Since building a brand-new construction is not feasible in this economic environment, could remodeling an old apartment complex with the mandatory EB-5 investment amount and job creation potential qualify as an EB-5 project for a regional center?
Answers
Bernard P Wolfsdorf
Immigration attorneysA substantial remodel may qualify if you can show the necessary 10 jobs are created.
Lynne Feldman
Immigration attorneysPossibly, but the problem with construction projects is the jobs are the during construction but not afterwards.
Michael A Harris, Esq
Immigration attorneysYes it could. But an economic impact study will be needed to evaluate how many new jobs would be created as a result.
DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.