EB-5 Financing For Development Projects

[Bryan Hancock]

I was wondering if any of the folks on BP could share their EB-5 experience as it relates to small development projects.  I am thinking of using some debt that was pooled via EB-5 financing for a $6M project we're working on.  Apparently some of the regulations make it hard to finance underground infrastructure like wet/dry utilities.   Vertical construction seems to be an easier use of the funds based on what one of the regional center representatives told me.  

The debt is apparently on the order of 3-4% so this is quite appealing at first blush.  Any experience anyone can share is helpful at this point.  I am doing quite a bit of research on this and will continue to do so over the next few months.  If we could finance 60 -70% of the capital stack with this EB-5 money it would greatly reduce our cost of capital.  I just want to make sure it doesn't drastically increase our PITA factor with the government, economic models, etc.