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How will repaying a bank loan affect an EB-5 investment?

I am an EB-5 investor in China. I borrowed a loan from China Industry Bank and used my real state property to guarantee the loan. The loan amount is $400,000, but the loan term is 58 months. The regional center project I want to invest in has a five (60 month) or six year (72 month) investment return policy. The problem here is I shall refund the bank loan before the EB-5 investment is returned. The agent in Beijing told me it is okay to submit an I-526, but another agent told me it is not okay. I am confused. How will refunding the bank loan affect my EB-5 investment in the regional center project?

Answers

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    Fredrick W Voigtmann

    Immigration Attorney
    Answered on

    USCIS does not care if you repay your loan early. As long as your lawful source of funds has been established and documented, the subsequent repayment of your bank loan should not have any effect.

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    Julia Roussinova

    Immigration Attorney
    Answered on

    You must keep your EB-5 investment and not receive invested funds from the EB-5 project before your I-829 is approved. Repaying the loan earlier should not be an issue.

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    Ed Beshara

    Immigration Attorney
    Answered on

    The bank loan is based upon your collateral as security for the repayment. The terms of repayment will not affect your EB-5 investment which is a completely different matter.

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    John J Downey

    Immigration Attorney
    Answered on

    I do not believe paying off the loan will affect your application. As long as the loan is a personal loan based on your assets it should not pose a problem.

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    Jinhee Wilde

    Immigration Attorney
    Answered on

    The migrant agents are confusing your loan payment to your bank with the EB-5 investment return from the project. In order to successfully obtain I-526 approval and more importantly I-829 approval, you must sustain the EB-5 investment and do not receive the investment funds from the regional center project before the I-829 is approved. However, as long as the source of funds were proven through how you purchased the real estate that was the security for the loan you obtained, paying back your bank loan earlier is fine.

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