Visa, Revised: Why EB-5 Is Getting Pricier and Harder to Use in Big Cities

Visa, Revised: Why EB-5 Is Getting Pricier and Harder to Use in Big Cities

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


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