I am raising an unsecured loan from a friend for partial investment in an EB-5 project. My friend’s source of funds is quite clear and well-documented, so I expect my immigration attorney to be comfortable with the same. However, the return expected by my friend is substantially higher than the usury rate prescribed in the state laws. Will this cause a problem for me when USCIS reviews my I-526E petition? I read that loans taken for investment purposes are not subject to usury laws. Personally, I don’t mind paying the interest expected by my friend. Are there any risks?
Answers
Belma Demirovic Chinchoy
Find an EB-5 Visa Lawyer: Immigration AttorneyYou can set any terms you want for a private loan (in the US at least). Comply with local rules and regulations. Think also about your ability to pay back the loan…
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