EB-5’s go-go days are a thing of the past, and now developers are searching for —but rarely finding — cheap debt through the federal visa program.
Chinese investors who had accepted near-zero returns in order to secure a green card through EB-5 have pulled back, leaving developers without an alternative form of financing, according to the Wall Street Journal.
Investors from other countries including India and Vietnam now make up a larger pool of EB-5 investors but they demand higher returns for their investments.