When does interest start accruing on the money I put in an escrow account? - EB5Investors.com

When does interest start accruing on the money I put in an escrow account?

I am looking to raise funds for my project under the EB-5 program but am running into difficulties in my pro forma with a concept. If there is money in an escrow account, waiting for I-526 approval, when does interest start accruing? After the I-526 approval or after the lender releases the funds to the developer?

Answers

Ed Beshara

Ed Beshara

Immigration Attorneys
Answered on

The interest on the EB-5 investment funds will start occurring as stated in the securities offering documents or escrow agreement.

Salvatore Picataggio

Salvatore Picataggio

Immigration Attorneys
Answered on

That will depend on the documentation and financial structure of the investment entity. U.S. immigration attorneys cooperate and collaborate with corporate attorneys, securities law attorneys and other professionals for EB-5 compliance and business viability matters.

John J Downey

John J Downey

Immigration Attorneys
Answered on

Interest on escrow accounts are decided between the investor and developer. Some escrow accounts pay no interest. You need agreements set-up beforehand.

DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.