WASHINGTON, Dec. 10, 2019 (GLOBE NEWSWIRE) -- EB5 Capital announced today the redeployment of its fifth repaid partnership, totaling $46 million in redeployed EB-5 capital to date. The United States Citizenship and Immigration Services’ (USCIS) requires that EB-5 funds be held “at-risk” throughout each investor’s respective sustainment period. Redeployment enables EB-5 investors to continue their immigration process in the event that their partnership’s initial investment is repaid earlier than the time an investor is eligible to receive a return of their funds under the EB-5 Program requirements.
“We are abundantly confident that our redeployment strategy is a conservative and effective approach to maintaining USCIS-required ‘at-risk’ status, while maximizing investment exit opportunities for those who become eligible for repayment,” said Angelique Brunner, EB5 Capital’s CEO.
EB5 Capital currently redeploys EB-5 funds to fill specific financing needs of commercial real estate projects. Developments selected to receive redeployed funds undergo a stringent due diligence process matching the company’s previous 27 EB-5 projects, which includes 10 fully repaid projects. Carrying the investment from one commercial real estate project to another is a conservative interpretation of USCIS’ requirement that funds be redeployed into investments “within the scope of” the original investment.
“We’ve taken a considerable amount of time thinking through how to mitigate as much risk as possible to our investors’ immigration process,” said Brian Ostar, EB5 Capital’s Senior Vice President of Global Operations. “Protecting their permanent Green Card petition is our number one priority. To date, 41 investors have seen their initial investment repaid by project sponsors, subsequently redeployed into another project, and then repaid to them in full once they have completed their sustainment period.”
About EB5 Capital
EB5 Capital is a leader in the EB-5 immigrant investor industry, raising over $750 million in foreign capital from investors in more than 65 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 27 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit http://www.eb5capital.com.
Contact:
Ben Carter
(202) 652-2437
media@eb5capital.com