NES Financial Intelligent EB-5 Solutions Selected by CrossHarbor Capital Partners
NES Financial announced that CrossHarbor Capital Partners has selected its Intelligent EB-5 Solutions – Escrow Administration, Fund Administration, and Immigration Workflow – on the company's current EB-5 project.
The EB-5 visa program, created in 1990, encourages investment into projects that stimulate U.S. job growth, while providing an opportunity for foreign nationals to become lawful permanent residents. While relatively obscure in early decades, recent years have seen exponential growth in the use of this capital in projects of all types and sizes. Commercial real estate developers in particular have gravitated strongly toward EB-5 funds, frequently making it a standard part of their capital stacks.
CrossHarbor Capital Partners, working with Northern Rockies Regional Center, is using EB-5 capital to expand the residential and amenity space of the existing Yellowstone Club in Big Sky, Montana. With $1.5 billion in real estate sales since buying the club, and the purchase of two existing communities in the area, CrossHarbor Capital Partners is committed to bringing in capital and jobs to Big Sky.
"CrossHarbor Capital Partners has over 20 years of experience with commercial real estate investments and managing investment funds," said James Candido, Director of EB-5 Investments. "EB-5 is a highly specialized area and requires the unique capabilities that NES Financial's solutions provide in order to offer the highest level of service to our investors in their immigration process."
NES Financial's suite of Intelligent EB-5 Solutions is designed to cover the unique requirements of the entire EB-5 process, start to finish. Each solution provides security, transparency, and compliance for the utmost investor confidence in a project. Whether utilizing select products or the entire bundle, these purpose-built solutions take care of the middle and back office administration so issuers can focus on doing what they do best.
"Having a third party administrator to manage investment funds is understood as a best practice for many traditional investments and is becoming more widely adopted within the EB-5 industry," said Reid Thomas, NES Financial Executive Vice President. "EB-5 investors are making at-risk investments that will create jobs in the hope of a successful immigration result. Our solutions help ensure that the highest standards of security, transparency, and compliance are being applied."
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 CrossHarbor Capital Partners
CrossHarbor Capital Partners is a Boston-based alternative investment management firm that invests in core-plus, value-add, and opportunistic commercial real estate transactions. Founded in 1993, CrossHarbor has invested in more than $12 billion of EB-5 and non-EB-5 commercial real estate.
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