Can I take a $900k loan from my friend in the US, who is a green card holder? The loan would be completely unsecured and without collateral. Does this work as my EB-5 investment?
Answers
Daniel A Zeft
Find an EB-5 Visa Lawyer: Immigration AttorneyAn EB-5 investment must be at risk. This situation is not an EB-5 investment because the loan is not secured.
Michael A Harris, Esq
Find an EB-5 Visa Lawyer: Immigration AttorneyYes, it is possible for this work if your friend can provide sources of funds for how he obtained the amount he is gifting you.
Lynne Feldman
Find an EB-5 Visa Lawyer: Immigration AttorneyI suggest an agreement with the friend to show that this is the case and the terms of the repayment without collateral.
Dennis Tristani
Find an EB-5 Visa Lawyer: Immigration AttorneyYes - you can use the proceeds of an unsecured loan/gift from a friend. USCIS will inquire as to the source of funds that your friend lent/gifted to you - this will require your friend to provide his personal tax, financial and income documents.
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