The EB-5 regional center I invested in refuses to return the investment amount after the completion of 5 years + 2 years extension, a total of 7 years. This is on the pretext that the master loan has to be paid first and they are unable to refinance the project, hence cannot return the money back to secondary lenders, like the EB-5 investors. Is this a legally valid reason? What kind of action can we take?
Answers
Lynne Feldman
Find an EB-5 Visa Lawyer: Immigration AttorneyYou would need to have someone review the legal project documents you signed. Remember your money needed to be at risk at the time you filed.
Phuong Le
Find an EB-5 Visa Lawyer: Immigration AttorneyYou would need to review the offering and loan documents carefully. However, regardless of the loan term, if a project has no cash or is unable to refinance or sell (especially in this environment), repayment may be delayed due to circumstances out of their (short-term) control.
Robert V Cornish Jr
Securities AttorneysYou will need to speak with a securities litigation attorney to review your offering documents to ascertain your record inspection rights and rights of withdrawal from the project. It is impossible to answer such a question without knowing these terms.
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