JSG Capital Advisors and Advantage America EB-5 Group Select NES Financial for Third-Party Fund Administration

JSG Capital Advisors and Advantage America EB-5 Group Select NES Financial for Third-Party Fund Administration

EB-5 Visa, EB5 Visa, EB-5 Investment

NES Financial announced today it has been selected by JSG Capital Advisors LLC and Advantage America EB-5 Group to provide third-party administration on its latest EB-5 capital raise for a commercial real estate project in New York City.

The project, which is being developed by Delshah Capital, will transform five historic landmark buildings into a 205-unit luxury apartment complex located in the Morningside Heights neighborhood of Manhattan. The project is located adjacent to Columbia University, Morningside Park, St. Luke's Hospital, and the Cathedral of Saint John the Divine. A joint venture between JSG Capital Advisors and Advantage America EB-5 Group is raising up to $49.5 million in EB-5 funds to fund a portion of the approximately $250 million total capitalization of the project.

"I've always felt EB-5, as an investment and funding vehicle, would be strengthened by becoming more institutionalized, with standards for tracking the flow of funds, reporting, transparency, and clear audit trails that mirror industry best practices long followed in non-EB-5 fund management and administration. Our investors deserve that. That's precisely what NES Financial delivers, and why we've chosen them for third-party administration of our EB-5 fund," explains Justin Gardinier, Founder and President of JSG Capital Advisors LLC.

"The demand for third-party fund administration as a best practice in EB-5 continues to increase, reflecting an overall trend in private equity," said Reid Thomas, NES Financial Executive Vice President. "Our EB-5 administration solutions efficiently handle complex capital, and the accounting and process administration of an EB-5 project from start to finish, with the highest level of compliance, security, and transparency."

Designed to help raise capital faster, reduce risk and ensure success for issuers and investors, the comprehensive NES Financial EB-5 Administration Solution will be used for the entire life cycle of the project's EB-5 fund, providing institutional-quality practices and services, from capital and accounting administration, to documentation and process management required by the EB-5 visa program.




  • California

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.