Visa, Revised: Why EB-5 Is Getting Pricier and Harder to Use in Big Cities A major developer who has relied on EB-5 financing in the past explained the impact of the updates in even starker terms. “There are a number of developers around whose whole business model relies on EB-5,” said the developer, who declined to be named in connection with the program. “People like that are going to be basically out of business" The Real Estate Board of New York had a similar prediction. “New changes to the [EB-5] program will slow important economic development projects across the city by making it more difficult to secure this financing, raising serious questions about the program’s viability moving forward,” said newly installed REBNY president James Whelan. This will be a windfall for projects in rural areas which was undeserved. Good reason to consider CN Global insight with South Korean associates for EB-5 funded projects. Wait times are normal at 2.4 years. Demand is on the rise, as Korean people are trying to join in. CN Global has its roots in South Korea..” readmore;https://commercialobserver.com/2019/08/eb-5-visa-changes-real-estate-2019/ hashtag#internationalrelations hashtag#visas hashtag#projects hashtag#korean hashtag#trading hashtag#investment hashtag#visa hashtag#eb5visa
Subscribe for News
Join Professionals on EB5Projects.com →
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.