Place Hotel, are set to raise $50 million and $32 million respectively, with nearly $20 million of EB-5 capital between the two.
“We wanted a winning solution for both the investor and developer where the benefits were unique and clear. We chose NES Financial because they are the known leaders in EB-5 escrow and fund administration,” said Bruce Nicely, Principal of Southern States Regional Center. “The features of the EB-5 Fund Administration solution, such as financial tracking and an audit trail, really allow for full visibility on both our end and the investor’s end.”
NES Financial’s suite of EB-5 solutions was built to cover the entire EB-5 life cycle, from start to finish. EB-5 Intelligent Escrow, EB-5 Fund Administration, and EB-5 Immigration Workflow track and manage the flow of funds and immigration documents with the highest levels of security, transparency, and compliance. By handing off the back office administration to NES Financial, EB-5 issuers can reduce their overall expenses, while enabling them to focus on the core needs of their project.
“Like many other Regional Centers, Southern States Regional Center is implementing multiple projects in parallel with one another,” said Reid Thomas, Executive Vice President of NES Financial. “As the EB-5 market leader, we understand the need to have a solution that cost effectively scales as our clients grow from one project and one investor to multiple projects with hundreds or even thousands of investors. Unlike traditional fund administration services, we designed our EB-5 solution suite to meet the growing needs of our clients.”
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.
About Southern States Regional Center
Southern States Regional Center, a federally designated Regional Center, is an Atlanta-based financial firm offering funding solutions through the USCIS’ EB-5 program, as well as private equity and bridge financing to a number of developers, corporations, and municipalities throughout the southeastern United States. SSRC is comprised of a highly experienced management team whose members have completed in excess of $4 billion in real estate and structured financing transactions. SSRC selects projects with an emphasis in hotel, hospitality, senior living, and manufacturing. For more information, visit www.ssrcusa.com.