What to watch for on EB-5 this year

What to watch for on EB-5 this year

Eb5 visa, Eb-5 visa, Eb-5 inveatment

If you’re considering using EB-5 financing to get a project done, this would be a pretty good time, says Polsinelli shareholder Dawn Lurie, who’ll be among the speakers at Bisnow’s NY Foreign Investment event on Jan. 19 at New World Stages.

Often, there’s a wait-and-see approach taken by developers when government programs face an uncertain future (think 421a). But Dawn says the uncertainty since last month’s vote to extend the program without changes is actually fueling a rush of established regional centers applying to get in on the program before September, when it’s set to go for another vote before Congress.

Whatever form EB-5 takes after September, Dawn says it’s a fair bet that it’ll involve increased due diligence requirements and that it’ll take more resources and time to navigate the process. She says Senate Bill 2145, sponsored by NY’s Sen. Chuck Schumer, can act as a kind of “crystal ball” for what a new EB-5 may look like.

Xinyuan Real Estate US managing director John Liang, who’ll also speak at our event, says Xinyuan’s Oosten condo development in Williamsburg was able to take an IRR in the 20s and get it into the 30s from a $50M EB-5 investment that replaced a portion of the equity Xinyuan had put down.

He says it was like icing on the cake when a regional center approached Xinyuan after its capital stack had already been structured and ground had been broken—a sign, he says, that the project’s financials were especially strong. We’ll see you at our event on Tuesday, Jan. 19, starting at 7:30am at New World Stages, 340 West 50th St.


https://www.bisnow.com/new-york/news/capital-markets/what-to-watch-for-on-eb5-this-year-54683

Mentions

States

  • New York


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.