How can I use a promissory note in the context of my EB-5 direct investment?

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I have an EB-5 direct investment project where I have already spent around 80-85% of total investment. I have also recently purchased a house worth around $300k using my personal income. Can I use a promissory note for the remainder balance to be paid in installments to the EB-5 enterprise using my personal home as the security asset?

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Answers

Lynne Feldman

Find an EB-5 Visa Lawyer: Immigration Attorney

Answered on June 1, 2023

Yes, so long as not secured by the EB-5 project - i.e., you are thinking of a mortgage on the house for the remainder of the funds?

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