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Viji Durga

Question on how long bridge financing can be in place. - 22nd April 2015

EB-5 Immigrant Investor Program: Stakeholder Engagement - 22nd April 2015

Answers

Philip Cohen
September 29, 2015 11:33 AM  Philip Cohen

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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