FREE Sign upLogin
Preeti Sinha

How can a regional center administer an ongoing EB-5 project?

Is it possible for a regional center to have a long-term, ongoing EB-5 project? E.g. if the regional center were to successfully create the required amount of jobs, help one group of investors receive I-829 approval, and then continue the project with a new group of EB-5 investors, and so on?

Answers

Philip Cohen
September 29, 2015 11:59 AM  Philip Cohen

You can take this approach, but each EB-5 raise has to be net new; you cannot replace one EB-5 investor's money with another. Typically, we see projects that might do a second raise of EB-5 capital to further relieve some of the short-term debt that it is holding or to finance a new stage of an existing project. Any investors that come in after a first round have to be assigned different jobs that have been created, but there can be provision that if there are buffer jobs for first round investors that are not used, these unused jobs can be made available to next-round investors.

Back

Subscribe for News


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.