San Jose, CA, June 11, 2013 – NES Financial announced today that the Utah Regional Investment Fund has deployed NES Financial’s EB-5 Administration Suite of Solutions to administer funds associated with its Waters Edge Resort Project in Garden City, UT.
Located on the scenic shores of Bear Lake, the Waters Edge Resort will include an 84-room full service hotel, 70 privately owned condominiums, 40,000 square feet of retail, restaurant and office space, and a 5,000 square foot conference facility. The project development will be one of the first Utah projects funded through the EB-5 program and will create an estimated 482 jobs when it opens at the end of the year.
Chairman and CEO Chris Shurian is determined to show the world the breathtaking beauty of Bear Lake and is using Waters Edge as a catalyst to turn the area into a true resort destination. Every investor who has visited Bear Lake has been in awe of the astounding setting and captivated by the picturesque scenery.
“I needed a partner who shared my vision and could help get things done,” said Shurian. “I went with NES Financial because of their knowledge and experience in the EB-5 industry and their ability to assist us in providing a quality experience for investors. They understand the importance of maintaining a relationship with investors and can help us manage and protect those relationships.”
NES Financial, the market leader in EB-5 escrow administration products, provides end-to-end escrow solutions built on its proprietary eSTAC® technology, which ensures that all federal requirements are met and no steps are overlooked. When linked together, NES Financial’s EB-5 Suite of Solutions meets a critical need for investors and their immigration attorneys by providing a seamless audit trail of the flow of funds throughout the life cycle of the immigration process – from the I-526 application to the I-829 removal of conditions.
“While the EB-5 program is a great way to raise capital that creates jobs, it is also about providing opportunities to foreign investors interested in starting a new life in the US,” said Reid Thomas, Executive Vice-President of Sales and Marketing at NES Financial. “We are pleased to work with the team at the Utah Regional Investment Fund who is focused on the value that added capabilities deliver to their investors by choosing our secure, transparent, and compliant solutions.”
Learn more about NES Financial’s EB-5 Administration Solutions.
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 multi-tiered sub-accounting 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. Repeatedly recognized by Inc. Magazine’s 500|5000 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 Utah Regional Investment Fund
The Utah Regional Investment Fund (URIF) was approved in 2011 to promote increased economic growth throughout the state of Utah. By leveraging existing financial resources, URIF is able to launch profitable commercial enterprises and achieve increased regional export sales, productivity, job creation, and domestic capital investment into rural and targeted employment areas. URIF focuses on viable projects in a broad range of sectors including hospitality, lodging, restaurants, health and wellness, and senior living. For more information, visit www.fundutah.com.