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Can EB-5 investors fund residential development?

Can EB5 investors be used to assist in the funding of residential real estate infrastructure improvements for the streets, sewers, roads, etc.

Answers

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    Clem Turner

    Securities Attorney
    Answered on

    There have been many successful EB-5 projects that have funded infrastructure. In certain past cases, funding the infrastructure portion of a project has allowed the EB-5 investors to claim credit for all of the job creation associated with the project. You would need to consult with an EB-5 specialist to determine if your project qualifies. In general, EB-5 investors can get job creation credit for the induced and indirect jobs resulting from their project, in addition to direct jobs. This could provide some additional funding for residential projects that can be very helpful to developers.

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    Ed Beshara

    Immigration Attorney
    Answered on

    There first needs to be an analysis of the EB-5 project and timelines.

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    Daniel A Zeft

    Immigration Attorney
    Answered on

    In general, the answer is yes. However, the viability of a particular EB-5 project depends on satisfying specific issues concerning legal requirements and job creation.

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    Taher Kameli

    Immigration Attorney
    Answered on

    It all depends on the job creation model.

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    Lei Jiang

    Immigration Attorney
    Answered on

    Yes. Some EB5 projects are doing that.

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    Julia Roussinova

    Immigration Attorney
    Answered on

    Yes as long as the EB-5 program requirements are otherwise met. Please do not hesitate to contact me should you have any further questions.

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    Roberto Ortiz

    Immigration Attorney
    Answered on

    You can use EB-5 investors for this type of project as long as it will create 10 full time jobs per investors. Also, you need to either create a Regional Center or join an already existing Regional Center. If you have any questions, please do not hesitate to contact me.

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    Margo Chernysheva

    Immigration Attorney
    Answered on

    One of the conditions for EB5 visa is creation of US permanent full-time positions. It is not easy to show that construction jobs are permanent positions. Hence, you would need to hire a very experienced attorney to look at the jobs created through this investments and see if EB5 investor can receive visa through investing in your company.

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    Jinhee Wilde

    Immigration Attorney
    Answered on

    EB-5 investment project could be any kind of project. Please note, however, that business entity must create jobs. Showing how you created the requisite amount of jobs for each investment is the key to preparing and documenting the business side of the EB-5 application (I-526 and I-829).

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    Jor Law

    RC Creator
    Answered on

    It''s possible, but the trick is to ensure that there are adequate job counts for EB-5 purposes.

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    Philip H Teplen

    Immigration Attorney
    Answered on

    Absolutely yes, EB-5 programs can be utilized to do realty and civil engineering projects.

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    Steven Anapoell

    Securities Attorney
    Answered on

    Yes. The issue boils down to deal structure and job count.

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    Larry J Behar, Esq

    Immigration Attorney
    Answered on

    The central core of the EB five program is US job creation. When using a residential project, a commercial component which will include new permanent US jobs will need to be included in the economic and business plans.

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    Igor Serbinin

    Immigration Attorney
    Answered on

    Yes, it can as long as roughly it is not a loan to the developer.

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    Boyd Campbell

    Immigration Attorney
    Answered on

    Yes, but residential development does not create lasting new jobs. Some multi-use projects might work where EB-5 is a piece, such as a hotel or commercial shopping center development located nearby.

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    Shahzad Q Qadri

    RC Creator
    Answered on

    Yes, there are no restrictions as to the kind of project, it can be residential, and or infrastructure . The key is that it has to create jobs, additionally if we are going to rely upon construction it has to last 24 months.

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    Mona Shah

    Immigration Attorney
    Answered on

    Yes, as long as the EB5 regulations have been fulfilled.

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    Jeffrey E Campion

    Immigration Attorney
    Answered on

    The simple answer is "yes." This would normally be in the EB5 regional center context.

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    Daniel B Lundy

    Immigration Attorney
    Answered on

    Possibly, yes, but it depends on the size of the project and the number of jobs created. Residential construction has limited job creation potential for EB-5 because you can only (sometimes, and usually only through a regional center) count construction jobs.

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    Toni L Castel

    Immigration Attorney
    Answered on

    There is no technical restriction on the type of business that an EB-5 project can engage in, however, it is required that for each EB-5 investor, 10 direct or indirect jobs (depending on whether the project is a regional center or not) must be created. This creates the practical restriction on the kind of business that an EB-5 project can invest in. Some kinds of businesses simply do not generate enough jobs per investment of $500,000 or $1,000,000. Therefore, the question to bear in mind when choosing the business in which the EB-5 project will engage is whether the appropriate number of jobs can be created.

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    Emre Ozgu

    Immigration Attorney
    Answered on

    The issue with these projects is whether or not the requisite jobs would be created for all of the investors. Typically with real estatement development that lacks a commercial component, the jobs go away after construction has been completed.

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    Susan Pilcher

    Immigration Attorney
    Answered on

    Residential development projects are suitable, so long as the investment is made into a commercial, profit-generating enterprise that will create jobs. Some residential real estate investments result in more passive investment activity that will not satisfy the government''s interest in stimulating commercial development, so not every residential real estate investment project will qualify.

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    Jennifer Parser

    Immigration Attorney
    Answered on

    Yes to both questions, as long as the requisite 10 jobs per investor are created and exist two years later when the conditionality of the green card approval is finally applied for to be removed.

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    Samuel Arthur Sue

    Immigration Attorney
    Answered on

    Real estate development is the main focus of Regional Centers that use funds pooled from foreign investors. If a foreigner is meeting the requirements as an individual, it is difficult to meet the requirements with a real estate development project. The individual investor must show 10 employees - that is employees to his company and not use of construction contractors, etc. If you are looking for a passive investment, work with a Regional Center and you can get approval even though you have no employees working for your company directly.

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    Kate Kalmykov

    Immigration Attorney
    Answered on

    Yes, EB-5 investors are eligible to fund residential development.

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    Neville M Leslie

    Immigration Attorney
    Answered on

    Yes, EB-5 investors can fun residential development.

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    Stephen Berman

    Immigration Attorney
    Answered on

    If the new commercial enterprise will employ the necessary number of people, this should be possible to do as an EB5.

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    Reza Rahbaran

    Immigration Attorney
    Answered on

    Yes, as long as a regional center project creates jobs it may be financed in part or entirely with EB-5 funds depending on the nature of the project. For investments outside of a regional center, the job creation methodologies differ and may require a different approach. Please contact Rahbarab & Associates, and a member of staff will be happy to assist you further.

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