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Questions and Answers > EB-5 Investments

How can I use a bank loan to finance my EB-5 visa investment?

Is it possible to get a loan from a U.S. bank, and then use that loan as a source for the EB-5 visa investment? What are the necessary steps?

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Answers

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    Steffanie J Lewis

    Immigration Attorney
    Answered on

    The Regional Center in which you intend to invest would have to agree to accept a loan as partial payment of your investment. If agreed, the note must be secured by your assets registered so that assets may be acquired by the Regional Center if you default on the loan. The loan must be repaid within 2 years. The loan cannot be secured by the project in which you are investing. You would also need to trace the source of funds with which you would repay the loan. I strongly suggest that you seek a credible EB-5 attorney before investing.

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    Daniel A Zeft

    Immigration Attorney
    Answered on

    Yes, you could use a bank loan from a U.S. bank to finance an EB-5 investment.

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    Lynne Feldman

    Immigration Attorney
    Answered on

    Yes, as long as the loan is secured by assets other than the project itself.

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    Phuong Le

    Immigration Attorney
    Answered on

    Yes, perfectly ok. The documents you need will depend on whether you are getting a secured loan or unsecured loan (biggest difference is if secured, you need to show your collateral, including ownership/value). Documentation for unsecured loans are substantially more streamlined but the biggest challenge is, well, getting an unsecured loan for $800k+.

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    Stephen Berman

    Immigration Attorney
    Answered on

    Not recommended.

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    You can use a bank loan if it is fully collateralized. Best if based on real property owned where you have sufficient equity.

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    F Oliver Yang

    Immigration Attorney
    Answered on

    It is possible to use a credit loan after Zhang v. USCIS. You may want to talk to an attorney to carefully evaluate the case.