NES Financial Adds New EB-5 Medallion Solution Partner – Mark Edward Partners
Innovative insurance solution to provide industry stakeholders with advanced escrow capabilities.
NES Financial, the leading provider of EB-5 administration solutions, announced today that it has entered into an exclusive agreement with Mark Edward Partners, a leading provider of innovative insurance solutions, to provide the EB-5 industry with a unique early-release escrow solution.
This new solution offers qualifying EB-5 projects the ability to release funds from escrow prior to I-526 approval without subjecting the investors to additional risk. By aligning the innovative insurance product from Mark Edward Partners with NES Financial’s Intelligent EB-5 Suite of solutions, EB-5 issuers and investors enjoy the highest levels of security, transparency, and compliance.
“Mark Edward Partners has consistently established itself as a firm with the expertise and experience to develop and bring innovative insurance solutions to the market,” said Mark E. Freitas, President and CEO of Mark Edward Partners. “NES Financial is the leading innovator in developing and delivering technology-based administration solutions to the EB-5 market. By us working together to deliver a comprehensive solution, EB-5 issuers will be able to accelerate project deployment without introducing additional risk.”
“With the explosive growth in the EB-5 industry, the unpredictable and lengthy I-526 petition processing times make it extremely difficult for developers to plan their development schedules,” said Bruce Rosetto of Greenberg Traurig. “This solution from NES Financial and Mark Edward Partners appears to me to resolve one of the biggest challenges faced by EB-5 issuers, while providing insurance to protect the EB-5 investor.”
With the insurance product, which is underwritten by ANV/Lloyds of London, one of the most recognized and largest insurance carriers in the world, both issuers and investors will greatly benefit from this comprehensive solution. With insurance and an escrow simultaneously being offered on a single project, not only do the investors have full protection, but issuers can also get the funds released soon enough to put them to work on the project.
“Over the last two years, we have understandably seen a dramatic increase in demand for early-release escrows.” said Reid Thomas, NES Financial Executive Vice President. “We began looking for an insurance solution that would meet the timing requirements of developers without introducing additional risk to investors and our bank partners. The solution developed by Mark Edward Partners in combination with our Intelligent EB-5 Escrow Solution is the ideal fit for qualified projects.”
Contact an NES Financial representative for more information on this solution or the Medallion Partner Program.
About NES Financial
NES Financial provides technology-enabled services for the efficient middle and back office administration of highly specialized financial transactions. Our custom solutions include EB-5 administration, 1031 exchanges, and fund administration services. Many of the world’s largest financial institutions and corporations rely on our proprietary technology, unparalleled expertise, and outstanding services to ensure the secure, transparent, and compliant management of funds. Recognized by Artisan Business Group as the 2013 EB-5 Service Provider of the Year and by Inc. Magazine’s 500|5000 as one of the fastest growing private companies in America two years in a row, NES Financial helps companies lower operational costs, reduce risk, and improve ROI. For more information, visit nesfinancial.com.
About Mark Edward Partners
Mark Edwards Partners is a national, full service insurance brokerage firm headquartered in New York. They differentiate themselves by delivering high quality service and upholding the company’s core values of service, trust, and innovation. Through customer service and expertise, Mark Edward Partners provides complete risk management services to help clients mitigate their risk issues.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 1,800 attorneys serving clients from 37 offices in the United States, Latin America, Europe, Asia, and the Middle East. The firm is among the 2015 BTI Brand Elite and among the most “Tech Savvy.” It was on the 2013-2015 BTI Client Service 30 listings of firms “most recognized by clients for providing excellent client service,” and one of the 2014 BTI Client Relationship Scorecard “Power Elite,” based on the nature and strength of its client relationships.
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