I have $3 million and want to finance multiple EB-5s: one for myself, one for my brother, and one for my sister. Given my specific amount of available funds (US$3 million), what project considerations must I take into account to allow all three of us to afford our combined investment amount?
If you have adequate lawfully earned funds, and if you invest in a set-aside category where the investment amount is reduced to $800,000 each, then you should have sufficient funds for all three cases.
By an amazing coincidence, this is verbatim a question I have seen on an immigration law quiz. The actual question itself is probably focusing on the simple arithmetics of the minimum investment amount of EB-5. Consider that a project located in a Targeted Employment Area accepts a minimum investment amount of US$800,000, but a project not located in a TEA requires US$1.05 million. If three investors are trying to make three EB-5 investments with no more than US$3 million, this imposes certain limits on the type of project they may consider.
It looks like you need to find a TEA (Targeted Investment Area) and may also want to consult an agent to help you pick a solid investment. Some of the rural projects are getting faster approvals.
