Can loans be used for EB-5?
USCIS has made it clear that proceeds of a loan are an acceptable form of capital for an EB-5 investment. In such a case, the EB-5 investor must be the principal borrower of the loan and personally liable for repayment, and the loan must be secured by personal assets of the investor.
What is an EB-5 loan?
The EB-5 Program is a USCIS (United States Citizenship and Immigration Services) employment-based visa program allowing foreign investors to gain permanent residency through a $500,000–$1,000,000 investment in a new commercial enterprise that creates at least 10 full-time jobs.
What is the minimum investment for EB-5?
Capital Investment Requirements
| Petition Filing Date | Minimum Investment Amount – 8 CFR 204.6(f)(1). | Targeted Employment Area Investment Amount – 8 CFR 204.6(f)(2) |
|---|---|---|
| Before 11/21/2019 | $1,000,000 | $500,000 |
| On or After 11/21/2019 | $1,800,000 | $900,000 |
How do I get EB-5 funding?
A primary EB-5 requirement is an initial investment in a new commercial enterprise. That investment must be $900,000 (USD) in a Targeted Employment Area or $1.8 million in a non-TEA area.
How long does EB5 visa take?
The average processing time for the EB-5 visa is six months, and the initial application and petition are usually approved within 60 days from the date of filing. You will, however, have to also wait for the United States Citizenship and Immigration Services (“USCIS”) and Department of State to schedule an interview.
How long does EB-5 visa take?
How do eb5 investors get their money back?
Some regional centers have hold-back provisions such that 10-20% of investor EB-5 funding remain in escrow until all investors have been approved. Other regional centers provide a ‘guarantee’ that funds will be returned to investors in case of denial.
Do EB-5 investors get their money back?
Can we buy US Citizenship?
US Citizenship by investment EB-5 and E2 are not a citizenship by investment program, However; after getting a Green Card via the EB-5 visa route, investors can apply for USA citizenship after five years of Permanent Residency. This process is known as Naturalization.
Can I get a Green card if I buy a house in USA?
No. You can’t get a green card simply by buying a house in the U.S. In fact, owning real estate doesn’t ordinarily give you any visa or other immigration benefits. Through the EB-5 program, you and your immediate family could qualify for green cards through an investment of at least $500,000.
What’s the difference between secured and unsecured EB-5 loans?
Secured EB-5 Loans are backed by collateral which the EB-5 Investor owns. Unsecured EB-5 Loans are not backed by collateral. The primary difference is the risk the lender is taking. Typically, unsecured loans are riskier than secured loans and therefore have a higher interest rate.
What kind of loan is an EB 5?
The EB-5 component can be best described as a typical mezzanine loan that will be secured with the developers interest in the project, subordinated to the senior loan, but fully non-recourse. The EB-5 loan interest depends on the overall project details, including the experience and strength…
Are there any EB 5 loans for Playa Vista?
Playa Vista Equities has a dedicated Fund which exclusively lends capital to qualified EB-5 investors so they can complete their required $900,000 investment. PVE can issue either secured EB-5 Loans or unsecured EB-5 Loans. Loan must be secured by one or more assets:
How are EB 5 funds used in a project?
Put another way, developers can now use EB-5 funds as a component of their project capital stack. The EB-5 component can be best described as a typical mezzanine loan that will be secured with the developers interest in the project, subordinated to the senior loan, but fully non-recourse.