US Freedom Capital selects NES Financial’s Escrow Administration Solution for additional EB-5 projects
San Jose, CA, December 3, 2013 – NES Financial announced today that it has been selected by US Freedom Capital to provide its leading EB-5 Escrow Administration Solution for the company’s two most recent projects. NES Financial’s solutions provide efficiency to Regional Centers and full transactional transparency to investors throughout the EB-5 process.
The EB-5 visa program, created in 1990, encourages investment into government-approved projects that stimulate US based jobs, while providing an opportunity for foreign nationals to become lawful permanent residents. An applicant’s investment is typically held in escrow pending approval of his/her I-526 application by the United States Citizenship and Immigration Services.
US Freedom Capital provides capital for real estate and infrastructure projects through the EB-5 program. The Regional Center’s projects, construction of luxury, multi-family properties and a skilled nursing facility in Texas, will make a positive impact on economic and job growth in the area.
“We had used NES Financial’s EB-5 escrow solution on previous projects and chose them again because they are the proven leader and the trusted source in the industry,” said Stan Bradshaw, Principal and CEO of US Freedom Capital. “We find that the purpose-built solution, which offers investors secure online access to view their accounts, combined with the company’s reputation, provides a level of comfort for our investors, which helps us in the marketing of our project.”
NES Financial has created Escrow Administration Solutions specifically designed for the EB-5 industry. In addition to EB-5 escrow, the NES Financial Fund Administration Solution provides a complete audit trail of the flow of funds throughout the life cycle of the investment – from the moment the initial investment is made until the settlement of the investment account after completion of the immigration process. This audit trail is especially beneficial in the completion of the I-526 and the I-829 petitions. As a result, NES Financial clients enjoy tremendous improvements in operating efficiency and their investors benefit from the highest level of transparency.
“US Freedom Capital recognizes the importance of working with a qualified leader to provide investors with the best experience,” said Reid Thomas, NES Financial EVP. “Investor confidence in the process is crucial to continuing the steady growth of the EB-5 program.”
About NES Financial
NES Financial provides technology-enabled services for the efficient 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 running by Inc. Magazine’s 500|5000 list as one of the fastest growing private companies in America, NES Financial helps companies lower administrative costs, reduce risk, and improve ROI. For more information, visit www.nesfinancial.com.
About US Freedom Capital
Launched in early 2011, US Freedom Capital was founded to create US economic and job growth with foreign investments through the USCIS EB-5 immigration program. The Management Team includes veteran real estate executives and top USCIS immigration officials. The firm assists qualified high net worth foreign investors who desire to immigrate to the US and offers EB-5 compliant commercial real estate investments. For more information, visit www.usfreedomcap.com.