About three decades ago in 1990, the United States Congress launched the EB-5 Program which allows foreigners to invest their capital in the US and help in stimulating the economy of the country by creating jobs and wealth. A couple of years later in 1992, Congress consolidated the initiative by creating the Immigrant Investor Program (IIP), which is also known as the Regional Center Program (RCP). Under this program, the government issues EB-5 visas to investors who commit their money in commercial enterprises based on proposals for promoting economic growth. Such commercial enterprises should be associated with regional centers approved by United States Citizenship and Immigration Services (USCIS).
The EB-5 Program requires the foreign investor to commit a minimum of $500,000 in a commercial enterprise associated with regional centers approved by USCIS and this investment should create at least 10 jobs. The benefit of investing via a USCIS approved regional center is that it enables computation of indirect and induced jobs toward the job creation requirement mandated by the EB-5 Program. Today, EB-5 financing has grown as a viable funding option along with the well-known options mortgage lenders offered by Park West Capital.
Developers across several industries in the US have made very good use of EB financing which has strict compliance norms especially with regard to the number of jobs that a particular investment creates. That’s not the case with other more conventional sources of credit like commercial bridge loans from Park West Capital. It is true that there is a huge rush of migrants from different parts of the world to put their investment capital in projects approved USCIS but it normally takes up to nine months for a deal to close. Commercial bridge loans from reputable Park West Capital are way ahead in terms of speed and efficiency in closing deals.