Question on how long bridge financing can be in place. - 22nd April 2015
EB-5 Immigrant Investor Program: Stakeholder Engagement - 22nd April 2015
Answers
The rules say that the bridge financing has to have been contemplated as short term. There is no guidance for what is defined as short term, and I have seen some attorneys try to use EB-5 capital to replace a mortgage (the very antithesis of short term in my opinion). The rule of thumb I typically see being followed is no more than 1-2 years.
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