If I am a foreigner, can I take a home equity loan from a property I own in the United States and use it to fund my EB-5 visa? I was not sure if the funds need to come from outside the U.S. or if it is OK to use investments coming from the United States.
Loan proceeds from a loan secured by a collateral in your name are lawful source of funds for EB-5. Property must be appraised to show its appraised value is equal to or higher than the loan proceeds. You must also show lawful source of funds for the moneys used to purchase the property originally. It may or may not be difficult for you to secure a loan from an accredited institution in the U.S. if you are a foreigner, depending on the credit history you have (if any) and value of the property.
Yes, you can secure a loan with property in the United States. However, it must be personal property, not property owned by a corporation.
You can certainly use the funds from your investment in the U.S. for an EB-5 petition. With regards to your real property, make sure you properly document the real estate transaction sale. In addition, be ready to provide information on how you acquired the property in the first place by showing how you obtained financial resources, through legal source(s), to purchase the property.
It is acceptable to use loans secured by property in the U.S. which you 100 percent own, but you have to prove where the money came from to purchase the home.
The EB-5 funds do not need to come from outside of the United States. A home equity loan is a great source of funds, but make sure to document the lawful source of funds you used to purchase the property in the first place.
Yes, the funds for your EB-5 investment could come from a loan which is secured by personal property that you own in the United States.
Yes, you could take a home equity loan from your property and use those funds to make a qualifying investment for EB-5 purposes, either a direct investment or through a regional center. Your loan would obviously be secured by a mortgage on the property. You can use the investment funds coming from sources within the United States.
Funds can come from the U.S. and, as you said, a secured loan can be acceptable. However, more may be needed to prove the original property ownership and how that was paid for, so please consult with an immigration attorney.
The source of your funds can be from the U.S. (i.e., loans). It does not need to be from outside the U.S. for EB-5 purposes.
There is no requirement that the investment funds for EB-5 must come from a foreign country. As long as you could prove that the original source for the house purchase came from a legal source, there is no reason why you cannot use a home equity line as part of your source of funds.
A loan on U.S. property is fine, so long as it is not a loan on the project you are investing in.
Yes to all your questions. But be sure to put the house up as collateral. Please check with an experienced EB-5 lawyer. And hurry before Congress raises the minimum amount to well over $1 million, as is proposed.
Yes, you can. It does not matter where the EB-5 funds are originated as long as you can clearly document the source of the funds. For a home equity loan, you also need to prove how you initially acquired the real property.
Yes, you can obtain a home equity loan from your property in the United States to fund your EB-5 investment.
It is OK to use funds from the U.S.
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